Standard Engineering Technology Limited has completed the allotment of 24,39,750 fully paid-up equity shares on a preferential basis, raising ₹71.48 crore in fresh capital.

The allotment was executed following the Board of Directors' meeting held on October 16, 2026. The company issued these shares at a price of ₹293 per share, which includes a premium of ₹283 over the face value of ₹10. This transaction follows the Special Resolution passed by members in August 2026 and subsequent in-principle approvals from BSE and NSE.

Investor Allocation Details

The preferential issue was directed toward two non-promoter investors: AGI Group Holdings Inc. and Monoflus Pte. Ltd. AGI Group, which previously held no stake in the company, acquired the majority of the new shares, while Monoflus increased its existing holding.

The newly allotted shares rank pari passu with the existing equity shares of the company. Both investors are subject to lock-in periods as specified under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance

The company informed both stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 10:00 am and concluded at 10:16 am on October 16, 2026. Standard Engineering Technology Limited will now apply for listing and trading approval for the said shares.

What the Numbers Show

The data reveals a slight dilution effect on Monoflus Pte. Ltd.'s ownership percentage despite their additional investment. While Monoflus increased its absolute share count from 71,70,000 to 73,32,650, its percentage holding dipped marginally from 3.59% to 3.58% due to the larger volume of shares allotted to AGI Group. Conversely, AGI Group’s entry establishes it as a significant minority shareholder with a 1.11% stake immediately post-allotment.

Standard Engineering Technology Limited has received in-principle approval from BSE and NSE for a preferential issue of 24,39,750 equity shares at ₹293 per share.

The allotment will be made to two non-promoter entities: AGI Group Holdings Inc. and Monoflus Pte. Ltd. The company, formerly known as Standard Glass Lining Technology Limited, issued the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Allotment details

The preferential issue involves fully paid-up equity shares with a face value of ₹10 each. The issue price includes a premium of ₹283 per share. The total consideration is expected to be received in cash from the proposed allottees.

Regulatory conditions

Both exchanges granted the approval subject to strict compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations). The company must ensure that the allottees do not engage in intra-day trading or sell the scrip until the allotment date.

The company is required to obtain undertakings from the allottees confirming this restriction. Failure to comply with these provisions may impact the listing of the new shares. Additionally, the company must file the listing application within twenty days from the date of allotment.

Next steps

The allotment will proceed upon receipt of the requisite consideration. The company must separately apply for listing and comply with all post-issue formalities as mandated by the exchanges and SEBI.