Expanding the blueprint: Standard Glass Lining acquires 51% in C2C Engineering

Updated: November 04, 2025 00:02

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Standard Glass Lining Technologies Ltd has signed a term sheet to acquire a 51% stake in C2C Engineering Pvt Ltd, a Chennai-based EPC and engineering services firm, for Rs 12.24 crore in cash. The deal, expected to close within 45 days, aligns with its growth and diversification strategy.

Standard Glass Lining Technologies Ltd (SGLTL) on November 3 announced signing a term sheet to acquire a majority 51% equity stake in C2C Engineering Pvt Ltd, an engineering design and EPC services firm catering to process industries such as pharmaceuticals, chemicals, and food. The Rs 12.24-crore cash acquisition aims to drive diversification, synergy, and enhanced project execution capabilities for SGLTL.

The acquisition will be formalized through a Share Purchase Agreement (SPA) with C2C Engineering and its existing shareholders. Once completed, C2C Engineering will become a subsidiary of SGLTL. The transaction is expected to close within 45 days, subject to the fulfilment of SPA conditions and relevant agreements.

Founded in 2020 and headquartered in Chennai, C2C Engineering has established expertise in detailed design, engineering, and turnkey EPC services. The company reported a turnover of Rs 20.11 crore in FY25, reflecting a recovery from Rs 10.74 crore in FY24.

*Key Developments and Highlights:*

Standard Glass Lining Tech to acquire 51% of C2C Engineering Pvt Ltd for Rs 12.24 crore in cash.
C2C Engineering provides EPC services to pharmaceuticals, chemicals, food, tyre, and paints sectors.
The acquisition is not a related-party transaction; no promoter group interest involved.
Completion timeline set at 45 days, subject to SPA conditions.
C2C’s financial performance: turnover of Rs 28.36 crore (FY23), Rs 10.74 crore (FY24), and Rs 20.11 crore (FY25).
The deal is part of SGLTL’s expansion and diversification strategy to provide end-to-end industrial solutions.

The acquisition signifies SGLTL’s strategic intent to expand its operational bandwidth and leverage engineering synergies to better serve critical process industries, enhancing innovation, quality, and speed in delivery.

Sources: BSE Filings, Company Exchange Announcement, Standard Glass Lining Technologies Ltd Corporate Disclosure.

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