Standard Glass Lining Acquires 51% Stake in C2C Engineering
Filing Summary
Standard Glass Lining Technology Ltd has entered into a Terms Sheet to acquire 51% of the equity shares of M/s. C2C Engineering Private Limited. The acquisition, valued at Rs. 12.24 Crores, will be executed through a Share Purchase Agreement. C2C Engineering specializes in design and detailed engineering services, focusing on EPC contracts for various industries. The acquisition is expected to be completed within 45 days, subject to conditions in the SPA. Upon completion, C2C Engineering will become a subsidiary of Standard Glass Lining Technology Ltd.
Standard Glass Lining Technology Ltd has announced its intention to acquire a 51% equity stake in M/s. C2C Engineering Private Limited. The acquisition is formalized through a Terms Sheet dated November 03, 2025. C2C Engineering is engaged in providing design and detailed engineering services, as well as undertaking Engineering, Procurement, and Construction (EPC) contracts for clients in the pharmaceuticals, chemicals, food, tyre, paints, and allied industries.
The acquisition involves a cash consideration of Rs. 12.24 Crores. This transaction will be executed through a Share Purchase Agreement (SPA) between Standard Glass Lining Technology Ltd, C2C Engineering Private Limited, and its shareholders. The completion of the acquisition is contingent upon the fulfillment of conditions outlined in the SPA and other related transaction documents.
C2C Engineering Private Limited, incorporated on August 24, 2020, has an authorized and paid-up share capital of Rs. 20,00,000. The company reported a turnover of Rs. 2,836 Lakhs for the financial year 2022-23, Rs. 1,074 Lakhs for 2023-24, and Rs. 2,011 Lakhs for 2024-25. The company operates in the multi-engineering consulting and EPC contract servicing industry, providing services to critical process industries.
The acquisition does not fall within related party transactions, and there is no interest from the promoter or promoter group of Standard Glass Lining Technology Ltd in C2C Engineering Private Limited. The acquisition aligns with Standard Glass Lining’s strategic growth initiatives, focusing on business expansion and diversification in providing end-to-end solutions to critical process industries.
The acquisition is expected to be completed within 45 days from the date of the agreement, subject to the fulfillment of conditions as per the SPA. Upon successful completion, C2C Engineering Private Limited will become a subsidiary of Standard Glass Lining Technology Ltd.
C2C Engineering Private Limited is a private limited company based in Chennai, specializing in design and detailed engineering services. The company undertakes EPC contracts for various industries, including pharmaceuticals, chemicals, food, tyre, paints, and allied sectors.
Standard Glass Lining Technology Ltd focuses on providing advanced glass lining solutions and services. The company is committed to expanding its market presence and enhancing its capabilities in delivering comprehensive solutions to critical process industries.