Crisil Reaffirms and Revises Credit Rating for Standard Engineering Technology Ltd and Subsidiary
Crisil Ratings Limited has revised and reaffirmed the credit ratings for Standard Engineering Technology Limited (SETL) and its material subsidiary, S2 Engineering Industry Private Limited. The ratings pertain to their respective Long Term and Short Term Bank Facilities.Crisil Ratings issued the revised ratings via a letter dated April 23, 2026.
Standard Engineering Technology Limited Ratings
For Standard Engineering Technology Limited (formerly known as Standard Glass Lining Technology Limited), the ratings for the total bank loan facilities are as follows:
| Category | Total Bank Loan Facilities Rated |
|---|---|
| Value | Rs. 103.5 Crore |
| Long Term Rating | Crisil A/ Positive (Outlook revised from 'Stable'; Rating Reaffirmed) |
| Short Term Rating | Crisil A1 (Reaffirmed) |
S2 Engineering Industry Private Limited Ratings
Similarly, the credit rating for the material subsidiary, S2 Engineering Industry Private Limited, shows the following ratings for total bank loan facilities:
| Category | Total Bank Loan Facilities Rated |
|---|---|
| Value | Rs. 91 Crore |
| Long Term Rating | Crisil A/ Positive (Outlook revised from 'Stable'; Rating Reaffirmed) |
| Short Term Rating | Crisil A1 (Reaffirmed) |
SETL Stock Price Movement
Today, Standard Engineering Technology Limited shares edged higher, settling at ₹137.29 and posting a 0.30% gain for the session. The equity finished the day boosted by robust activity, with total volume reaching 212,777 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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