Standard Engineering Technology Ltd

Shareholders at an Extraordinary General Meeting held on August 10, 2026, overwhelmingly approved seven resolutions, according to a report finalized by scrutinizer Y. Ravi Prasada Reddy of RPR & Associates. All resolutions were passed with 100% of votes in favor, including special resolutions related to the issuance of equity shares for a share swap arrangement with Truplusco India LLP and the acquisition of a controlling stake in GScale Energy Private Limited. Other approved measures involved the designation of Yasuyuki Ikeda as an Executive Director, the appointment of Uma Maheswara Rao Kancherla as an Independent Director, and enhancements to limits for creation of charge and borrowings. Voting occurred via remote e-voting and electronic means during the meeting, with no requests for review. Several resolutions were supplemented by corrigendums prior to the meeting to clarify details.

Standard Engineering Technology Limited, formerly known as Standard Glass Lining Limited, held an Extraordinary General Meeting on August 11, 2026, where shareholders approved the issuance of equity shares on a preferential basis to non-promoter investors and a share swap arrangement, as well as several resolutions concerning director appointments, enhancements to borrowing limits, and creation of charges on assets. The meeting, conducted via video conferencing, was attended by 63 members representing 12,023,606 Equity Shares, and the combined voting results, along with a scrutinizer's report, will be submitted to the stock exchanges and posted on the company's website.

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.