BSECompany Update3d ago · 24 Jul 2026, 06:12 pm
Please see annexed enclosure
Standard Engineering Technology Ltd · 544333
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Standard Engineering Technology Ltd has completed Phase I of its strategic investment in GL HAKKO Co., Ltd., Japan, acquiring 19.19% of the target company's issued, subscribed and paid-up share capital. The company has received confirmation from the target company and plans to subscribe to an additional stake of up to 31.88% in Phase II, subject to regulatory approvals.
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Standard Engineering Technology Ltd - 544333 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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Date: July 24, 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: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Completion
of Phase I Investment in GL HAKKO Co., Ltd., Japan
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended (the “SEBI Listing Regulations”), with reference to the Company's intimation dated July 06, 2026 regarding the approval of a strategic
investment in GL HAKKO Co., Ltd., Japan (the "Target Company"), we wish to inform that the Company has successfully completed the
remittance of the subscription consideration towards Phase I of the proposed investment through the prescribed banking channels in accordance
with the applicable laws.
The Share Subscription Agreement and the Shareholders' Agreement have been duly executed by the Company with the Target Company and
its existing shareholder.
Accordingly, Phase I of the strategic investment stands completed and the Company has acquired 19.19% of the issued, subscribed and paid-
up share capital of the Target Company. The Company has also received confirmation from the Target Company as on the date of this
intimation.
As disclosed earlier, Phase II contemplates the subscription to an additional stake of up to 31.88% in the Target Company within three years
from the completion of Phase I, subject to obtaining approval under the Foreign Exchange and Foreign Trade Act (FEFTA), Japan, and other
requisite regulatory, governmental and applicable approvals, fulfilment of the agreed conditions precedent. Upon completion of both phases,
the Company's aggregate shareholding in the Target Company is proposed to increase up to 51.07%, subject to such approvals and conditions.
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
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