Press Release

Date: August 06, 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: Press Release on the Financial Results for the quarter ended June 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find enclosed the Press Release on the Financial Results for the quarter ended June 30, 2026. 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 Reports Strong Q1 FY27 Performance; Advances Strategic Expansion into AI Datacenter Infrastructure and Global Glass-Lining Technology Q1 FY27 Total Income up 41.5% YoY to Rs. 252.2 crore | EBITDA up 27.3% YoY to Rs. 44.1 crore | PAT up 26.6% YoY to Rs. 26.7 crore Thursday, August 06, 2026 (NSE: SETL | BSE: 544333) Standard Engineering Technology Limited (“SETL” or “the Company”), one of India's leading high precision engineering companies, today announced its financial results for the first quarter of FY27, reporting another quarter of record performance alongside two landmark strategic initiatives that mark a decisive step in the Company's transformation into a diversified, technology-led precision engineering platform. The Company delivered robust, broad-based growth across its core engineering business — anchored in pharma and chemical engineering — even as it continued to invest meaningfully in new growth platforms for the future. Alongside this quarter's results, SETL announced its strategic entry into India's fast-emerging AI Datacenter Infrastructure market through the proposed acquisition of up to 51% equity in GScale Energy Private Limited, and deepened its decade-long technology partnership with GL Hakko Co., Ltd. of Japan through a strategic equity investment. Together, these two initiatives extend SETL's footprint into AI infrastructure, advanced glass-lining technologies and semiconductor-linked applications, reinforcing the Company's evolution into a diversified, globally competitive engineering and technology platform. Financial Performance at a Glance — Q1 FY27 TOTAL INCOME EBITDA PROFIT AFTER TAX Rs. 252.2 Cr Rs. 44.1 Cr Rs. 26.7 Cr ▲ 41.5% YoY ▲ 27.3% YoY ▲ 26.6% YoY Strategic and Business Highlights 1. Strategic Entry into AI Datacenter Infrastructure During the quarter, the Company announced its strategic entry into India's AI Datacenter Infrastructure market through the proposed acquisition of up to 51% equity in GScale Energy Private Limited. The transaction establishes a second growth engine for SETL and forms part of an approximately Rs. 500 crore self-funded capital programme to build an integrated AI datacenter engineering and manufacturing platform. The combined platform will deliver end-to-end, mission-critical infrastructure solutions spanning power distribution, backup power systems, liquid and air-cooling infrastructure, prefabricated engineering modules, and turnkey datacenter delivery. By combining GScale's datacenter engineering expertise and customer relationships with SETL's manufacturing capabilities, engineering excellence, and execution platform, the Company is well positioned to address the rapidly increasing localisation requirements of AI and hyperscale datacenter infrastructure in India, while expanding into a large and high-growth engineering market. Onboarding of teams, machinery ordering, design finalisation and construction of the Company's large-scale manufacturing facility for this business are all progressing on schedule, and early engagement with prospective datacenter clients has been highly encouraging, giving management full confidence in the opportunity ahead. 2. Strategic Investment in GL Hakko, Japan During the quarter, the Company strengthened its global technology platform through a strategic investment of Rs. 71.5 crore to acquire an initial 19.19% equity stake in GL Hakko Co., Ltd., Japan, with the right to increase ownership to 51.07% over the 3 years at the same pre-agreed valuation. Founded in 1955, GL Hakko brings over 70 years of expertise in advanced glass-lining technology and has delivered more than 20,000 units globally, establishing itself as a recognised technology leader in the industry. The partnership gives SETL access to proprietary technologies, including conductivity glass, glass-lined shell-and-tube heat exchangers and semiconductor-grade process equipment, meaningfully strengthening the Company's technology portfolio and product differentiation. It also expands SETL's combined addressable market to over US$3.5 billion, while supporting GL Hakko's targeted revenue scale-up to Rs. 400 crore (US$42.0 million) through capacity expansion and manufacturing investment. Building on a technology collaboration between the two companies spanning almost a decade, this investment reinforces SETL's long-term strategy of accelerating growth through technology- led partnerships, enhancing global competitiveness, and expanding into higher-value engineering applications and new international markets. 3. Backing the Vision: Existing Shareholder Increases Investment To support its long-term growth strategy, the Board approved a preferential allotment aggregating approximately Rs. 136.5 crore, comprising Rs. 71.5 crore through a cash issue to strategic investors AGI Group Holdings Inc. (Japan) and Monoflus Pte. Ltd. (Singapore), along with approximately Rs. 65.0 crore through a share swap with Truplusco India LLP as part consideration for the proposed acquisition of a controlling stake in GScale Energy Private Limited. The proposed capital raise is expected to strengthen the Company's balance sheet while facilitating its strategic expansion into AI datacenter infrastructure, subject to shareholders' and requisite regulatory approvals. Key Financial Highlights — Q1 FY27 • Total Income stood at Rs. 252.2 crore, registering 41.5% year-on-year growth • EBITDA came in at Rs. 44.1 crore, up 27.3% year-on-year, with an EBITDA margin of 17.5% • Profit Before Tax (PBT) stood at Rs. 36 crore, reflecting a 26.5% year-on-year increase • Profit After Tax (PAT) stood at Rs. 26.7 crore, up 26.6% year-on-year, with a PAT margin of 10.6% This performance was delivered even as the Company continued to invest in its new growth businesses — GScale and the GL Hakko partnership — underscoring the underlying strength, discipline and cash-generating capacity of SETL's core operations. Two Engines of Growth SETL's growth strategy rests on two engines running in parallel. The first is the Company's core engineering business — already strong and proven — which is expected to grow 40–50% this year to reach approximately Rs. 1,200 crore. The second is GScale, the Company's new AI Datacenter Infrastructure business, which is expected to contribute approximately Rs. 250 crore this year. Together, the two engines position SETL to compound growth at scale while diversifying its long-term revenue base. Management Commentary Mr. Nageswara Rao Kandula, Managing Director, said: “We have started FY27 on a strong note. This has been another record quart [Showing first 8,000 characters — download PDF for full document]