Analysts/Institutional Investor Meet/Con. Call Updates

Date: November 10, 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: Transcript of the Quarter and Half Yearly ended September 30, 2026, Results Conference Call hosted on November 05, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to our results conference call intimation dated October 28, 2026, please be informed that the results conference call for the Quarter and Half Yearly ended September 30, 2026 was hosted on November 05, 2026 and the transcript of the conference call is enclosed herewith. 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 “Standard Engineering Technology Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. NAGESWARA RAO KANDULA – MANAGING DIRECTOR – STANDARD ENGINEERING TECHNOLOGY LIMITED MR. RAMAKRISHNA KANDULA – EXECUTIVE DIRECTOR – STANDARD ENGINEERING TECHNOLOGY LIMITED MR. KATRAGADDA VENKATA MOHANA RAO – EXECUTIVE DIRECTOR – STANDARD ENGINEERING TECHNOLOGY LIMITED MR. YASUYUKI IKEDA – EXECUTIVE DIRECTOR – STANDARD ENGINEERING TECHNOLOGY LIMITED MR. ANJANEYULU PATHURI – CHIEF FINANCIAL OFFICER – STANDARD ENGINEERING TECHNOLOGY LIMITED MR. KASU BRAHMA REDDY – MANAGING DIRECTOR – GSCALE ENERGY PRIVATE LIMITED Page 1 of 12 Standard Engineering Technology Limited November 05, 2026 Moderator: So good evening, everyone and welcome to the Q2 FY27 Earnings Call of Standard Engineering Technology Limited. We have on the call Mr. Nageswara Rao Kandula, Managing Director; Mr. Ramakrishna Kandula, the Executive Director; Mr. Venkata Mohana Rao, Executive Director; Mr. Yasuyuki Ikeda, Executive Director; Mr. Pathuri, the CFO and Mr. Kasu Brahma Reddy, Managing Director of GScale Energy. We must remind you that the discussion on today's call may include certain forward-looking statements and must therefore be viewed in conjunction with the risks that the company faces. I will now request Mr. Nageswara sir to please take us through the financials and the business update, subsequent to which we will open the floor for the question and answer. Thank you, and over to you, sir. Nageswara Kandula: Good evening, everyone. Thank you, Avish. A warm welcome to all our shareholders, investors and analysts, banking partners, customers and the entire Standard Engineering family. I'm very happy to share that Standard Engineering is entering one of the most exciting growth phases in its journey. Our core business is growing strongly. Our capabilities are expanding, and we are seeing excellent opportunities in India and international markets. Let me begin with our financial performance. During Q2 FY '27, we reported total revenue of INR296.6 crores, representing strong year-on-year growth of 62.3%. Our EBITDA increased by 79.7% to INR51.4 crores, supported by strong execution, an expanded product portfolio, healthy customer demand and operating leverage. These benefits were partly offset by higher employee and other operating costs. Profit before tax grew by 41.4% to INR39.2 crores, while profit after tax increased by 37.9% to INR28.2 crores. The lower growth in profit before tax compared with EBITDA reflects the reduction in interest income. Surplus funds that were previously held in fixed deposits were deployed during the quarter towards the acquisition of stakes in GScale Energy Private Limited and GL Hakko Company Limited. Consequently, these funds ceased to earn deposit interest following their deployment. GScale is currently in the preoperative stage and expected to commence operations in December 2026. There is, therefore, an interim period in which interest income has reduced before the investments generate operating contribution. This investment supports our strategy of building additional revenue for long-term growth. For the first half FY '27, total revenue increased by 53% to INR544.3 crores. EBITDA grew 56.5% to INR91 crores. Profit before tax and profit after tax increased by 33.9% and 32.2% to INR75 crores and INR54.9 crores, respectively. The reduction in interest income during Q2 also explains the difference between EBITDA growth and profit growth for the first half. We generated operating cash flow Page 2 of 12 Standard Engineering Technology Limited November 05, 2026 of INR61 crores during the first half, exceeding the INR45 crores generated in the entire previous financial year. These results reflect strong operating performance, improved cash generation and our continued focus on execution and financial discipline. Coming to our core engineering business, I'm pleased to say that our core business is booming. We are transforming Standard Engineering from an equipment manufacturing company to a complete integrated engineering solutions provider for the pharmaceutical, chemical, biotechnology and food industries. Traditionally, customers depend on many specialty companies for different equipment and engineering requirements. At Standard Engineering, we are bringing together a wide range of products and capabilities traditionally offered by nearly 150 specialized engineering companies under one roof. Our vision is very simple. One company, complete engineering solutions from concept development, basic and detailed engineering, equipment manufacturing, installation and commissioning to complete turnkey projects. We want to become the customer's single engineering partner. This business model gives us a strong competitive advantage and creates a significant opportunity for future growth. I'm particularly excited about the pharmaceutical and CDMO sectors. India is becoming an important global manufacturing destination for pharmaceuticals and specialty chemicals. CDMO companies are investing in new manufacturing facilities and expanding their existing facilities and capacities. We have received significant orders from CDMO customers and our visibility for the future orders is very strong. Our discussions with customers are encouraging and our project pipeline continues to grow. We believe this industry will create substantial opportunities for our core engineering business over the coming years. Our international business is another area where we are seeing very positive developments. Export inquiries from the United States and Europe have increased significantly. We are currently in advanced and encouraging discussions with several potential international customers. We see strong opportunities for specialized process equipment, glass-lined equipment and complete engineering solutions. We believe export can become an important growth driver for Standard Engineering. Our ambition is clear. We want Standard Engineering to become a respected global engineering brand. Our partnership with GL Hakko Japan is another important step in our growth journey. We have completed the first phase of our investment by acquiring a 19.19% stake. This partnership will help to strengthen our glass lining technology, research and development and advanced engineering capabilities. Page 3 of 12 Standard Engineering [Showing first 8,000 characters — download PDF for full document]