Standard Glass Lining Technology Limited (SGLTL) has announced the incorporation of a new subsidiary, Standard Scigenics Private Limited, marking a strategic expansion into specialized manufacturing sectors. The move, disclosed in a regulatory filing, aims to broaden SGLTL's footprint in the production of critical equipment for various high-tech industries.

Key Details of the New Subsidiary

| Aspect | Details | |:----------------------|:---------------------------------------------------------------------------|| | Name | Standard Scigenics Private Limited | | Incorporation Date | September 16, 2025 | | Registered Office | D-12, Phase-I, IDA Jeedimetla, Tirumalagiri, Hyderabad -500055, Telangana | | Authorized Share Capital | Rs. 10.00 lakh | | SGLTL's Shareholding | 51.00% |

Strategic Focus

The newly formed subsidiary will concentrate on designing, developing, assembling, and supplying upstream and downstream process equipment and machinery. Its target industries include:

• Biotechnology
• Biologics
• Chemical
• Pharmaceutical
• Pollution control
• Industrial processes

This diversification is expected to strengthen SGLTL's position in the manufacturing sector, particularly in areas requiring specialized equipment.

Financial and Regulatory Aspects

• The initial capital subscription was made in cash by SGLTL.
• The incorporation does not fall under related party transactions.
• No governmental or regulatory approvals were required for this incorporation.

Market Implications

The establishment of Standard Scigenics Private Limited could potentially open new revenue streams for SGLTL. By entering into the manufacturing of specialized equipment for biotechnology and pharmaceutical industries, among others, SGLTL is positioning itself to benefit from the growth in these sectors.

Investors and market watchers will likely keep a close eye on how this new subsidiary impacts SGLTL's overall business strategy and financial performance in the coming quarters.

Standard Glass Lining Technology Limited (SGLTL), a leading manufacturer in the glass lining industry, has taken a significant step in aligning its corporate governance structure with its post-IPO status. During the company's 13th Annual General Meeting (AGM) held on September 12, 2025, shareholders approved a special resolution to alter the Articles of Association, specifically removing provisions that were relevant only in the pre-IPO phase.

Key Changes to Articles of Association

The alteration primarily involved the deletion of Part B of the Articles of Association in its entirety. This section contained various provisions stemming from pre-IPO shareholders' and investors' agreements, including:

• Board representation rights
• Affirmative voting rights
• Transfer restrictions

Rationale for the Change

The company's Board of Directors recommended this deletion for several reasons:

1. Alignment with Current Status: The pre-IPO agreement ceased to be effective upon SGLTL's listing on the BSE and NSE.
2. Compliance: The move ensures alignment with applicable laws and regulations for publicly listed companies.
3. Governance Framework: It reflects the current governance structure of the company as a listed entity.
4. Business Requirements: The deletion adapts the Articles to the company's present business needs and operational context.

Shareholder Approval

The special resolution for this alteration was passed with an overwhelming majority. According to the scrutinizer's report:

Implications for Investors

This change signifies SGLTL's transition to a fully public company structure, potentially offering:

1. Enhanced Transparency: Removal of special rights aligns all shareholders more closely.
2. Simplified Governance: A more streamlined decision-making process without pre-IPO constraints.
3. Flexibility: Increased adaptability to market conditions and corporate strategies.

Company's Statement

Kallam Hima Priya, Company Secretary & Compliance Officer of SGLTL, stated in the regulatory filing, "The shareholders approved the deletion by passing a special resolution. This alteration aligns our Articles of Association with the applicable laws, current governance framework, and business requirements."

The move by Standard Glass Lining Technology Limited demonstrates its commitment to evolving its corporate structure in line with its public company status, potentially setting the stage for more agile operations and governance in the future.