BSECompany Update4d ago · 25 Aug 2026, 09:25 pm

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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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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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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 [Showing first 8,000 characters — download PDF for full document]