Standard Engineering Technology Ltd

Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, announced a corrigendum to the notice of its Extraordinary General Meeting scheduled for August 10, 2026, stating that the resolution for the appointment of Mr. Uma Maheswara Rao Kancherla (DIN:11705945) as an Independent Director will now be passed as a Special Resolution, instead of an Ordinary Resolution, in compliance with the Securities and Exchange Board of India (SEBI) regulations.

Standard Engineering Technology Limited announced financial results for the quarter ended June 30, 2026, reporting a total income of Rs 252.2 crore, a 41.5% year-on-year increase, with a profit after tax of Rs 26.7 crore, up 26.6% year-on-year. The company also announced a strategic entry into India's AI Datacenter Infrastructure market through a proposed acquisition of up to 51% equity in GScale Energy Private Limited and 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%. Additionally, the board approved a preferential allotment aggregating approximately Rs 136.5 crore, comprising Rs 71.5 crore through a cash issue to AGI Group Holdings Inc. (Japan) and Monoflus Pte. Ltd. (Singapore), and approximately Rs 65.0 crore through a share swap with Truplusco India LLP.

Standard Engineering Technology Ltd share price gained 1.09% to Rs 278.1 after the company's net profit saw a strong growth of 26.96% to Rs 26.75 crore, while revenue from operations slightly gained 9.27% to Rs 247.69 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 2.9 lakh crore, rising by 13.97%. It has softened by 4.89% over last one week and jumped by 30.23% in last one month while the market capitalization of Standard Engineering Technology Ltd has improved by 3% and 99.21% in the same period respectively. Profit before tax (PBT) of Standard Engineering Technology Ltd stood at Rs 36.03 crore in Q2 FY26, surging by 26.55% year-on-year, and rallying 26.24% quarter-on-quarter. EBITDA came in at Rs 35 crore, expanding by 43.48% YoY and jumping 28.42% sequentially. Total expenses posted a minor rise of 6.77% to Rs 213.03 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 153.54 crore, going up by 11.47% YoY, while employee benefits expense was at Rs 15.44 crore, surging 21.57% YoY. For the TTM ended FY26, revenue from operations grew 12.87% to Rs 613.66 crore, while net profit expanded by 14.40% to Rs 68.65 crore, compared to previous TTM. EBITDA soared by 8964% to Rs 95.11 crore, and PBT rose 17.22% to Rs 93.54 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 5.25 crore in FY26, as against Rs 65.03 crore in FY25. Standard Engineering Technology Ltd surged by 55.19% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.64% during the same period.

Standard Engineering Technology Limited has updated its Extraordinary General Meeting (EGM) notice to reflect adjustments related to the acquisition of GScale Energy Private Limited and a share swap with Truplusco India LLP. The acquisition involves the allotment of 24,39,750 equity shares, while the share swap will see 22,18,431 shares allotted. A minor consideration difference of Rs. 8,248 in the share swap will be settled through banking channels. Updated valuation reports for both GScale Energy and Standard Engineering Technology Limited, along with a Practicing Company Secretary certificate confirming NSE checklist compliance, are available on the company’s website. The revised shareholding patterns, incorporating 6,00,000 outstanding ESOPs, are also reflected in the notice, which is dated August 4, 2026, and signed by Company Secretary Kallam Hima Priya.

Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, announced the completion of the acquisition of 33.55% equity in M/s. GScale Energy Private Limited on July 30, 2026, as previously disclosed, and M/s. GScale Energy Private Limited has become an associate company of Standard Engineering Technology Limited with effect from the same date.

Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, will hold a board meeting on Thursday, August 06, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, the company said in a filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for company directors and designated persons has been closed from Wednesday, July 01, 2026, and will remain closed until Saturday, August 08, 2026.

Standard Enginnering Technology announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 August 2026.

Standard Enginnering Technology will hold a meeting of the Board of Directors of the Company on 11 July 2026.

Standard Engineering Technology (SETL) today announced an equity investment in GL Hakko Co., (GL Hakko) Japan, a manufacturer of glass-lined process equipment. GL Hakko is a member of the AGI Group, which is SETL's technology partner and, as a group, its second-largest shareholder after the promoters. Under the agreement, SETL will make a primary capital infusion of Rs 70 crore (Japanese Yen 1,174 Million) into GL Hakko for an initial 19.19% equity stake, funded from internal accruals, without external debt. SETL also has the right to increase its shareholding by a further 31.88% for Rs 116.7 crore (Japanese Yen 1,978 Million), taking its aggregate holding to 51.07%, over the three years at the same per-share valuation, subject to definitive agreements and applicable regulatory approvals. The investment forms part of SETL's stated objective of becoming India's largest glass-lined equipment manufacturer in FY27, on a manufacturing base of 1.2 million sq ft and more than 400 engineers and thereafter building the leading position in Southeast Asia. GL Hakko will deploy the proceeds towards capital expenditure in the following areas: - Additional capacity for glass-lined shell and tube heat exchangers, a technology GL Hakko has developed over several decades and for which it received Japan's Ichimura Prize in 1987. A new heat exchanger plant at its Nakatsu works is scheduled to begin operations in 2026. SETL and the AGI Group have already introduced this product category to India, with the first glass-lined shell and tube heat exchangers manufactured in the country. The companies estimate the addressable market at roughly Rs 2,000 crore in India and US$2 billion globally. - Equipment for semiconductor-grade chemical processes, including reactors built on GL Hakko's MISS/electro-magnetic stirred systems and its low-leaching, high-corrosion-resistance glass developed for semiconductor-grade wet chemicals. The companies cite projections for this market of US$3.6 to 4.8 billion today, growing to US$6 to 7 billion by the early 2030s. - A clean room for glass-lined equipment assembly, intended to improve contamination control and quality standards, together with broader investment in manufacturing capacity.

Hyderabad-based GScale Energy engaged in the business of providing integrated engineering platform in the data centre engineering and infrastructure solutions sector. SETL proposed to acquire upto 51% shareholding in GScale Energy through a combination of primary capital infusion and a strategic share-swap arrangement with existing shareholders, committing approximately Rs 190 crore for this phase I investment. As part of a broader phased program, SETL has approved a total investment of approximately Rs 500 crore to be deployed across equity acquisition, capacity expansion and working capital for the combined business, entirely self-funded from the company's cash flows. The acquisition is expected to expand SETL's engineering capabilities into rapidly growing AI datacenter sector The company has over a decade of experience in delivering concept-to-commissioning engineering solutions for the pharmaceutical, chemical and biotechnology industries. By combining GScale's specialized datacentre domain expertise with SETL's engineering depth to deliver complete, end-to-end AI Datacenter solutions, from power and cooling infrastructure to precision fabrication, automation, and commissioning. Through newly established AI infrastructure engineering platform, GScale Energy the company's manufacturing operations are expected to commence from November 2026, FY2027 will effectively capture only approximately four months of contribution from this business. During this initial period, management is targeting revenue of about Rs 250 crore from the AI data centre vertical, subject to project execution timelines and customer schedules. For FY2027, SETL expects its existing engineering operations to register revenue growth of around 40-50%, supported by its current order pipeline, customer engagements and ongoing growth initiatives, subject to market conditions and execution outcomes. Nageswara Rao Kandula, managing director, Standard Engineering Technology, said: 'This investment is the natural evolution of everything SETL has built since 2013. The same precision and integrated execution capability that made us a trusted engineering partner to pharma and chemical companies will now power the Datacenters driving the AI revolution. With GScale's domain expertise and Mr. Kasu Brahma Reddy's leadership, we are building a platform to deliver complete, concept-to-commissioning AI Datacenter solutions at scale.' Kasu Brahma Reddy, founder & director of GScale Energy, said: 'Joining hands with SETL is a transformative step for GScale. With SETL's manufacturing scale, financial strength, and engineering depth, we are well positioned to deliver world-class AI Datacenter Engineering solutions for India's next generation of digital infrastructure.' Standard Engineering Technology (SETL) is a precision and multidisciplinary engineering company, providing end-to-end, concept-to-commissioning solutions for the Pharmaceutical, Chemical, Biotechnology, Food Processing, and AI Datacenter industries. The company's consolidated net profit jumped 31.06% to Rs 19.79 crore in Q4 FY26 from Rs 15.10 crore in Q4 FY25. Revenue from operations climbed 36.29% YoY to Rs 226.67 crore in Q4 FY26.Powered by Capital Market - Live