Standard glass lining technology promoter Ramakrishna Kandula has disclosed the creation of a pledge on equity shares under SEBI regulations. The disclosure pertains to the encumbrance of 37,21,804 equity shares representing 1.86% of the company's total share capital.

Pledge Details and Distribution

The pledge was created on January 09, 2026, with the shares distributed among three financial institutions. The encumbrance covers personal borrowing requirements and has been structured across multiple lenders.

Lender-wise Share Distribution

The pledged shares have been allocated among three financial institutions based on their respective lending arrangements. Each institution holds a specific portion of the total pledged shares.

Promoter Shareholding Impact

Ramakrishna Kandula holds 4,40,64,000 equity shares in Standard Engineering Technology Limited, representing 22.09% of the total share capital. The current pledge represents 3.08% of his total promoter shareholding.

Financial and Security Details

The value of pledged shares on the date of the event was ₹51,88,19,478.00, while the amount involved against which shares have been encumbered is ₹110,00,00,000.00. The disclosure indicates that these shares have been additionally pledged solely to cover margin shortfall requirements.

Regulatory Compliance

The disclosure was made under Regulation 31(1) read with Regulation 28(3) of SEBI Takeover Code and Regulation 30 of SEBI Listing Obligations and Disclosures Requirements Regulations, 2015. The company is listed on both BSE Limited (Scrip Code: 544333) and National Stock Exchange of India Limited (Symbol: SGLTL).

Source:

Standard Glass Lining Technology Limited has completed its regulatory compliance process following the name change to Standard Engineering Technology Limited, with the company receiving a revised CA certificate on January 08, 2026, as required under SEBI Regulations 30 and 45. This follows the MCA approval received on December 29, 2025, for the corporate transformation that began with overwhelming shareholder approval through postal ballot on December 14, 2025.

Revised CA Certificate Compliance

The company has obtained the revised CA certificate from M S K A & Associates, Chartered Accountants, pursuant to NSE's requirement dated January 05, 2026. The certificate confirms compliance with three key regulatory conditions under SEBI LODR Regulations.

MCA Approval and Corporate Transformation

The company received official approval from the Registrar of Companies, Central Processing Centre, Ministry of Corporate Affairs (MCA) for its name change to Standard Engineering Technology Limited, effective December 29, 2025. The Certificate of Incorporation pursuant to change of name has been issued by MCA, making the transformation legally effective.

Shareholder Approval and Voting Results

The transformation was initiated through a comprehensive postal ballot process conducted from November 15, 2025 to December 14, 2025, with 258 members participating in the remote e-voting facilitated by National Securities Depository Limited (NSDL). The company name change received 99.99% approval with 15,58,78,972 votes in favour out of 15,58,83,808 total votes polled.

Enhanced Business Scope

The approved amendments to the Main Objects Clause III(A) of the Memorandum of Association reflect the company's expanded business activities beyond glass-lined equipment manufacturing. The revised scope encompasses advanced engineering and manufacturing for pharmaceutical, chemical, food, beverages, nuclear, power, refinery, petrochemical, semiconductor, and allied industries, along with detailed engineering services across multiple disciplines and strategic alliances for technology transfer and innovation.

Corporate Communication and Compliance

The official intimation regarding the revised CA certificate was signed by Kallam Hima Priya, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited on January 08, 2026. The company maintains its registered office at D-12, Phase-I, IDA Jeedimetla, Hyderabad-500055, with corporate office at 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad-500085.