We hereby inform the Exchange of the Press Release titled "SEPC Limited announces Strategic Acquistion of 90% stake in Avenir International Engineers and Consultants LLC, Abu Dhabi". Detailed Letter is enclosed.

SEPC Limited has announced the acquisition of a 90% equity stake in Abu Dhabi-based Avenir International Engineers and Consultants LLC, an engineering services firm specializing in Oil & Gas, FEED, and Project Management Consultancy with a strong MENA region presence. The deal is valued at approximately INR 1,530 crore (90% of AED 708 million) and will be executed through a share swap arrangement, with completion expected within six months subject to lender and shareholder approvals. Avenir brings an order book of around AED 500 million and established relationships with clients like ADNOC and DEWA, with FY24 revenue of about INR 171.89 crore. For context, SEPC's 9-month FY26 revenue stood at ₹796.89 crore with a net profit of ₹39.81 crore. The acquisition marks SEPC's shift from a domestic EPC player to a globally diversified engineering company, with no promoter interest in the target entity.