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Standard Engineering Technology informs about outcome of board meeting

16 Oct 2026 Evaluate

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Standard Engineering Technology has informed that the Board of Directors of the Company at its meeting held today, October 16, 2026, which commenced at 10:00AM and concluded at 10:16AM, pursuant to the Special Resolution passed by the Members at the Extra-Ordinary General Meeting held on August 10, 2026 and the in-principle approvals granted by BSE (LOD/PREF/DA/FIP/877/2026-27 dated October 1, 2026) and National Stock Exchange of India (NSE/LIST/56391 dated October 1, 2026), and upon receipt of the full consideration, allotted 24,39,750 fully paid-up equity shares of face value of Rs. 10/- each at an issue price of Rs. 293/- per equity share (including a premium of Rs. 283/-), aggregating to Rs. 71,48,46,750/-, on a preferential basis to non-promoter investors. The shares so allotted rank with the existing equity shares of the Company. The Company will apply to the Stock Exchanges for listing and trading approval of the said shares. The details required under Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III to the Listing Regulations read with SEBI Master Circular Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026 are enclosed as Annexure A. 

The above information is a part of company’s filings submitted to BSE.
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