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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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