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SETLNSEStandard Engineering Technology Limited· Industrial ManufacturingHighNeutral
Announced Mon, 6 Jul, 2026 · 20:08 IST

SETL to acquire up to 51.07% stake in Japan's GL HAKKO in two phases

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing

SETL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-2.4%Reaction day
₹267.70
prior close
₹267.70
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.7% vs market
Industrial Products peers, median of 129sector-0.9%-1.5% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.5 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.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+3.8
10m
+3.0
15m
+2.4
30m
+2.1
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-2.4-0.7-1.7-0.9-1.5
Next day
+0.1-2.7+2.8-2.7+2.8
2d
+3.3-0.8+4.1-1.3+4.6
3d
+8.6+0.5+8.1-0.6+9.1
4d
+3.2+0.7+2.5-0.5+3.6
5d
+2.1-0.3+2.5-0.8+3.0
1w
+7.3-0.2+7.5-0.8+8.1
15d
+0.7-1.7+2.4-3.1+3.8
1m
+4.6+2.7+1.9-1.9+6.6
2m
+45.1+4.8+40.4-0.6+45.7
3m
+60.5+3.2+57.3-0.8+61.4
UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standard Engineering Technology (SETL) board approved a phased strategic investment in Japan's GL HAKKO Co. Ltd., which makes glass-lined process equipment for pharma, chemical and semiconductor-chemical sectors. Phase I: acquire 19.19% stake for around INR 693 million. Phase II: additional 31.88% stake for around INR 1,167 million within 3 years, taking total holding to 51.07%. Total cash investment about INR 1,860 million. GL HAKKO's FY26 turnover was INR 1,904 million. It is a related party deal and subject to regulatory approvals including FEFTA in Japan.

Likely market impact

Phased entry into Japan with proprietary glass-lining technology. Positive for global expansion, but execution and regulatory risks remain.