STANDARD ENGINEERING TECHNOLOGY LIMITED : ACQUIRES STAKE IN GL HAKKO CO., LTD.

• Standard Engineering Technology Limited's Board approved a strategic investment in M/s. GL HAKKO Co., Ltd., Japan. • Phase I: Subscription of up to 19.19% of equity share capital for Japanese Yen 1,174 Million (approx. ₹69.3 Cr). • Phase II: Subscription of an additional stake of up to 31.88% within three years from Phase I completion, for Japanese Yen 1,978 Million (approx. ₹116.7 Cr). • Upon completion of Phase II, the Company's aggregate shareholding will increase up to 51.07%. • The acquisition aims to strengthen technological capabilities and expand the global product portfolio. • Subject to approvals under Foreign Exchange and Foreign Trade Act (FEFTA) in Japan and other regulatory approvals.

Standard Engineering Technology Ltd

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