Sejal Glass Limited (SGL) has announced a significant business development, entering into a strategic agreement with Saint-Gobain India Private Limited (SGIPL). This move is expected to strengthen Sejal Glass's position in the high-performance glass market and potentially boost its manufacturing capabilities.

Key Highlights of the Agreement

• Nature of the Deal: Propel Project Participation Agreement
• Scope: Exclusive purchase of high-performance glass products from SGIPL
• Objective: Manufacturing and supply to customers and end-users

Strategic Implications

The partnership with Saint-Gobain India, a renowned name in the glass industry, presents several potential benefits for Sejal Glass:

1. Enhanced Product Portfolio: Access to SGIPL's advanced range of glasses
2. Technical Expertise: SGIPL to provide training and guidance to improve production efficiency
3. Market Expansion: Opportunity to participate in high-end performance glass projects
4. Preferred Partner Status: SGIPL to recommend Sejal Glass for future projects

Financial Aspects

While specific financial terms were not disclosed, the agreement stipulates that Sejal Glass will make payments against invoices raised by SGIPL for the supplied products.

Corporate Guarantee Update

In a separate but noteworthy development, Sejal Glass has also extended a corporate guarantee for its material subsidiary, Sejal Glass and Glass Manufacturing Products LLC. The guarantee, amounting to AED 10 million, is to facilitate credit facilities from Bank of Baroda, UAE.

Market Implications

This strategic move by Sejal Glass could potentially enhance its competitive edge in the specialized glass market. The collaboration with a global leader like Saint-Gobain may open up new avenues for growth and technological advancement in the Indian glass industry.

Investors and market watchers will likely keep a close eye on how this partnership unfolds and its impact on Sejal Glass's market position and financial performance in the coming quarters.

Sejal Glass Limited has issued a clarification regarding its preferential issue of equity shares and convertible warrants, amending its earlier position on the applicability of SEBI ICDR Regulation 166A. This development comes in response to a query from the National Stock Exchange of India (NSE).

Initial Statement and Subsequent Amendment

Initially, in its postal ballot notice dated September 15, 2025, Sejal Glass stated that SEBI ICDR Regulation 166A was not applicable to its preferential issue. The company's original position was based on the assumption that the allotment would not exceed 5% of the post-issue fully diluted share capital.

However, following the NSE query, Sejal Glass has revised its stance. The company now acknowledges that the preferential issue will result in an allotment exceeding 5% of the post-issue fully diluted share capital, thus necessitating compliance with Regulation 166A.

Compliance Measures Taken

In light of this realization, Sejal Glass has taken the following steps to ensure regulatory compliance:

1. Obtained a clarification to the valuation report from an independent registered valuer.
2. The clarification was provided by Mr. Nitish Chaturvedi, an independent registered valuer (IBBI Reg. No.: IBBI/RV/03/2020/12916).
3. The purpose of this valuation report is to determine the fair price of the equity shares and convertible warrants being issued.

Details of the Preferential Issue

The preferential issue in question involves:

Transparency Measures

To maintain transparency, Sejal Glass has taken the following actions:

1. Posted the clarification to the valuation report on the company's website.
2. The report can be accessed at https://www.sejalglass.co.in/preferential-issue.html

This amendment and subsequent actions demonstrate Sejal Glass's commitment to regulatory compliance and transparency in its corporate actions. Investors and stakeholders are advised to refer to the updated information for a comprehensive understanding of the preferential issue and its implications.