Monitoring Agency Report

Date: November 05, 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: Monitoring Agency Report for the Quarter and Half Yearly ended September 30, 2026. Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated November 05, 2026 issued by ICRA Limited (Monitoring Agency), for the Quarter and Half Yearly ended September 30, 2026 in respect of the utilization of proceeds of the Initial Public Offer 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 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 ICRA Limited Date: November 05, 2026 Mr. AnjaneyuluPathuri Chief FinancialOfficer Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) 10thFloor, PNR High Nest, Hydernagar KPHB Colony, Hyderabad Telangana500085 India Dear Sir, Re: Final Monitoring Agency report of Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) forQ2FY2027 Please refer to agreement dated December27, 2024,appointing ICRA Limited as the Monitoring Agency (MA) forStandard Glass Lining Technology Limited’s IPOIssue. After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q2FY2027. Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) against any objects / heads or assurance on outcome of such spending. We thank you for your kind cooperation extended during the course of Q2FY2027. Should you require any clarification, please do not hesitate to get in touch with us. We look forward to your communication and assure you of our best services. With kind regards For ICRA Limited Parul Digitally signed by Parul Goyal Goyal Narang Date: Narang2026.11.05 15:26:59 +05'30' Parul Goyal Narang Vice President & Head-Process Excellence parul.goyal@icraindia.com ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 Sensitivity Label : Public September 2026 MONITORING AGENCYREPORT Report of the Monitoring Agency Name of the Issuer: Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) For quarter ended: September30, 2026 Name of the Monitoring Agency:ICRA Limited (a) Deviation from the objects of the issue: Nodeviation -the utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation1: Not Applicable. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intendedto or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain creditrelated analyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Parul Goyal Digitally signed by Parul Goyal Narang Narang Date: 2026.11.05 15:26:11 +05'30' Parul Goyal Narang Vice President & Head-Process Excellence Analyst: Sweety Shaw QA: Dhwani Vinchhi 1The range of deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Sensitivity Label : Confidential September 2026 1. Issuer Details Name of the Issuer: Standard Engineering Technology Limited (Formerly known as Standard Glass Lining Technology Limited) Name(s) of the promoter: Promoters Mr. Kandula Rama Krishna Mrs. Kandula Kirshna Veni Mr. Nageswara Rao Kandula Mr. Kudaravalli Punna Rao M/s. S2 Engineering Services Mr. Katragadda Venkata Mohana Rao Source: Prospectus Industry/ sector to which it belongs: Manufacturing 2. Issue Details Issue Period: Opening date-January06, 2025 Closing date-January08, 2025 Type of Issue: Pre-Initial Public Offer Type of specified securities:Equity shares IPO Grading, if any:No credit rating agency registered with SEBI has been appointed in respect of obtaining grading for the offer. Issue Size (Rs. Crore):INR 410.051 Crore With OFS portion: INR 410.051 Crore; Excluding OFS portion: INR 250.000crore (including Pre-IPO placement money INR 40.000Crore) Net proceeds as per the Prospectus: INR 193.425 crore Sensitivity Label : Confidential September 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Peer Reviewed CA- Certificate -Confirmation from Whether all utilization is as per management the disclosures in the Offer Yes No deviation observed No Comment -Bank statement of the Document? pro [Showing first 8,000 characters — download PDF for full document]