Monoflus Pte Ltd Acquires 3.59% Stake in Standard Engineering Technology

Monoflus Pte Ltd, along with its Persons Acting in Concert (PACs) including ASAHI GLASSPLANT INC. and MONOFORM MANAGEMENT SUPPORT INC., has acquired 71,70,000 equity shares, representing 3.59% of the total paid-up equity share capital of Standard Engineering Technology Limited. The transaction, valued at INR 20,89,80,000, occurred on June 22, 2026, via an off-market inter-se transfer. This acquisition does not result in a change of control or management. The total shareholding of Monoflus Pte Ltd and its PACs in the target company now stands at 2,08,98,000 equity shares, equivalent to 10.48% of the total equity.