Standard Engineering Technology Ltd Holds EGM, Approves Preferential Issue

Standard Engineering Technology Limited (formerly Standard Glass Lining Technology Limited) held its Extra-Ordinary General Meeting (EGM) on August 10, 2026. The meeting approved two special resolutions for a preferential issue of equity shares. The first resolution allows for the issuance of 24,39,750 equity shares for cash consideration to non-promoter investors. The second resolution permits the issuance of 22,18,431 equity shares for non-cash consideration via a Share Swap Agreement. An Amendment Agreement dated August 24, 2026, revised the non-cash consideration and the number of shares to be issued under the Share Swap Agreement. The company also provided clarifications regarding the preferential issue, correcting a typographical error related to 'warrants' and confirming shareholding calculations.