Outcome of Board Meeting

Date: July 06, 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: Outcome of the Board Meeting – July 06, 2026 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”), we wish to inform you that the Board of Directors (the “Board”) of Standard Engineering Technology Limited (formerly known as Standard Glass Lining Technology Limited) (the “Company”), at its meeting held today, i.e., Monday, July 06, 2026, has, inter alia, approved a strategic investment in M/s. GL HAKKO Co., Ltd., Japan (the “Target Company”), a company engaged in the business of designing and manufacturing glass-lined and specialized process equipment for the pharmaceutical, chemical and semiconductor-chemical industries, as detailed below in a phased manner: • Phase I: Subscription of up to 19.19% of the issued and paid-up equity share capital of the Target Company. • Phase II: Subscription of an additional stake of up to 31.88% in the Target Company within three years from the date of the completion of phase I and subject to receipt of the requisite regulatory, governmental and other applicable approvals, and fulfilment of the agreed conditions precedent. Upon completion of Phase II, the Company's aggregate shareholding in the Target Company shall increase up to 51.07%. The Company will enter into a Shareholders' Agreement ("SHA") and a Share Subscription Agreement ("SSA") with the Target Company and its existing shareholders. Completion of the proposed investment shall be subject to the fulfilment of the applicable conditions precedent and satisfaction of the terms and conditions set out in the SSA, the SHA and the other transaction documents. The detailed disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as ‘Annexure I’. The Board Meeting commenced at 5:00 PM. and concluded at 5:28 PM. 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 ANNEXURE A Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Pursuant to SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026): S. No. Particulars Description 1. Name of the Target Company, details in M/s. GL HAKKO Co., Ltd. (Registration Number: 3200-01-011157) brief such as size, turnover, etc. Registered Office: 1136, Korenori, Nakatsu-shi, Oita, 8710003, Japan The Target Company is engaged in the business of designing and manufacturing glass-lined and specialized process equipment for the pharmaceutical, chemical and semiconductor-chemical industries. The turnover for the last three financial years of the Target Company: Financial Year Turnover (Yen. In Turnover (INR in Million) Million) 2023-24 3,025 1,785 2024-25 2,590 1,528 2025-26 3,226 1,904 All the above numbers provided in this document are as per Japanese GAAP. 2. Whether the acquisition would fall Yes. The proposed acquisition constitutes a Related Party Transaction. within related party transaction(s) and Mr. Yasuyuki Ikeda, Additional Executive Director of the Company, is whether the promoter/ promoter group/ interested in the transaction. The transaction is proposed to be group companies have any interest in undertaken on an arm's length basis. Except as mentioned above, the the entity being acquired? If yes, nature Promoter/Promoter Group/ Group Companies of the Company have no of interest and details thereof and interest in the Target Company whether the same is done at “arm’s length” 3. Industry to which the entity being Process Engineering Equipment acquired belongs 4. Objects and impact of acquisition To strengthen the Company’s technological capabilities and expand its (including but not limited to, disclosure global product portfolio by leveraging GL HAKKO's proprietary glass- of reasons for acquisition of target lining technologies, including Shell and Tube Glass-Lining, entity, if its business is outside the main Conductivity Glass-Lined, MIZ for semiconductor-grade chemical line of business of the listed entity) reactors, and High-Temperature Glass-Lining Technology. 5. Brief details of any governmental or Subject to obtaining approval under Foreign Exchange and Foreign regulatory approvals required for the Trade Act (FEFTA) in Japan and other regulatory approvals. acquisition 6. Indicative time period for completion of Within 30 days from the date of agreement, subject to the fulfilment of the acquisition the conditions as per SSA. 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 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the price at Phase I: Subscription of up to 19.19% of the issued and paid-up equity which the shares are acquired share capital of the Target Company for an amount of Japanese Yen 1,174 Million (Approx INR 693 Million) Phase II: Subscription of an additional stake of up to 31.88% in the Target Company during the year 2028, subject to receipt of the requisite regulatory, governmental and other applicable approvals Japanese Yen 1,978 Million (Approx INR 1,167 Million) 9. Percentage of shareholding/control Phase I: Acquisition of an initial 19.19% equity stake in GL HAKKO acquired and/or number of shares Company Limited. acquired Phase II: Acquisition of an additional 31.88% equity stake in GL HAKKO Company Limited, which would increase its aggregate shareholding to 51.07%. 10. Brief background about the entity M/s. GL HAKKO Co., Ltd. (Registration Number: 3200-01-011157), acquired in terms of products/line of incorporated on June 17, 1955, in Japan and is engaged in the business business acquired, date of of designing and manufacturing glass-lined and specialized process incorporation, history of last 3 years equipment for the pharmaceutical, chemical and semiconductor- turnover, country in which the acquired chemical industries. The turnover for the last three financial years of entity has presence and any other the Target Company: significant information (in brief) Financial Year Turnover (Yen. In Turnover (INR in Million) Million) 2023-24 3,025 1,785 2024-25 2,590 1,528 2025-26 3,226 1,904 All the above numbers provided in this document are as per Japanese GAAP. The Target Company has an established presence in Japan, China, Thailand, the United States, Europe and Southeast Asia providi [Showing first 8,000 characters — download PDF for full document]