Standard Engineering Tech: IPO Proceeds Utilized as Planned

Standard Engineering Technology Ltd reports that the utilization of proceeds from its Initial Public Offer is in line with the objects of the issue, as per the Monitoring Agency Report dated May 14, 2026, issued by ICRA Limited for the quarter ended March 31, 2026. The IPO issue size was ₹410.051 Crore, with net proceeds as per the Prospectus being ₹193.425 crore. ICRA's report states it offers an objective view based on information provided by the Issuer and believed to be accurate and reliable, without independent verification.