Standard Engineering Allots ₹71.48 Cr Equity Shares on Preferential Basis

Standard Engineering Technology Ltd has allotted 24,39,750 equity shares at an issue price of Rs. 293/- per share, aggregating to Rs. 71,48,46,750/- (Rs. 71.48 Crore) on a preferential basis to non-promoter investors, AGI Group Holdings Inc. and Monoflus Pte. Ltd. The allotment follows a special resolution passed at the EGM on August 10, 2026, and in-principle approvals from BSE and NSE. The newly allotted shares rank pari passu with existing equity shares. The company will seek listing and trading approval for these shares.