Standard Glass Lining Technology Limited (SGLTL) has announced a significant move to strengthen its market presence in the critical process industries. The company has entered into an agreement to acquire a 51% stake in C2C Engineering Private Limited for 122.4 million rupees, marking a strategic expansion of its business portfolio.

Acquisition Details

SGLTL disclosed the following key details about the acquisition:

About C2C Engineering

C2C Engineering, incorporated on August 24, 2020, specializes in providing design and detailed engineering services, as well as undertaking Engineering, Procurement, Construction (EPC) contracts. The company caters to clients in various industries, including pharmaceuticals, chemicals, food, tyre, and paints.

Financial Overview of C2C Engineering

The target company has shown varying financial performance over the past three years:

Strategic Rationale

SGLTL's decision to acquire C2C Engineering aligns with its growth strategy, aimed at:

1. Business expansion
2. Diversification of services
3. Strengthening market presence in providing end-to-end solutions for critical process industries

The company expects this acquisition to yield synergistic benefits, including:

• Faster project execution
• Enhanced innovation capabilities
• Improved quality and competitiveness

Regulatory Compliance

SGLTL has confirmed that the acquisition does not fall under related party transactions, and no governmental or regulatory approvals are required for the deal.

Future Outlook

Upon successful completion of the acquisition, C2C Engineering will become a subsidiary of Standard Glass Lining Technology Limited. This move is expected to bolster SGLTL's position in the market and potentially drive growth in its core business areas.

As the critical process industries continue to evolve, this strategic acquisition positions SGLTL to offer more comprehensive solutions to its clients, potentially opening up new revenue streams and market opportunities.

Investors and industry observers will be keenly watching how this acquisition unfolds and its impact on SGLTL's future performance in the competitive landscape of engineering and process industries.

Standard Glass Lining Technology Limited (SGLTL) has announced that its subsidiary, Standard Scigenics Private Limited, has entered into definitive agreements to acquire the business of Scigenics (India) Private Limited as a going concern on a slump sale basis. The acquisition, valued at Rs 9 crore in cash consideration, was announced on October 31, 2025.

Acquisition Details

The key details of the acquisition are as follows:

About Scigenics India

Scigenics (India) Private Limited, incorporated in December 1991 and based in Tamil Nadu, specializes in manufacturing process equipment and machinery for various industries, including:

• Biotechnology
• Biologics
• Chemical
• Industrial processes

The company's financial performance over the past three years is as follows:

Strategic Implications

The acquisition aims to strengthen Standard Glass Lining Technology's product portfolio and expand its market footprint. This move reflects the company's commitment to growth and innovation in the engineering products sector.

Governance Structure

Post-acquisition, the board structure of Standard Scigenics Private Limited will include:

• 3 directors nominated by Standard Glass Lining Technology Limited
• 2 existing directors from Scigenics India:
  • Mr. Shanmuga Sundaram Muthuswamy as Managing Director
  • Ms. R Nandhini as Director

Regulatory Compliance

The transaction is not classified as a related party transaction and is subject to the fulfillment of conditions precedent as per the definitive agreements. The acquisition is expected to be completed after meeting these conditions.

Standard Glass Lining Technology Limited has made the necessary disclosures to the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by Standard Glass Lining Technology Limited through its subsidiary signals its intent to diversify its product range and strengthen its position in the engineering products market.