BSECompany Update2h ago · 3 Oct 2026, 06:33 pm
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Standard Engineering Technology Ltd · 544333
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Standard Engineering Technology Ltd has received in-principle approval from BSE and NSE for a preferential issue of 24,39,750 equity shares to AGI Group Holdings Inc. and Monoflus Pte. Ltd. at Rs. 293 per share.
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Full Announcement
Standard Engineering Technology Ltd - 544333 - Receipt Of In-Principle Approval
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Date: October 03, 2026
To, Listing Compliance Department
Listing Compliance Department National Stock Exchange of India Limited
BSE Limited Exchange Plaza, C-1 Block G,
Phiroze Jeejeebhoy Towers Bandra - Kurla Complex, Bandra (East)
Dalal Street, Mumbai - 400 051
Mumbai - 400 001
SCRIP CODE: 544333 SYMBOL: SETL
Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“Listing Regulations”) - Receipt of In-principle Approval under Regulation 28(1) of the Listing
Regulations for proposed preferential issue of the Company
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended (the “SEBI Listing Regulations”), we wish to inform you that Standard
Engineering Technology Limited (“the Company”) has received In-principle approval from BSE Limited, vide its
letter no. LOD/PREF/DA/FIP/877/2026-27 dated October 01, 2026, and National Stock Exchange of India
Limited, vide its letter no. NSE/LIST/56391 dated October 01, 2026, for the issue of 24,39,750 (Twenty-Four
Lakh Thirty-Nine Thousand Seven Hundred and Fifty) fully paid-up Equity Shares of the Company of face value
of Rs. 10/- each, at a price of Rs. 293/- per Equity Share (including a premium of Rs. 283/- per Equity Share)
(“Preferential Allotment Price”), for cash consideration, on a preferential basis, to the following proposed allottees
belonging to the Non-Promoter category:
S. No. Name of the Proposed Allottee Number of Equity Shares
1. AGI Group Holdings Inc. 22,77,100
2. Monoflus Pte. Ltd. 1,62,650
Total 24,39,750
The Company shall proceed with the allotment of the said Equity Shares upon receipt of the requisite consideration
from the proposed allottees, in compliance with the provisions of Chapter V of the SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018 and other applicable laws.
The copies of the In-principle Approval of BSE Limited and National Stock Exchange of India Limited are
enclosed herewith.
We request you to take the above 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.: As above
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
Ref: NSE/LIST/56391 October 01, 2026
The Company Secretary
Standard Engineering Technology Limited
Dear Sir/Madam,
Sub: In - Principle approval under Regulation 28(1) of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We are in receipt of your application regarding In-principle approval for issue of 24,39,750 Equity
shares of Rs. 10/- each issued under Preferential basis in terms of Regulation 28(1) of the SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015. In this regard, the Exchange
is pleased to grant in-principle approval for the said issue subject to the Company fulfilling the
following conditions:
1. Filing the listing application at the earliest from the date of allotment.
2. Receipt of statutory and other approvals and compliance of guidelines/regulations issued by
the statutory authorities including SEBI, RBI, MCA, etc.
3. Compliance with all the applicable guidelines, regulations, directions of the Exchange or
any statutory authorities as on the date of listing application.
4. Compliance of all conditions as per the SEBI (LODR) Regulations, 2015 as on date of
listing, Companies Act, 1956 / Companies Act, 2013 and other applicable laws.
5. Submissions of documents as may be required by NSE and payment of applicable fees.
Further, the company is advised to strengthen internal controls (to monitor trades being
executed by the proposed allottees in the scrip of the company) before allotment of securities
in order to avoid any non-compliances in respect of trades being executed by the allottees in
contravention of provisions of Chapter V of SEBI (ICDR) Regulations. In this regard,
a) The Company is advised to obtain an undertaking from the allottee(s) confirming that
they shall not do intra-day trading in the scrip of the company or any sale in the scrip of
the company till the allotment date of the security as required under SEBI (ICDR)
Regulations.
b) The Company may note that the responsibility/onus is solely on the Issuer company to
verify the above (a) and ensure compliance with applicable provisions including
Regulation 167(6) of SEBI ICDR regulations, 2018.
c) The Company may also note that any non-compliances, if observed by the exchanges
post the undertaking and verification by the Issuer company may impact the listing of
such shares.
Continuation Sheet
Ref: NSE/LIST/56391 October 01, 2026
Kindly note, this Exchange letter should not be construed as approval under any other Act
/Regulation/rule/bye laws (except as referred above) for which the Company may be required to
obtain approval from other department(s) of the Exchange. The Company is requested to
separately take up matter with the concerned departments for approval, if any.
The Exchange reserves its right to withdraw its in-principle approval at a later stage if the
information submitted to the Exchange is found to be incomplete/incorrect/misleading/false or in
contravention of any Rules, Bye-laws and Regulations of the Exchange, SEBI (LODR)
Regulations, 2015, Guidelines/ Regulations issued by statutory authorities, etc.
Yours faithfully,
For National Stock Exchange of India Limited
Pooja Pashte
Manager
National Securities Depository Limited
Central Depository Services Limited
P.S. Checklist of all the further issues is available on website of the exchange at the following
URL: https://www.nseindia.com/static/companies-listing/raising-capital-further-issues-main-
sme-checklist%20
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