Standard Engineering Technology Approves ₹130 Cr Preferential Issue

1. Preferential Issue for Cash Consideration

Approved issuance of up to 24,39,750 fully paid-up Equity Shares of face value ₹10 each
Issue price: ₹293 per share (including premium of ₹283 per share)
Determined under Regulation 166A read with Regulation 165 of SEBI (ICDR) Regulations, 2018
To be allotted to proposed allottees mentioned in Annexure I
Subject to receipt of necessary approvals

2. Preferential Issue via Share Swap Agreement

Approved issuance of up to 22,18,431 fully paid-up Equity Shares of face value ₹10 each
Issue price: ₹293 per share (including premium of ₹283 per share)
To M/s. Truplusco India LLP for consideration other than cash
Pursuant to Share Swap Agreement for acquisition of controlling stake in GScale Energy Private Limited
Aggregate value: approximately ₹65.00 Crores (subject to adjustment)
Subject to receipt of necessary approvals

3. Borrowing Limits Increase

Approved increasing limits for creation of charge on company assets under section 180(1)(a) and 180(1)(c) of Companies Act, 2013
Subject to approval of Members by Special Resolution
Enabling approval to secure larger fund-based and non-fund-based credit lines as project scale increases

4. Inter-corporate Investment Limits

Approved increasing limits for inter-corporate loans, guarantees, securities, investments and acquisitions under section 186 of Companies Act, 2013
Subject to approval of Members by Special Resolution
Intended to support subsidiaries and future subsidiaries including GScale Energy Private Limited
Provides latitude for future strategic opportunities

5. Extra Ordinary General Meeting

6. Record Date and Book Closure

Register of members and share transfer books will remain closed from August 7, 2026 to August 9, 2026 (both days inclusive)
Record date: August 3, 2026 for taking record of members for EGM for FY 2026-27

Type of securities: Equity Shares of face value ₹10 each
Total number: 22,18,431 shares (contradicts main text which mentions 24,39,750 shares)
Investors: AGI Group Holdings Inc. (Japan) and Monoflus Pte. Ltd (Singapore)
Post-allotment holdings: AGI Group - 22,77,100 shares (1.12%), Monoflus Pte. Ltd - 73,32,650 shares (3.67%)
No triggering of Open Offer under SEBI (SAST) Regulations, 2011

Type: Preferential Issue for consideration other than cash pursuant to Share Swap Arrangement
Total number: 22,18,431 Equity Shares at ₹293 per share
Investor: Truplusco India LLP (existing shareholder of GScale Energy Private Limited)
Post-allotment holding: Truplusco India LLP - 22,18,431 shares (1.09%)
No triggering of Open Offer

Parties: Standard Engineering Technology Limited, GScale Energy Private Limited, GScale Infinity Private Limited, Truplusco India LLP
Purpose: Acquisition of controlling stake in GScale Energy Private Limited through share swap
Shareholding post-execution: 17.45% in the entity
No special rights mentioned (right to appoint directors, first right to subscription, etc.)
Parties not related to promoter/promoter group/group companies
Not a related party transaction
Issue details: 22,18,431 equity shares at ₹293 per share (including ₹283 premium)
No nominee directors or potential conflict of interest mentioned

Total fundraising through preferential issues: Approximately ₹130 Crores (combined value of both issues)
Capital structure impact: Potential dilution through issuance of approximately 46.58 lakh new equity shares
Cash flow implications: ₹65 Crores cash inflow from first issue; second issue is non-cash consideration