BSECompany Update4d ago · 25 Aug 2026, 09:25 pm
Please see annexed enclosure
Standard Engineering Technology Ltd · 544333
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Standard Engineering Technology Ltd has held an Extra-Ordinary General Meeting (EGM) on August 10, 2026, through Video Conferencing, where Special Resolutions No. 1 and 2 were transacted, including the issuance of 24,39,750 equity shares on a preferential basis to non-promoter investors and 22,18,431 equity shares pursuant to the Share Swap Agreement.
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Standard Engineering Technology Ltd - 544333 - Announcement Under Regulation 30 (LODR)
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Date: August 25, 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: Submission of Clarifications and Disclosures regarding amendments to the Notice of 01/2026-27 Extra -
Ordinary General Meeting - Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015
Ref:1. Notice of EGM No. 01/2026-27 dated July 11, 2026 ("EGM Notice")
2. Corrigendum to the EGM Notice dated August 4, 2026 ("Corrigendum")
3. Observations/clarifications received from National Stock Exchange of India Limited ("NSE"/"Stock
Exchange") on the EGM Notice and the Corrigendum, in connection with the in-principle approval
application(s) filed for the proposed preferential issue
1. Outcome of the EGM
This is further to our above-referenced intimations. We wish to inform you that the Extra-Ordinary General
Meeting (EGM No. 01/2026-27) of the Members of Standard Engineering Technology Limited (formerly known as
Standard Glass Lining Technology Limited) ("Company") was held on Monday, August 10, 2026, through Video
Conferencing ("VC")/Other Audio-Visual Means ("OAVM"), at which the business set out in the EGM Notice, as
amended/supplemented by the Corrigendum, including, inter alia:
Special Resolution No. 1: Issuance of 24,39,750 equity shares of the Company on a preferential basis to non-
promoter investors, for cash consideration; and Special Resolution No. 2: Issuance of 22,18,431 equity shares of
the Company on a preferential basis pursuant to the Share Swap Agreement, for consideration other than cash, was
transacted and the resolutions set out therein were considered by the Members through remote e-voting and e-
voting at the EGM, in terms of Section 108 of the Companies Act, 2013 read with the applicable Rules. The voting
results of the EGM, together with the Scrutinizer's Report, are being/have been submitted separately in terms of
Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations").
2. Amendment Agreement dated August 24, 2026 to the Share Swap Agreement
Pursuant to Regulation 30(6) of the SEBI Listing Regulations read with Para A of Part A of Schedule III thereto
and the SEBI Master Circular for compliance with the provisions of the SEBI Listing Regulations by listed entities,
we wish to inform you that the Company and Truplusco India LLP have executed an Amendment Agreement dated
August 24, 2026 amending the Share Swap Agreement dated July 11, 2026, so as to revise the non-cash
consideration payable thereunder from Rs. 65,00,00,283 to Rs. 64,99,92,079 and, correspondingly, the number of
equity shares of the Company proposed to be issued and allotted thereunder from 22,18,431 to 22,18,403.
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
The particulars required to be disclosed in respect of the Amendment Agreement are set out in Annexure II to this
letter. Save as set out therein, all other terms and conditions of the Share Swap Agreement dated July 11, 2026
remain unchanged and continue in full force and effect.
3. Clarifications pursuant to observations received from NSE
Subsequent to the issuance of the EGM Notice and the Corrigendum, and in connection with the Company's
application(s) for in-principle approval to the proposed preferential issue under Special Resolution Nos. 1 and 2 of
the EGM Notice, the Company received certain observations/clarifications from NSE. In order to ensure complete,
accurate and updated disclosure to the Members and the Stock Exchanges, the Company hereby furnishes the
following clarifications, which shall be read along with, and as forming an integral part of, the EGM Notice and the
Corrigendum:
A. Clarifications on the Explanatory Statement to the EGM Notice under Special Resolution No. 1:
(i) Point no. 7 – Inadvertent reference to "warrants" under Special Resolution No. 1
The reference to "Warrants Issue Price" appearing in point no. 7 (Basis on which the price has been arrived at and
justification for the price, including premium, if any) of the Explanatory Statement to Special Resolution No. 1 of
the EGM Notice was inadvertent and is a typographical error. The correct reference is to the "Equity Shares Issue
Price". The Company confirms that no warrants have been, or are proposed to be issued pursuant to the EGM
Notice/Corrigendum. The entire preferential issue under Special Resolution Nos. 1 and 2 comprises only equity
shares of the Company.
(ii) Point no. 10 – Pre- and post-issue shareholding of the Proposed Allottees under Special Resolution No. 1
It is clarified and confirmed that:
1. the pre-issue shareholding of the Proposed Allottees disclosed at point no. 10 of the Explanatory Statement is
computed on a non-diluted basis, i.e., with reference to the paid-up equity share capital of the Company of
19,94,91,662 equity shares as on the relevant date, without considering the outstanding ESOP grants; and
2. the post-issue shareholding of the Proposed Allottees is computed on a fully diluted basis, after taking into
account the 6,00,000 outstanding ESOP grants and the 24,39,750 equity shares proposed to be allotted under
Special Resolution No.1 and 22,18,403 equity shares proposed to be allotted under Special Resolution no.2 1
(i.e., on an expanded capital of 20,47,49,815 equity shares The Company further confirms that, as on date,
there are no outstanding bonus shares, convertible securities or other instruments that would result in any
further dilution, other than the aforesaid outstanding ESOP grants. The revised pre- and post-issue holding of
the Proposed Allottees under Special Resolution No. 1, on the above basis, is set out below (in supersession of
the corresponding table at point no. 10 of the Explanatory Statement/Corrigendum):
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
Pre-issue holding Equity Shares Post-issue holding
Name of the
Category PAN (No. of shares & %) proposed to be (No. of shares & %)*
Proposed Allottee
— Non-Diluted allotted — Fully Diluted
AGI Group
Non-Promoter ABFCA8697L Nil 22,77,100 22,77,100 (1.11%)
Holdings Inc.
Monoflus Pte. Ltd. Non-Promoter AAVCM0483H 71,70,000 (3.59%) 1,62,650 73,32,650 (3.58%)
*Post-issue shareholding percentage is computed on the post-issue fully diluted capital of 20,47,49,815 equity shares (i.e., 19,94,91,662 non-
diluted pre-issue equity shares + 6,00,000 outstanding ESOP grants + 24,39,750 equity shares proposed to be allotted under Item No. 1 and
22,18,403 equity shares proposed to be allotted under item no.2).
(iii) Point no. 13 – Shareholding pattern of the Company before and after the Preferential Issue
The consolidated and rectified shareholding pattern of the Company — combining the effect of the preferential
issue for cash consideration under Special Resolution No. 1 and the preferential issue for consideration other than
cash under Special Resolution No. 2, together with
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