Standard Engg. Tech.

** Shares of Standard Engineering Technology SNDR.NS rise 3.5% to 274.80 rupees

** Precision engineering co to buy 19.19% stake in Japan's GL Hakko for 700 mln rupees ($7.3 mln)

** Has option to raise stake to 51.07% in next 3 years, for 1.17 bln rupees more, in the glass-lined process equipment manufacturer

** Stock up about 83% YTD

($1 = 95.5450 Indian rupees)

(Reporting by Payel Das in Bengaluru)

(([email protected]))

Standard Engineering Technology's board approved a phased acquisition of Japan's GL HAKKO Co., with an initial 19.19% stake for ¥1,174 million (₹69 crore) and a subsequent additional 31.88% stake within three years for ¥1,978 million (₹117 crore), taking its total holding to 51.07%. The target, founded in 1955, designs and manufactures glass-lined process equipment for pharmaceuticals, chemicals, and semiconductor chemicals, and reported turnover of ¥3,226 million (₹190 crore) in the financial year ended March 2026. The acquisition is a related party transaction as Yasuyuki Ikeda, an executive director of Standard Engineering, is associated with GL HAKKO, though the deal is being executed at arm's length. Standard Engineering aims to leverage GL HAKKO's technologies, including high-temperature and conductivity glass-lining, to expand its portfolio. First-phase completion is targeted within 30 days of signing definitive agreements, subject to regulatory clearance under Japan's Foreign Exchange and Foreign Trade Act.

Powered by Tijori

Standard Engineering Technology’s board approved the acquisition of up to 51% stake in GScale Energy Private Limited, a newly incorporated entity focused on AI datacenter engineering infrastructure, for a total consideration of ₹190 crore. The transaction comprises ₹125 crore in cash and a ₹65 crore share swap, with a broader phased investment plan of approximately ₹500 crore for capacity expansion and working capital, all funded from internal cash flows. GScale was founded in May 2026 and has no prior revenue, but its promoter, Kasu Brahma Reddy, previously led delivery of 486 MW of data center infrastructure as President of CtrlS Datacenters. The move marks Standard Engineering’s entry into the rapidly growing AI datacenter market, expected to require $40–50 billion in India by 2030, leveraging its existing manufacturing and turnkey execution expertise. Management expects the new entity to commence operations from November 2026 and generate up to ₹250 crore in revenue during the final four months of FY2027. Meanwhile, the company also guided for 40–50% growth in its core pharma and chemical engineering business for FY2027. The transaction is subject to definitive agreements and is expected to close within 90 days.

Powered by Tijori

June 25 (Reuters) - Standard Engineering Technology Ltd SNDR.NS:

• APPROVES ACQUISITION OF UP TO 51% EQUITY IN GSCALE ENERGY

• ACQUISITION CONSIDERATION INCLUDES 1.25 BILLION RUPEES CASH AND 650 MILLION RUPEES SHARE SWAP

Source text: ID:nBSE6zmK2n

Further company coverage: SNDR.NS

(([email protected];))

May 14 (Reuters) - Standard Engineering Technology Ltd SNDR.NS:

• STANDARD ENGINEERING TECHNOLOGY MARCH-QUARTER CONSOL NET PROFIT 198 MILLION RUPEES

• STANDARD ENGINEERING TECHNOLOGY MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES

Further company coverage: SNDR.NS

(([email protected];))

** Shares of Standard Engineering Technology SNDR.NS up 2.11% at 121.57 rupees

** Co enters distribution agreement with API Pharmaceutical Trading for the Middle East region

** Co says agreement is expected to strengthen company’s export presence in the Middle East region across pharmaceutical manufacturing facilities, biopharmaceutical and life sciences, F&B and other process industries

** YTD, stock down 19.1%

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

March 5 (Reuters) - Standard Engineering Technology Ltd SNDR.NS:

• ENTERS DISTRIBUTION AGREEMENT WITH API PHARMA FOR MIDDLE EAST REGION

Source text: ID:nBSEKgKFY

Further company coverage: SNDR.NS

(([email protected];;))

Jan 13 (Reuters) - Standard Engineering Technology Ltd SNDR.NS:

• STANDARD ENGINEERING TECHNOLOGY LTD - GETS TAX DEMAND OF 16.5 MILLION RUPEES

Source text: ID:nBSE48w8nD

Further company coverage: SNDR.NS

(([email protected];))

Aug 4 (Reuters) - Standard Glass Lining Technology Ltd SNDR.NS:

• JUNE-QUARTER CONSOL NET PROFIT 208.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.73 BILLION RUPEES

Source text: ID:nBSE1c1yWD

Further company coverage: SNDR.NS

(([email protected];;))

April 9 (Reuters) - Standard Glass Lining Technology Ltd SNDR.NS:

• STANDARD GLASS LINING TECHNOLOGY - ENTERS LONG-TERM AGENCY AGREEMENT WITH BIOCON SOLUTIONS

• STANDARD GLASS LINING TECHNOLOGY LTD - AGREEMENT ENABLES EXPORT TO SINGAPORE, INDONESIA, MALAYSIA, THAILAND

Source text: ID:nBSE1KyfNd

Further company coverage: SNDR.NS

(([email protected];))

March 10 (Reuters) - Standard Glass Lining Technology Ltd SNDR.NS:

• STANDARD GLASS LINING TECHNOLOGY - UNIT ENTERS LONG-TERM AGREEMENT WITH GALE PROCESS SOLUTIONS

• STANDARD GLASS LINING TECHNOLOGY LTD - AGREEMENT ENABLES EXPORT OF STEEL AND ALLOY PRODUCTS

Source text: ID:nBSE4mqvgj

Further company coverage: SNDR.NS

(([email protected];))

** Shares of Standard Glass Lining Technology SNDR.NS rise 16% to 163 rupees in trading debut

** Stock opened at 172 rupees, about 23% higher than its IPO price of 140 rupees, before trimming some gains

** At current levels, stock is valued at $376 mln vs target valuation of $323 mln

** The IPO consisted of fresh issue worth up to 2.1 bln rupees, and offer for sale worth up to 2 bln rupees; it was subscribed 183 times

** Co says proceeds will be used to buy machinery and equipment, repayment of debt and investment in unit

(Reporting by Nishit Navin in Bengaluru)

(([email protected];))