Standard Engineering Technology Limited has submitted copies of newspaper advertisements published in Financial Express and Nava Telangana regarding the Extra Ordinary General Meeting scheduled on August 10, 2026. The meeting seeks shareholder approval for the preferential allotment of 46.58 lakh equity shares. The board, meeting on July 11, 2026, sanctioned the issuance of 24,39,750 shares for cash at ₹293 per share, including a premium of ₹283, to AGI Group Holdings Inc and Monoflus Pte. Ltd. Additionally, 22,18,431 shares will be allotted to Truplusco India LLP for consideration other than cash pursuant to a share swap agreement related to the acquisition of GScale Energy Private Limited.

The issuance is determined under Regulation 166A read with Regulation 165 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The preferential allotment to Truplusco India LLP is part of a strategy to acquire a controlling stake in GScale Energy Private Limited, where the company will hold a 17.45% stake post-execution. The board also approved increasing limits for creating charges on assets under Section 180(1)(a) and 180(1)(c) of the Companies Act, 2013, and limits for inter-corporate loans and investments under Section 186, subject to shareholder approval via special resolution.

To facilitate these proposals, the board has called an Extra Ordinary General Meeting on Monday, August 10, 2026, at 11 AM IST through Video Conferencing. The register of members and share transfer books will remain closed from August 07, 2026, to August 09, 2026. The record date for the EGM has been fixed as August 03, 2026. The meeting was intimated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has engaged the services of National Securities Depository Limited (NSDL) for providing remote e-voting facilities. Remote e-voting commences on Friday, August 07, 2026, at 09:00 a.m. IST and concludes on Sunday, August 09, 2026, at 5:00 p.m. IST. The cut-off date for determining eligibility for remote e-voting is Monday, August 03, 2026. Members who have already cast their vote through remote e-voting may attend the EGM but shall not be entitled to cast their vote again.

The Board has appointed Mr. Y Ravi Prasada Reddy, Proprietor of M/s. RPR & Associates, as the Scrutinizer for conducting the EGM through e-voting process. The results shall be declared on Tuesday, August 11, 2026, and communicated to the Stock Exchanges. The company’s Trading Window remains closed until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. The intimation was signed by Kallam Hima Priya, Company Secretary & Compliance Officer.

Standard Engineering Technology Limited has invested ₹70 Crores (Japanese Yen 1,174 million) to acquire a 19.19% equity stake in GL HAKKO Co., Ltd., a Japan-based manufacturer of glass-lined process equipment. The strategic investment, funded through internal accruals, aims to enhance technological capabilities and expand the global product portfolio. The company also secured the right to acquire an additional 31.88% stake for ₹116.7 Crores (Japanese Yen 1,978 million) within three years, which would increase its aggregate shareholding to 51.07%. This move supports Standard Engineering Technology's objective of becoming India's largest glass-lined equipment manufacturer in FY27.

The transaction constitutes a Related Party Transaction as Mr. Yasuyuki Ikeda, Additional Executive Director and Chief Executive Officer of the AGI Group, is interested in the deal. GL HAKKO is a member of the AGI Group, which is Standard Engineering Technology's technology partner and second-largest shareholder. The investment will be executed on an arm's length basis and is subject to regulatory approvals, including those under the Foreign Exchange and Foreign Trade Act (FEFTA) in Japan.

GL HAKKO will deploy the proceeds towards capital expenditure for glass-lined shell and tube heat exchangers, semiconductor-grade process equipment, and a clean room for equipment assembly. The company estimates the addressable market for core glass-lined equipment at ₹1,400 to 1,800 crore in India and US$2.0 to 2.5 billion globally. The semiconductor-grade chemical process equipment market is projected to grow from US$3.6 to 4.8 billion to US$6 to 7 billion by the early 2030s.

Financial Performance of GL HAKKO Co., Ltd.

Under the partnership, Standard Engineering Technology will focus on pilot-plant-to-main-plant scale-up and commercial deployment, while the AGI Group will lead R&D and equipment engineering. The companies intend to combine their sales networks to offer solutions ranging from lab-scale R&D equipment to full-scale turnkey plant delivery. GL HAKKO, incorporated in 1955, has delivered more than 20,000 units to pharmaceutical, chemical, and semiconductor-chemical customers.