Date: July 24, 2026
Disinvestment / Strategic Actions
Standard Engineering Technology Limited has successfully completed Phase I of its strategic investment in GL HAKKO Co., Ltd., Japan (the "Target Company").
The company has remitted the subscription consideration through prescribed banking channels in accordance with applicable laws. Both the Share Subscription Agreement and the Shareholders' Agreement have been duly executed by the company with the Target Company and its existing shareholder.
As a result of Phase I completion, the company has acquired 19.19% of the issued, subscribed and paid-up share capital of GL HAKKO Co., Ltd. The company received confirmation from the Target Company as of July 24, 2026.
Phase II of the investment contemplates subscription to an additional stake of up to 31.88% in the Target Company within three years from the completion of Phase I. This phase is subject to:
- Obtaining approval under the Foreign Exchange and Foreign Trade Act (FEFTA), Japan
- Other requisite regulatory, governmental and applicable approvals
- Fulfilment of agreed conditions precedent
Upon completion of both phases, the company's aggregate shareholding in the Target Company is proposed to increase up to 51.07%, subject to the aforementioned approvals and conditions.
Other Operational / Legal / Strategic Disclosures
The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This intimation follows the company's previous disclosure dated July 06, 2026 regarding the approval of the strategic investment.