Standard Glass Lining Technology Limited has successfully completed its postal ballot process, with all six special resolutions receiving overwhelming shareholder approval through remote e-voting on December 14, 2025. The company announced comprehensive amendments to its Memorandum of Association (MOA) and Articles of Association (AOA), including a significant name change to Standard Engineering Technology Limited.

Corporate Identity Transformation

The most significant development involves the company's name change from Standard Glass Lining Technology Limited to Standard Engineering Technology Limited. This transformation reflects the company's evolution from its original focus on glass-lined equipment manufacturing to a diversified business encompassing advanced engineering, high-precision fabrication, process technology, and turnkey project solutions across multiple industries.

Voting Process and Participation

The remote e-voting process was conducted from November 15, 2025 to December 14, 2025, facilitated by National Securities Depository Limited (NSDL) as the service provider. A total of 258 members participated in the electronic voting process, with votes being reckoned in proportion to the paid-up value of shares held as of the cut-off date of November 7, 2025.

Resolution-wise Voting Results

All six special resolutions were approved with requisite majority, demonstrating strong shareholder support across all proposed measures:

Employee Stock Option Related Resolutions

Corporate Governance Resolutions

Enhanced Business Scope and MOA Amendments

The shareholders approved significant amendments to the Main Objects Clause III(A) of the Memorandum of Association to reflect the company's expanded business activities. The revised clause now encompasses three new sub-clauses covering:

Advanced Engineering and Manufacturing: The company will engage in high-precision and advanced engineering, process and project technology, equipment manufacturing for pharmaceutical, chemical, food, beverages, nuclear, power, refinery, petrochemical, semiconductor, and allied industries.

Detailed Engineering Services: Coverage of all engineering disciplines including mechanical, piping, civil, cleanroom, electrical, instrumentation, automation, and control systems, along with laboratory and utility infrastructure development.

Strategic Alliances and Technology Transfer: Establishment of collaborations for technology transfer, innovation, research development, and global expansion, particularly in high-technology and clean-energy sectors including nuclear, hydrogen, solar, and waste-to-energy.

Regulatory Compliance and Documentation

The postal ballot process was conducted under the supervision of Y. Ravi Prasada Reddy, Practicing Company Secretary and Proprietor of RPR Associates, who served as the appointed scrutinizer. The process adhered to all applicable provisions of the Companies Act, 2013, SEBI regulations, and MCA circulars related to electronic voting procedures. The company has notified both BSE Limited and National Stock Exchange of India Limited about these amendments in compliance with Regulation 30 of the SEBI Listing Regulations.

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.