Salasar Techno Engineering has filed a formal regulatory intimation with stock exchanges regarding significant operational challenges stemming from LPG supply disruptions that have affected its production processes and delivery capabilities. The company cited force majeure conditions arising from the ongoing Middle East conflict as the primary cause of the supply shortage.

Regulatory Compliance and Disclosure

The company submitted its intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 to both NSE and BSE on March 13, 2026. Company Secretary Mohit Kumar Goel signed the official communication, emphasizing the material impact of the LPG supply restriction on business operations.

Impact on Operations and Gulf Exports

The LPG supply disruption has particularly affected the company's production activities, material delivery schedules, and EPC business operations. The ongoing conflict in the Gulf region is simultaneously impacting the company's export operations to that geographical segment, creating a dual challenge for international business commitments.

Company Response and Mitigation Strategy

Salasar Techno Engineering is actively coordinating with Oil Marketing Companies (OMCs) and relevant government authorities to secure LPG supply, which is essential for maintaining production continuity. The company stated it is evaluating the complete impact of the ongoing supply disruption and monitoring the situation closely.

Forward Outlook and Monitoring

The company has committed to providing regular updates to stock exchanges regarding any material developments related to the LPG supply situation. This proactive communication approach demonstrates the company's commitment to transparency and regulatory compliance during challenging operational circumstances.

Salasar Techno Engineering Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, following a board meeting held on February 14, 2026. The industrial products company reported mixed performance across segments while completing the monitoring process for its preferential issue worth Rs. 290.77 crore.

Q3 FY26 Financial Performance

The company delivered steady financial results for the third quarter, with both standalone and consolidated operations showing profitability. The board meeting, conducted at the company's Noida office, approved the quarterly results along with segment-wise reports and limited review reports from statutory auditors.

Segment-wise Performance Analysis

The company operates through two primary business segments - Steel Structures and EPC Projects. Steel Structures segment generated revenue of Rs. 21,117.72 lakh in Q3 FY26 compared to Rs. 20,692.36 lakh in the corresponding quarter of the previous year. The EPC Projects segment recorded revenue of Rs. 12,050.90 lakh against Rs. 17,360.26 lakh in Q3 FY25.

Preferential Issue Completion

The monitoring report disclosed significant developments regarding the company's preferential issue worth Rs. 290.77 crore. The 18-month exercise period for warrants expired on October 29, 2025, resulting in mixed outcomes for different investor groups. While promoter group successfully converted 100% of their warrant allocation, non-promoter groups left 3,25,00,000 warrants unexercised due to share prices trading below exercise price throughout the period.

Regulatory and Operational Updates

The company addressed regulatory developments in its financial statements, including the impact of new Labour Codes notified by the Government of India on November 21, 2025. The incremental impact consisting of gratuity of Rs. 2.64 lakh and long-term compensated absences of Rs. 0.25 lakh primarily arises due to change in wage definition. The Directorate of Enforcement had conducted search operations on April 16, 2025, at residential premises of key executives, with no further developments reported as of the current date.

Corporate Structure and Subsidiaries

The consolidated results include performance of multiple subsidiary and joint venture entities. The group structure comprises wholly owned subsidiary EMC Ltd, subsidiary entities including Salasar REW JV, Salasar Adorus Infra LLP, STEL-ME-JV, and Salasar RVNL JV, along with joint venture Sikka Salasar JV. These entities contributed total revenues of Rs. 2,060.76 lakh and net profit of Rs. 157.55 lakh during the quarter.

With the preferential issue monitoring process concluded and all raised funds completely utilized during Q3 FY26, the company indicated that future funding requirements would be addressed through internal accruals and external debt arrangements. The statutory auditors VAPS & Company conducted limited review of the financial results in accordance with regulatory requirements.