Outcome of Board Meeting

Date: June 25, 2026 Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 SCRIP CODE: 544333 SYMBOL: SETL Dear Sir/Madam, Sub: Outcome of the Board Meeting – June 25, 2026 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we would like to inform you that the Board of Directors (the “Board”) of Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) (the “Company”) at its Meeting held today, i.e. Thursday, June 25, 2026, has inter-alia considered and approved the following: • Approval for the proposed acquisition of up to 51% Equity in GScale Energy Private Limited The Company has approved the acquisition of up to 51% equity stake in M/s. GScale Energy Private Limited (CIN: U28199TS2026PTC216284), a private limited company engaged in Data Center Engineering and Infrastructure Solutions. The acquisition will be governed by a Shareholder Agreement (SHA) and Share Subscription Agreement (SSA), and is subject to fulfilment of conditions under the definitive agreements. Upon completion, GScale Energy Private Limited will become a Subsidiary of the Company. The detailed disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as ‘Annexure I’. The Board Meeting commenced at 10:30 AM. and concluded at 11:00 AM. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, FOR STANDARD ENGINEERING TECHNOLOGY LIMITED (Formerly known as Standard Glass Lining Technology Limited) Kallam Hima Priya Company Secretary & Compliance Officer Encl: A/a Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) Registered Office: D-12, Phase -I, IDA Jeedimetla, Hyderabad-500055 Corporate Office: 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad-500085 Manufacturing Unit: Survey No. 42/A, Alinagar, Chetlapotharam Village, Gaddapotharam, SangaReddy-502319 CIN: L29220TG2012PLC082904 Email: corporate@standardengtech.com Website: www.standardengtech.com Tel: + 040 3518 2204 ANNEXURE A Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Pursuant to SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026): S. No. Particulars Description Name of the Target Company, details in brief M/s. GScale Energy Private Limited such as size, turnover, etc. (CIN: U28199TS2026PTC216284) Registered Office: Flat No. 2001, 17LH Lanco Hills, Manikonda, Rangareddy, Telangana – 500089, India Authorised Share Capital: Rs. 35,00,000/- Paid up Share Capital: Rs. 11,15,270/- Financial Year Turnover (Rs. In Lakhs) 2023-24 Nil 2024-25 Nil 2025-26 Nil Whether the acquisition would fall within The proposed acquisition does not fall within related party related party transaction(s) and whether the transactions. The promoter/promoter group of the Company promoter/ promoter group/ group companies have no interest in M/s. GScale Energy Private Limited. have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Industry to which the entity being acquired Integrated engineering platform in the AI Data Centre 3. belongs Engineering Infrastructure Products and Solutions. Objects and impact of acquisition (including but Rather than building AI datacenter capabilities organically, not limited to, disclosure of reasons for the acquisition provides immediate access to GScale's acquisition of target entity, if its business is domain expertise, proven track record (486 MW delivered, 1 outside the main line of business of the listed GW+ under execution), hyperscaler relationships, and ready- entity) to-market LOIs — accelerating SETL's entry into a market opportunity of $5.2–6.7 trillion in global AI datacenter capex by 2030 (including $40–50 billion in India). Impact: Creates a two-platform engineering company — SETL serving Pharma & Chemical, GScale serving AI Datacenter Infrastructure — while core business commitments to existing customers remain fully unchanged. Brief details of any governmental or regulatory Not Applicable 5. approvals required for the acquisition Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) Registered Office: D-12, Phase -I, IDA Jeedimetla, Hyderabad-500055 Corporate Office: 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad-500085 Manufacturing Unit: Survey No. 42/A, Alinagar, Chetlapotharam Village, Gaddapotharam, SangaReddy-502319 CIN: L29220TG2012PLC082904 Email: corporate@standardengtech.com Website: www.standardengtech.com Tel: + 040 3518 2204 Indicative time period for completion of the Within 90 days from the date of agreement, subject to the acquisition fulfilment of the conditions as per the definitive agreements. Consideration - whether cash consideration or Cash Consideration of Rs. 125 Crores and Rs. 65 Crores as share swap or any other form and details of the share swap same Cost of acquisition and/or the price at which the Rs. 190 Crores 8. shares are acquired Percentage of shareholding/control acquired Upto 51% shareholding by the Company 9. and/or number of shares acquired Brief background about the entity acquired in M/s. GScale Energy Private Limited terms of products/line of business acquired, (CIN: U28199TS2026PTC216284), incorporated on May 15, date of incorporation, history of last 3 years 2026, is a newly incorporated private limited company based turnover, country in which the acquired entity in Hyderabad, Telangana. The company is engaged in the has presence and any other significant business of providing integrated engineering platform in the 10. information (in brief) Data Centre Engineering and Infrastructure Solutions sector. Financial Year Turnover (Rs. In Lakhs) 2023-24 Nil 2024-25 Nil 2025-26 Nil Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) Registered Office: D-12, Phase -I, IDA Jeedimetla, Hyderabad-500055 Corporate Office: 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad-500085 Manufacturing Unit: Survey No. 42/A, Alinagar, Chetlapotharam Village, Gaddapotharam, SangaReddy-502319 CIN: L29220TG2012PLC082904 Email: corporate@standardengtech.com Website: www.standardengtech.com Tel: + 040 3518 2204 PRESS RELEASE SETL Proposed to Acquire Majority Stake in GScale Energy Private Limited, Marking Its Strategic Entry into AI Datacenter Engineering Hyderabad, June 25, 2026 – Standard Engineering Technology Limited (SETL) (BSE: 544333), India's leading precision and multidisciplinary engineering company, today announced the acquisition of a majority stake in M/s. GScale Energy Private Limited, a company specializing in AI Datacenter Engineering infrastructure. SETL proposed to acquire upto 51% shareholding in GScale Energy Private Limited through a combination of primary capital infusion and a strategic share-swap arrangement with existing shareholders, committing approximately ₹190 Crore for this Phase I investment. As part of a broader phased program, SETL has approved a total investment of approximately ₹500 Crore to be deployed across equity acquisition, capacity expansion and working capital for the combined business, entirely self-funded from the Company's cash flows. Looking ahead to FY2027, we remain confident in the underlying strength of our core engineering business. Based on our current order pipeline, customer engagements, and ong [Showing first 8,000 characters — download PDF for full document]