BSECompany Update6d ago · 5 Nov 2026, 06:20 pm
Please see annexed enclosure
Standard Engineering Technology Ltd · 544333
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Standard Engineering Technology Ltd has submitted a Monitoring Agency Report for Q2FY2027, which shows that the utilization of the issuance proceeds is in line with the objects of the issue. The report does not constitute a commentary on the quality of the objects of the issue or the appropriateness of costs.
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Full Announcement
Standard Engineering Technology Ltd - 544333 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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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
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