Standard Engineering Technology Approves FY26 Financials and Strengthens Board with Key Director Appointments

Standard Engineering Technology Approves FY26 Financials and Strengthens Board with Key Director Appointments​

Standard Engineering Technology Limited (formerly Standard Glass Lining Technology Limited) held its Board of Directors meeting on May 14, 2026. During the meeting, the Board considered and approved the company's financial results for the fourth quarter and the full fiscal year ended March 31, 2026. Additionally, the Board formalized several key corporate governance changes, including the appointment of a new Independent Director and the modification of a director’s designation.

Financial Results and Audit Opinion​

The Board approved the financial results for the quarter and year ended March 31, 2026, which were subjected to statutory audit by M/s. M S K A and Associates LLP, Chartered Accountants. The firm issued an Unmodified Opinion on both the Standalone and Consolidated Financial Statements for the year ended March 31, 2026.

The company's total income for the full year ended March 31, 2026, stood at 79,309.16. The total comprehensive income for the same period was 8,272.82.

The following table summarizes the key consolidated financial figures for the year ended March 31, 2026:

Corporate Governance Updates​

The Board meeting also ratified changes concerning key directorial appointments and designations:

Director Appointments and Changes:

• Mr. Yasuyuki Ikeda: Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the change in designation of Mr. Yasuyuki Ikeda (DIN: 02437433) from Non-Executive Director to Executive Director. This designation change is effective from May 14, 2026, and will continue until the next Annual General Meeting (AGM).
• Mr. Kancherla Uma Maheswara Rao: The Board also recommended and approved the appointment of Mr. Kancherla Uma Maheswara Rao (DIN: 11705945) as an Independent Director. This appointment is effective from May 14, 2026, for a term of five consecutive years.

Internal Audit Appointment:

Furthermore, based on the recommendation of the Audit Committee, the Board approved the re-appointment of M/s. KY & Co., Chartered Accountants as the Internal Auditors of the Company for the financial year 2026-27.

Operational Highlights​

The company, which operates in glass lined equipment solutions, metal equipment and pumps solutions, and polytetrafluoroethylene (PTFE) lined pipes & fittings, reported the following key figures for its segments for the year ended March 31, 2026:


The financial results and details are available on the Company’s website and the respective stock exchange websites.

SETL Stock Price Movement​

Shares of Standard Engineering Technology Limited are edging higher to ₹138.8 as of 12:07 PM, rallying 1.31% in live trading. The stock continues to see robust interest, trading a total volume of 154,081 shares so far today.