NSE seeks clarification on GScale acquisition; company responds with details
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On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standard Engineering Technology responded to NSE's queries on its 33.55% acquisition of GScale Energy (now a subsidiary). It clarified that the 4 lakh sq ft premises are held on leasehold, with sub-lease for 2.73 lakh sq ft signed in July 2026 and balance 1.7 lakh sq ft expected by February 2027. The 486 MW delivered and 1 GW+ under execution claim refers to prior experience of GScale's MD and leadership team, not GScale's own projects, as GScale was incorporated only in May 2026.
NSE scrutiny on acquisition disclosures may cause short-term stock volatility, but the company has addressed the queries with explanations.