NSEGeneral Updates6d ago · 7 Oct 2026, 09:36 pm

General Updates

Standard Engineering Technology Limited · SETL

✦ AI Summary

Standard Engineering Technology Limited has provided clarifications to the National Stock Exchange of India Limited regarding the proposed acquisition of up to 51% of the equity share capital of GScale Energy Private Limited. The clarifications address the possession of operational infrastructure, the reference to '486 MW delivered and 1 GW+ under execution', and the experience of GScale's leadership team.

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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Standard Engineering Technology Limited has informed the Exchange about Clarification sought by the NSE

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SGLTPL_07102026213554_SETL_Clarification_NSE_Reg30_07Oct2026.pdf

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Date: October 07, 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 Dear Sir/Madam, Sub.: Clarification sought by the National Stock Exchange of India Limited– Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”), and with reference to the clarification sought by the National Stock Exchange of India Limited (“NSE”), and further to the Company’s earlier intimation dated June 25, 2026 and the Addendum to the Investors Presentation dated June 29, 2026, in relation to the proposed acquisition of up to 51% of the equity share capital of GScale Energy Private Limited (“GScale”), as well as the Company’s intimation dated July 30, 2026 regarding the completion of the acquisition of 33.55% of the equity share capital of GScale and the Company’s subsequent intimation dated September 28, 2026 regarding GScale is a Subsidiary of the Company, we hereby submit the following clarifications: 1. Possession of approximately 4 lakh square feet of operational infrastructure The premises admeasuring approximately 4 lakh square feet referred to in our earlier intimations are held by GScale on a leasehold basis. GScale had executed a term sheet dated June 17, 2026 with the lessor of the said premises, securing its right to occupy the premises. Subsequent to the Company’s announcement dated June 25, 2026, GScale has executed a sub-lease agreement dated July 16, 2026 for approximately 2,73,000 square feet, and the sub-lease agreement for the balance approximately 1,70,000 square feet is expected to be executed by February 2027, thereby formalising its possession and leasehold rights. 2. Reference to “486 MW delivered and 1 GW+ under execution” The reference to “486 MW delivered and 1 GW+ under execution” in the said announcements relates to the track record and experience of Mr. Kasu Brahma Reddy, Founder and Managing Director of GScale, and the leadership team associated with GScale, gained in their prior professional roles in the AI Datacentre engineering industry. It does not represent projects executed by GScale, which was incorporated on May 15, 2026. The said experience, domain expertise and industry relationships of its leadership team are available to GScale and formed part of the rationale for the acquisition. The above clarification is submitted for the information of the Exchanges and the stakeholders of the Company. 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