Salasar Techno Engineering Limited has secured approval from its equity shareholders, secured creditors, and unsecured creditors for the amalgamation of Hill View Infrabuild Limited. The meetings, convened via video conferencing on June 05, 2026, complied with the directions of the National Company Law Tribunal (NCLT), Allahabad Bench, and the applicable provisions of the Companies Act, 2013. The resolutions were passed with the requisite majority, paving the way for the scheme to be presented to the NCLT for final sanction.

The proceedings were overseen by Mr. Udai Chandani, Advocate, as Chairperson, and Ms. Babita Jain, Advocate, as Alternate Chairperson. Mr. Sumit Agrawal, Chartered Accountant, served as the Scrutinizer. The remote e-voting facility was available from June 01, 2026, until June 04, 2026, with participants also 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.

Voting Results Summary

The resolution to approve the Scheme of Amalgamation received strong support across all stakeholder classes. The equity shareholders approved the scheme with 99.72% of the valid votes cast in favour. Both secured and unsecured creditors passed the resolution with 100% of the voting value in favour.

Scheme Details

Under the approved scheme, Salasar Techno Engineering Limited will issue 2,87,430 new equity shares of ₹1 each fully paid-up to the shareholders of Hill View Infrabuild Limited for every 100 equity shares of ₹10 each held. Additionally, the company will issue 8,358 5% non-cumulative compulsorily redeemable preference shares (CRPS) of ₹10 each fully paid-up for every 100 equity shares held. The CRPS will carry a coupon rate of 5% per annum and will be redeemed at par within a maximum period of 20 years from the date of issue. The appointed date for the scheme is April 01, 2025, subject to NCLT approval.

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:

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:

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.