Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Decisions

Audit Opinion:

Limited Review Report - No modifications or qualifications. The auditors stated: "nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Key Financial Highlights [All amounts in Rs. Lakhs]:

Consolidated Results:

Revenue from Operations: 24,769.21 (vs 17,307.40 in Q1 FY26 - 43.1% YoY growth)

Total Income: 25,219.01 (vs 17,817.38 in Q1 FY26)

Net Profit: 2,674.62 (vs 2,113.28 in Q1 FY26 - 26.6% YoY growth)

EPS: 1.32 (vs 1.05 in Q1 FY26)

Other Equity: 58,928.35 (as of March 31, 2026)

Standalone Results:

Revenue from Operations: 10,149.37 (vs 6,738.35 in Q1 FY26 - 50.6% YoY growth)

Total Income: 10,918.17 (vs 7,542.47 in Q1 FY26)

Net Profit: 1,632.96 (vs 1,475.67 in Q1 FY26 - 10.7% YoY growth)

EPS: 0.82 (vs 0.74 in Q1 FY26)

Other Equity: 43,877.26 (as of March 31, 2026)

Segment-wise Performance:

The Group has one reportable segment: Engineering & Technology Solutions

Segment Revenue: 25,815.77

Segment Result (Profit Before Tax and Interest): 4,258.18

Eliminations: (1,046.56)

Total Revenue: 24,769.21

Corporate Actions:

  • Re-appointment of M/s. M S K A & Associates LLP as Statutory Auditors for a second term of five consecutive years, subject to shareholder approval
  • 14th Annual General Meeting fixed for Friday, September 18, 2026 at 11:00 AM (IST)
  • Register of members and share Transfer books will remain closed from September 15, 2026 to September 17, 2026 (both days inclusive)
  • Record date: September 11, 2026 for taking record of members for the 14th AGM
  • Appointment of M/s. RPR & Associates as Scrutinizer for conducting remote e-voting and voting at the AGM

Other Significant Information:

IPO Proceeds Utilization:

  • Towards funding of capital expenditure of the Company: Rs. 1,000.00 Lakhs (Utilized: 771.80 Lakhs)
  • Towards repayment/prepayment of outstanding borrowings: Rs. 13,000.00 Lakhs (Utilized: 13,000.00 Lakhs)
  • Towards funding capital expenditure in S2 Engineering Industry Private Limited: Rs. 3,000.00 Lakhs (Utilized: 1,340.77 Lakhs)
  • Towards inorganic growth through strategic investments/acquisitions: Rs. 2,000.00 Lakhs (Utilized: 2,000.00 Lakhs)
  • Towards general corporate purposes: Rs. 4,224.50 Lakhs (Utilized: 3,448.70 Lakhs)
  • Total utilization: Rs. 20,561.27 Lakhs out of Rs. 23,224.50 Lakhs
  • Unutilized amount as at June 30, 2026: Rs. 2,663.23 Lakhs (temporarily invested in term deposits)

Subsidiary Incorporation:

  • Incorporated Standard Projects Private Limited as a subsidiary on May 12, 2026
  • Holds 75% equity stake as on June 30, 2026
  • Financial statements consolidated from date of incorporation
  • Operations did not have material impact on consolidated financial results

ESOP Grant:

  • Granted 6,00,000 stock options under ESOP 2024 scheme on May 14, 2026
  • Share-based compensation expense recognized in accordance with Ind AS 102

Proposed Acquisitions and Investments:

1. GScale Energy Private Limited Acquisition:

  • Board approved on June 25, 2026 for proposed acquisition of up to 51% equity stake
  • Aggregate consideration: Up to Rs. 19,000.00 Lakhs (Cash: Rs. 12,500.00 Lakhs + Share swap: Rs. 6,500.00 Lakhs)
  • Cash consideration of Rs. 12,500.00 Lakhs paid on July 30, 2026
  • Acquired 33.55% shareholding pursuant to payment
  • Share swap: Issuance of up to 22,18,431 equity shares at Rs. 293.00 per share to Truplusco India LLP
  • Subject to shareholder approval at EGM on August 10, 2026

2. GL Hakko Co., Ltd. Investment:

  • Strategic investment of Rs. 7,147.00 Lakhs (JPY 1,200.43 million) for 19.19% equity stake
  • Consideration remitted on July 17, 2026 from internal accruals
  • Right to acquire additional 31.88% equity stake over next three years at same valuation
  • Upon completion, aggregate shareholding would increase to 51.07%
  • Subject to definitive agreements and regulatory approvals

3. Preferential Allotment:

  • Board approved issuance of up to 24,39,750 equity shares at Rs. 293 per share
  • To identified investors: AGI Group Holdings Inc., Japan and Monoflus Pte. Ltd., Singapore
  • Expected to raise approximately Rs. 7,148.00 Lakhs
  • Subject to shareholder approval at EGM on August 10, 2026

Segment Reassessment:

  • Group reassessed reportable segments in accordance with Ind AS 108
  • Businesses previously reported under Reaction Systems, Storage, Separation and Drying Systems, and Plant Engineering Services aggregated into single reportable segment: Engineering & Technology Solutions
  • AI Data Centre Solutions business has not commenced commercial operations

Entities Included in Consolidation:

1. S2 Engineering Industry Private Limited, India - Wholly Owned Subsidiary

2. Standard Engineering Solutions Private Limited, India - Wholly Owned Subsidiary

3. Standard Flora Private Limited, India - Subsidiary

4. CPK Engineers Equipment Private Limited, India - Subsidiary

5. Standard Engineering Inc., USA - Wholly Owned Subsidiary

6. Standard Scigenics Private Limited, India - Subsidiary

7. Standard C2C Engineering Private Limited, India - Wholly Owned Subsidiary

8. Standard Projects Private Limited, India - Subsidiary