SEPC Share Price Surges Over 2%; Receives In-Principle Approval to Enter UAE Petroleum Trading

SEPC Limited has received in-principle approval from its Board to enter the UAE petroleum trading business, as per the exchange filing.  

The company plans to do this by acquiring 100% of Wintality Petroleum FZE, a UAE-based company involved in the import, export and trading of refined petroleum products.  

The acquisition will be done through a share swap, so SEPC will not have to make a cash payment for the deal.  

Wintality to Become SEPC's Subsidiary 

Wintality Petroleum FZE will become a step-down subsidiary of SEPC after the deal is completed. SEPC will carry out the transaction through its UAE subsidiary, SEPC FZE, Sharjah.  

No Cash Outflow 

The deal will be completed by changing the share capital and using the reserves of SEPC FZE. After the restructuring, SEPC will continue to hold 95.75% of SEPC FZE. Only 4.25% of the enlarged share pool will be used as the non-cash consideration for the acquisition.  

This means SEPC can enter the petroleum trading business without spending cash from the parent company. 

SEPC Enters a New Business 

SEPC is mainly an EPC company, working on areas such as water and wastewater, roads, industrial infrastructure, and mining. 

The acquisition will give the company an operating business in refined petroleum trading, taking its business beyond its traditional project-based work.  

Company Says Deal Will Expand UAE Presence 

SEPC Managing Director Venkataramani Jaiganesh said the structure will help the company grow its UAE operations using value already built inside its own subsidiary. 

He also said the deal is a capital-efficient way for SEPC to expand its international business.  

SEPC's FY26 Performance 

SEPC reported total income of ₹1,085.8 crore and EBITDA of ₹108.9 crore in FY26. 

Its net profit stood at ₹53.5 crore, compared with total income of ₹646 crore in FY25. The company said its net profit more than doubled during the year.  

Read More: Puravankara Share Price in Focus; Enters JDA for 7.83-Acre Land Parcel in South-East Bengaluru! 

SEPC Share Price Performance 

As of August 26, 2026, at 12:20 PM, SEPC share price was trading at ₹5.91 per share, reflecting a surge of 2.43% from the previous trading session. 

Conclusion 

SEPC is moving into the UAE petroleum trading business by acquiring Wintality Petroleum FZE. The deal will be done through a share swap without a cash payment, while SEPC will continue to hold a 95.75% stake in its UAE subsidiary. The move also gives the company a new business area outside its traditional EPC operations.  

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