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Standard Engineering Technology Limited (SETL)

₹359.50 +0.03% last close, 16 Oct

📊 NSE: SETL 🏢 Specialty Industrial Machinery 📢 Latest filing: 16 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Standard Engineering's revenue was ₹248 Cr (+43.1% year on year, -98.9% on the previous quarter), and net profit ₹26.7 Cr (+26.6% year on year); the operating margin was 16.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹248	+43.1%	-98.9%
Operating profit	₹39.6	+34.0%	-98.7%
Net profit	₹26.7	+26.6%	-98.7%
EPS (₹)	1.32	+25.7%	+33.3%
Operating margin	16.0%	—	—

Full quarterly financials → Results calendar →

SETL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 48.47% of the SETL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 56.17%. That is close to its usual level. It closed at a price band (circuit) on 7 sessions in about the last 20.

48.47%Delivery, 16 Oct

56.17%Own 20-session average

0.5×Volume vs its average

₹359.50NSE close · +0.03%

Delivery in the last 5 sessions: 47.9% · 44.4% · 55.1% · 55.8% · 48.5%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

SETL Allots 24.4 Lakh Shares at Rs 293/Share to Raise Rs 71.48 Cr via Preferential Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 16 Oct 2026, 10:51 AM

Standard Engineering Technology Limited (SETL) has allotted 24,39,750 equity shares of face value Rs 10 each on a preferential basis, raising Rs 71.48 crore. The allotment was done at Rs 293 per share (including a premium of Rs 283 per share) to two non-promoter investors. AGI Group Holdings Inc. received 22,77,100 shares (1.11% stake), while Monoflus Pte. Ltd. took 1,62,650 shares (holding 3.58% post-issue). Relative to SETL's market capitalization of Rs 1,82,622 crore, the fundraise represents a negligible ~0.04% dilution.

Allotment of 24,39,750 equity shares at an issue price of Rs 293 per share
Total capital raised stands at Rs 71,48,46,750
AGI Group Holdings Inc. allotted 22,77,100 shares, taking a 1.11% post-issue stake
Monoflus Pte. Ltd. allotted 1,62,650 shares, holding 73,32,650 shares (3.58%) post-issue

💡 Track the receipt of final listing and trading approvals from BSE and NSE for the newly allotted shares.

SETL Allots 24.4 Lakh Shares at Rs 293/Share to Raise Rs 71.48 Cr via Preferential Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 16 Oct 2026, 10:32 AM

Allotment of 24,39,750 equity shares at an issue price of Rs 293 per share
Total capital raised stands at Rs 71,48,46,750
AGI Group Holdings Inc. allotted 22,77,100 shares, taking a 1.11% post-issue stake
Monoflus Pte. Ltd. allotted 1,62,650 shares, holding 73,32,650 shares (3.58%) post-issue

💡 Track the receipt of final listing and trading approvals from BSE and NSE for the newly allotted shares.

SETL Clarifies GScale Energy Infrastructure & Past Track Record Following NSE Query

🔵 WATCH ⭐ 6/10

REGULATORY 📅 07 Oct 2026, 09:36 PM

Standard Engineering Technology Limited (SETL) submitted clarifications to the National Stock Exchange regarding its acquisition of subsidiary GScale Energy Private Limited. The company clarified that GScale's ~4 lakh sq ft operational infrastructure is leasehold, with 2,73,000 sq ft sub-leased on July 16, 2026, and ~1,70,000 sq ft expected by February 2027. Crucially, SETL clarified that the previously cited metric of '486 MW delivered and 1 GW+ under execution' belongs to the past personal track record of GScale's MD Kasu Brahma Reddy and his team, not GScale itself, which was incorporated only on May 15, 2026.

Clarified that '486 MW delivered and 1 GW+ under execution' represents founder Kasu Brahma Reddy's past career record, not GScale's corporate track record
GScale Energy was incorporated recently on May 15, 2026
Total ~4 lakh sq ft facility is held on leasehold basis under a term sheet dated June 17, 2026
Sub-lease executed for ~2,73,000 sq ft on July 16, 2026, with the remaining ~1,70,000 sq ft expected by February 2027
Follows SETL acquiring 33.55% on July 30, 2026, on path toward up to 51% acquisition

💡 Track subsequent disclosures regarding GScale's actual project execution and financial contribution, alongside the completion of the remaining ~1,70,000 sq ft sub-lease by February 2027.

SETL Secures In-Principle Approval for ₹71.49 Cr Preferential Issue of 24.40 Lakh Shares

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 03 Oct 2026, 06:37 PM

Standard Engineering Technology Limited (SETL) has received in-principle approval from BSE and NSE for a preferential allotment of 24,39,750 equity shares of face value ₹10 at an issue price of ₹293 per share (including a premium of ₹283). The total fundraise amounts to approximately ₹71.49 crore. The shares are to be issued to two non-promoter entities: AGI Group Holdings Inc. (22,77,100 shares) and Monoflus Pte. Ltd. (1,62,650 shares). The company will proceed with final allotment upon receiving consideration in line with SEBI ICDR guidelines.

In-principle approval received from BSE and NSE dated October 01, 2026
Preferential issue of 24,39,750 equity shares at ₹293 per share (face value ₹10, premium ₹283)
Total issue size amounts to approximately ₹71.49 crore
AGI Group Holdings Inc. allocated 22,77,100 shares and Monoflus Pte. Ltd. allocated 1,62,650 shares

💡 Track receipt of funds, the board's formal allotment intimation, and subsequent final listing approval from BSE and NSE.

SETL Takes Board Control of GScale Energy; Consolidates as Subsidiary in ₹190 Cr Deal

🟢 POSITIVE ⭐ 7/10

M&A 📅 28 Sep 2026, 11:10 PM

Standard Engineering Technology Limited (SETL) has obtained control over the board of GScale Energy Private Limited, turning it into a subsidiary effective September 28, 2026. SETL currently holds 50,495 equity shares (a 33.55% stake) and plans to scale up to 51% via cash consideration and a share swap, with total acquisition cost of approximately ₹190 crore. GScale, incorporated recently on May 15, 2026, provides integrated engineering platforms for AI datacenter infrastructure and currently has 1GW+ under execution.

GScale Energy became a subsidiary of SETL effective September 28, 2026 via board control
Current equity holding is 33.55% (50,495 shares), with approval to acquire up to 51%
Total acquisition cost is approximately ₹190 crore via cash consideration and share swap
Target operates in AI datacenter infrastructure with 486 MW delivered and 1GW+ under execution

💡 Track the completion and regulatory approvals for the remaining stake increase to 51%, as well as financial consolidation in subsequent quarterly results.

SETL Reappoints M S K A & Associates LLP as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Sep 2026, 07:04 PM

Standard Engineering Technology Limited (SETL) announced that shareholders at its 14th AGM on September 18, 2026, approved the reappointment of M/s. M S K A & Associates LLP as Statutory Auditors. The reappointment is for a second term of five consecutive years, spanning FY26-27 through FY30-31 (from the conclusion of the 14th AGM to the 19th AGM). M S K A & Associates LLP is an established ICAI- and US PCAOB-registered audit firm operating across 12 cities in India. This is a standard statutory governance renewal with no operational or financial impact.

Shareholders approved reappointment at the 14th AGM held on September 18, 2026
Statutory auditor term approved for a second 5-year period covering FY26-27 to FY30-31
Auditor to serve until the conclusion of the 19th Annual General Meeting
Audit firm M S K A & Associates LLP was established in 1978 and operates across 12 cities in India

💡 Track the upcoming Q2 FY27 earnings release and disclosures to monitor continuing financial performance and accounting continuity.

SETL Shareholders Approve All 5 Resolutions at 14th AGM with Over 99.9% Approval

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 06:31 PM

Standard Engineering Technology Limited has declared the voting results and scrutinizer report for its 14th Annual General Meeting held on September 18, 2026. All five ordinary resolutions were approved by shareholders with over 99.9% majority votes in favour. These included the adoption of FY26 financial statements, the re-appointment of directors retiring by rotation, cost auditor remuneration ratification, and the re-appointment of M/s MSKA & Associates LLP as statutory auditors. Total voter turnout across e-voting platforms stood at 15.68 crore shares, representing 78.60% of outstanding voting shares.

All 5 ordinary resolutions passed with requisite majority on September 18, 2026
15,67,96,699 votes (100.00%) cast in favour of adopting FY26 audited financial statements against 2 votes opposing
Total voter turnout was 78.60% of outstanding voting shares (15,67,96,701 shares polled out of 19,94,91,662)
Re-appointment of M/s MSKA & Associates LLP as statutory auditors approved with 99.9987% votes in favour
A total of 214 members participated in the voting process (207 via remote e-voting and 7 at the AGM venue)

💡 Track the upcoming Q2 FY27 earnings release and disclosures regarding core operations following the formal adoption of FY26 accounts.

SETL Concludes 14th AGM with 103 Members Representing 12.06 Cr Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 05:23 PM

Standard Engineering Technology Limited (SETL) concluded its 14th Annual General Meeting on September 18, 2026, held via Video Conferencing. A total of 103 members representing 12,06,41,754 equity shares attended the proceedings. Key ordinary resolutions transacted included the adoption of FY26 financial statements, reappointment of retiring directors Mrs. Krishna Veni Kandula and Mr. Kandula Ramakrishna, ratification of cost auditor remuneration for FY27, and reappointment of M/s MSKA & Associates LLP as Statutory Auditors. The final voting results will be declared and intimated separately.

103 members attended representing 12,06,41,754 equity shares
AGM commenced at 11.00 A.M. and concluded at 12:49 P.M. on September 18, 2026
Transacted adoption of FY26 audited standalone and consolidated financial statements
Considered re-appointment of M/s. M S K A & Associates LLP as Statutory Auditors

💡 Track the disclosure of formal scrutiny and voting results on the exchanges to confirm passage of all resolutions.

SETL to Participate in Emerging Stars 2026 Investor Conference on Sep 19

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Sep 2026, 04:41 PM

Standard Engineering Technology Limited has announced its participation in the 'HIC Money Purse Finserv Emerging Stars 2026' investor conference. The event is scheduled for September 19, 2026, from 9:00 AM to 4:00 PM IST in Hyderabad. The meetings will be conducted in person, with discussions strictly limited to publicly available company and industry information. No unpublished price sensitive information will be shared.

Participation scheduled for Saturday, September 19, 2026
Event timings are set from 9:00 AM to 4:00 PM (IST)
In-person meeting taking place in Hyderabad
Organized by Money Purse Finserv LLP

💡 Track if any investor presentation or transcript is subsequently filed with the stock exchanges following the conference.

SETL clarifies EGM notice, amends share swap terms for 17.45% GScale Energy stake acquisition

🟡 NEUTRAL ⭐ 4/10

M&A 📅 25 Aug 2026, 09:29 PM

Standard Engineering Technology Limited (SETL) has submitted clarifications in response to NSE observations regarding its preferential equity issue. The company executed an amendment agreement on August 24, 2026, slightly reducing the non-cash consideration from Rs 65.00 crore to Rs 64.999 crore to resolve fractional share rounding, revising swap shares to 22,18,403 at Rs 293 per share to acquire a 17.45% stake in GScale Energy Private Limited. Additionally, SETL confirmed a cash preferential allotment of 24,39,750 shares to non-promoter investors (AGI Group Holdings and Monoflus Pte. Ltd.). Post-allotment, the expanded fully diluted equity base will stand at 20,47,49,815 shares.

Non-cash share swap consideration revised to Rs 64,99,92,079 (from Rs 65,00,00,283) to adjust for fractional shares
Swap shares adjusted to 22,18,403 equity shares at Rs 293 per share (FV Rs 10, Premium Rs 283) for 17.45% stake in GScale Energy
Cash preferential issue entails 24,39,750 shares to non-promoters AGI Group Holdings (22,77,100 shares) and Monoflus Pte. Ltd. (1,62,650 shares)
Post-issue fully diluted equity base expands to 20,47,49,815 shares, factoring in 6,00,000 outstanding ESOPs

💡 Track receipt of final in-principle and listing approvals from NSE and BSE for the preferential issue and closing of the GScale Energy stake acquisition.

Standard Engineering Tech Schedules 14th AGM on Sept 18, 2026; Proposes Auditor Reappointment

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 05:43 PM

Standard Engineering Technology Limited (SETL) has issued the notice convening its 14th Annual General Meeting on Friday, September 18, 2026, via Video Conferencing. Ordinary business includes the adoption of FY26 audited financial statements and the re-appointment of rotational directors Mrs. Krishna Veni Kandula and Mr. Kandula Ramakrishna. Special business items cover the ratification of cost auditor remuneration of Rs 75,000 for FY27 and the re-appointment of statutory auditors M/s M S K A & Associates LLP for a 5-year term at an annual remuneration of Rs 27,00,000.

14th AGM scheduled to be held on September 18, 2026, at 11:00 AM IST via Video Conferencing.
Proposed reappointment of Statutory Auditors M/s M S K A & Associates LLP for a second term of 5 consecutive years at an annual remuneration of Rs 27,00,000 plus GST.
Proposed ratification of Cost Auditor M/s G K & Associates remuneration of Rs 75,000 plus GST for FY27.
Re-appointment of retiring directors Mrs. Krishna Veni Kandula (holding 3,71,89,120 shares) and Mr. Kandula Ramakrishna (holding 4,40,64,000 shares).

💡 Track shareholder voting results and proceedings following the AGM on September 18, 2026.

SETL Q1 FY27: 41% Revenue Growth; Diversifies into AI Data Centers with Rs 250 Cr Target

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Aug 2026, 08:39 PM

SETL reported a strong Q1 FY27 with total income of Rs 250 Cr, marking a 41% YoY growth, and PAT of Rs 26 Cr. The company is pivoting to a 'two-engine' growth model, guiding for Rs 1,200 Cr from its core engineering business and Rs 250 Cr from its new AI data center segment (GScale) in FY27. A strategic investment of Rs 71 Cr for a 19% stake in GL Hakko (Japan) provides access to advanced semiconductor-grade glass-lining technology. The core business remains robust with an unexecuted order book of approximately Rs 1,400 Cr.

Q1 FY27 total income reached Rs 250 Cr, a 41% increase compared to the previous year.
Management guided for a total FY27 revenue of Rs 1,450 Cr (Rs 1,200 Cr core + Rs 250 Cr GScale).
Unexecuted order book for the core engineering business stands at approximately Rs 1,400 Cr.
Invested Rs 71 Cr for a 19% stake in GL Hakko, Japan, with rights to increase to 51% within 3 years.
EBITDA for the quarter grew 27% YoY to Rs 44 Cr, maintaining a 17.5% margin.

💡 Investors should monitor the execution timeline of the GScale AI data center projects and the conversion rate of the Rs 1,400 Cr order book. Key to watch is whether the high-growth AI segment impacts overall EBITDA margins, which currently stand at 17.5%.

SETL Shareholders Approve 24.39 Lakh Share Preferential Issue and Borrowing Limit Hikes

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Aug 2026, 07:40 PM

Shareholders of Standard Engineering Technology Limited (SETL) have approved seven key resolutions at the EGM held on August 10, 2026. The approvals include a preferential issue of 24,39,750 equity shares to non-promoters for cash and a separate preferential issue via a share swap arrangement with Truplusco India LLP. Additionally, the company secured mandates to enhance borrowing and investment limits under Sections 180 and 186 of the Companies Act, providing significant headroom for future capital deployment. All resolutions were passed with near-unanimous support, with almost 100% of votes cast in favor.

Approval for preferential issuance of 24,39,750 equity shares to non-promoter investors for cash consideration.
Authorization for a share swap arrangement involving Truplusco India LLP, indicating potential inorganic growth.
Enhancement of borrowing limits under Section 180(1)(c) and investment limits under Section 186 approved.
Record date for voting was August 3, 2026, with a total of 49,466 shareholders eligible.
All 7 resolutions passed with requisite majority, including the appointment of an Independent Director and change in designation for an Executive Director.

💡 Investors should monitor the specific pricing and valuation details of the share swap acquisition involving Truplusco India LLP. Additionally, track the utilization of the newly approved borrowing limits as a signal for upcoming large-scale capex or M&A activity.

SETL Approves 24.4 Lakh Share Preferential Issue and Enhanced Borrowing Limits at EGM

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Aug 2026, 06:42 PM

Standard Engineering Technology Limited (SETL) held an Extraordinary General Meeting (EGM) on August 10, 2026, to seek shareholder approval for several strategic financial moves. Key resolutions included the issuance of 24,39,750 equity shares on a preferential basis to non-promoters and a separate issuance via a share swap arrangement. The company also sought to enhance its borrowing limits under Section 180(1)(c) and investment limits under Section 186, signaling a push for capital expansion or potential acquisitions. While the preferential issue represents a minor dilution of approximately 0.05% based on current share capital, the increased borrowing and investment caps provide significant financial headroom for the Rs 160,471 Cr market cap company.

Approval for issuance of 24,39,750 equity shares on a preferential basis to non-promoter investors for cash.
Authorization for equity share issuance pursuant to a share swap arrangement, indicating potential inorganic growth.
Enhancement of borrowing limits under Section 180(1)(c) and investment/loan limits under Section 186 of the Companies Act.
EGM attended by 63 members representing 12,02,36,066 equity shares via video conferencing.
Change in designation of Mr. Yasuyuki Ikeda from Non-Executive to Executive Director approved.

💡 Investors should monitor the upcoming disclosure of the final voting results and the specific pricing of the preferential issue. The share swap arrangement is particularly noteworthy as it suggests a pending acquisition; watch for announcements regarding the target entity.

SETL Amends EGM Notice: Independent Director Appointment Upgraded to Special Resolution

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 05:43 PM

Standard Engineering Technology Limited (SETL) has issued a corrigendum to its Extraordinary General Meeting (EGM) notice scheduled for August 10, 2026. The primary change is the reclassification of the resolution for appointing Mr. Uma Maheswara Rao Kancherla as an Independent Director from an Ordinary Resolution to a Special Resolution. This adjustment is made to ensure compliance with SEBI (LODR) Regulations, requiring a 75% majority instead of a simple majority. Shareholders who have already cast their votes are provided an opportunity to revise them through the appointed Scrutinizer.

EGM scheduled for August 10, 2026, at 11:00 A.M. IST via Video Conferencing.
Resolution for Item No. 4 (Independent Director appointment) changed from Ordinary to Special Resolution.
Remote e-voting period remains open for 3 days starting from August 07, 2026.
Company maintains a large-cap valuation with a Market Cap of Rs 1,52,005 Cr.
The corrigendum follows previous communications dated July 11, July 17, and August 04, 2026.

💡 Investors should note the higher voting threshold (75%) required for this director's appointment and monitor the EGM voting results for any governance-related signals.

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