Salasar Techno Engineering holds meetings for Hill View amalgamation

Salasar Techno Engineering Limited held meetings for its equity shareholders, secured creditors, and unsecured creditors on June 05, 2026, to seek approval for the amalgamation of Hill View Infrabuild Limited with the company. The meetings were convened via video conferencing in compliance with the directions of the National Company Law Tribunal (NCLT), Allahabad Bench, and the applicable provisions of the Companies Act, 2013. The proceedings were overseen by Mr. Udai Chandani, Advocate, as Chairperson, and Ms. Babita Jain, Advocate, as Alternate Chairperson, with Mr. Sumit Agrawal, Chartered Accountant, serving as the Scrutinizer.

The remote e-voting facility was available to stakeholders from Monday, June 01, 2026, at 9:00 A.M. IST until Thursday, June 04, 2026, at 5:00 P.M. IST. Participants who had not cast their votes during the remote e-voting period were permitted to vote electronically during the meetings. The equity shareholders raised queries during their session, which were addressed by the company's legal counsel, while the secured creditors raised no queries. Unsecured creditors also raised queries, which were suitably addressed.

The primary business transacted at all three meetings was the approval of the proposed Scheme of Amalgamation. The resolution required a requisite majority to pass. The voting results will be declared and disseminated on the websites of the stock exchanges, the company, and Central Depository Services (India) Limited (CDSL) upon receipt of the Scrutinizer's Report.

Meeting Details

S. No.	Name of Meeting	Meeting Time
1.	Meeting of Equity Shareholders	12:00 Noon
2.	Meeting of Secured Creditors	03:00 P.M.
3.	Meeting of Unsecured Creditors	04:00 P.M.

Resolution Table

S. No.	Particulars	Type of Resolution
1.	To approve the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited.	Requisite Majority

The meetings concluded at 12:40 p.m. IST for equity shareholders, 03:12 p.m. IST for secured creditors, and 04:15 p.m. IST for unsecured creditors. Mr. Pramod Kumar Kala, Chief Financial Officer, proposed a vote of thanks at the conclusion of each session.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.01%	-4.22%	-8.71%	-24.25%	-23.91%	-1.45%

Salasar Techno Engineering Limited reported a 3.3% increase in standalone revenue from operations to ₹1,45,916.59 lakh for the financial year ended March 31, 2026, while standalone net profit declined by 12.1% to ₹4,457.84 lakh. On a consolidated basis, the company recorded a net loss of ₹1,366.84 lakh in Q4, widening from a loss of ₹523.46 lakh in the same quarter of the previous year, alongside a revenue decline to ₹44,465.25 lakh from ₹48,331.41 lakh year-on-year. The Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s VAPS & Co., Statutory Auditors, issued an audit report with an unmodified opinion on the results.

Standalone Annual Financial Performance

The company's standalone total income for FY26 stood at ₹1,46,508.72 lakh, compared to ₹1,41,762.80 lakh in the previous year. Total expenses increased to ₹1,40,495.06 lakh from ₹1,34,842.26 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a standalone net profit of ₹1,361.86 lakh, a decrease from ₹1,931.09 lakh in the corresponding quarter of the previous year. Basic earnings per share for FY26 were ₹0.26, down from ₹0.30 in the previous year.

The following table summarises the key standalone annual financial metrics:

Metric	FY26 (₹ in Lakh)	FY25 (₹ in Lakh)
Income from Operations	1,45,916.59	1,41,261.04
Total Income	1,46,508.72	1,41,762.80
Total Expenses	1,40,495.06	1,34,842.26
Net Profit	4,457.84	5,071.00
Basic EPS (₹)	0.26	0.30

Consolidated Q4 Performance

On a consolidated basis, Q4 results reflected a more challenging picture, with revenue declining to ₹44,465.25 lakh from ₹48,331.41 lakh year-on-year. The consolidated net loss for Q4 widened to ₹1,366.84 lakh compared to a loss of ₹523.46 lakh in the same quarter of the prior year, underscoring pressure at the group level even as the standalone entity remained profitable for the full year.

The following table presents the consolidated Q4 performance:

Metric	Q4 FY26	Q4 FY25
Revenue	₹44,465.25 Lakh	₹48,331.41 Lakh
Net Loss	₹1,366.84 Lakh	₹523.46 Lakh

NCLT-Sanctioned Amalgamation with EMC Limited

In a significant regulatory development, the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench-II, sanctioned the Scheme of Amalgamation of EMC Limited with Salasar Techno Engineering Limited via an order dated May 22, 2026. The Hon'ble NCLT, Allahabad Bench, Prayagraj, had previously approved the scheme on October 29, 2025. The appointed date for the amalgamation is October 23, 2024. The company stated that it is in the process of completing necessary formalities to give effect to the merger, which will be reflected in the June quarter.

The trading window for dealing in the company's securities reopened on May 31, 2026, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made to the stock exchanges pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.