Standard Glass Lining Technology Limited has 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. This marks the completion of the corporate transformation process that began with overwhelming shareholder approval through postal ballot on December 14, 2025.

MCA Approval and Regulatory Compliance

The company has formally notified BSE Limited and National Stock Exchange of India Limited about the approved name change under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The Certificate of Incorporation pursuant to change of name has been issued by MCA, making the transformation legally effective.

Postal Ballot Process and Shareholder Approval

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). All six special resolutions received overwhelming approval, demonstrating strong shareholder support for the corporate restructuring.

Key Resolution Approvals

The shareholders approved all proposed measures with requisite majority, including the company name change which received 99.99% approval with 15,58,78,972 votes in favour out of 15,58,83,808 total votes polled. The Objects Clause Amendment also secured 99.99% approval with 15,58,78,912 votes in favour.

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

The official intimation was signed by Kallam Hima Priya, Company Secretary & Compliance Officer, and submitted to both stock exchanges on December 29, 2025. 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.

Standard Glass Lining Technology Limited (SGLTL) has successfully finalized its acquisition of a majority stake in C2C Engineering Private Limited, marking a significant corporate move. The company announced the completion of the transaction on November 19, 2025, following the execution of necessary agreements and the transfer of purchase consideration.

Key Highlights of the Acquisition

• Stake Acquired: SGLTL has acquired a 51% shareholding in C2C Engineering Private Limited.
• Effective Date: The acquisition was completed on November 19, 2025.
• Transaction Details: The purchase consideration has been remitted to the existing shareholders of C2C Engineering as per the Share Purchase Agreement (SPA) executed on November 14, 2025.
• Governance Framework: A Shareholders' Agreement (SHA) was executed on the completion date, formalizing the post-acquisition governance structure.

Impact and Implications

• Subsidiary Status: With this acquisition, C2C Engineering Private Limited has become a subsidiary of Standard Glass Lining Technology Limited.
• Board Control: SGLTL now holds significant influence over C2C Engineering's board, with the right to nominate three out of five directors.
• Management Continuity: Mr. Raghavan Nambi will continue as the Managing Director of C2C Engineering, while Mr. Ramarao Ravindran will serve as a Director.

Governance and Shareholding Structure

Regulatory Compliance

SGLTL has affirmed its commitment to complete all necessary post-acquisition filings under the Companies Act, 2013, including ROC filings, within the stipulated statutory timelines. The company has also made the required disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic acquisition by Standard Glass Lining Technology Limited is expected to strengthen its market position and potentially create synergies between the two companies. Investors and stakeholders will be keenly watching how this acquisition impacts SGLTL's future growth and operational capabilities in the coming months.