Salasar Techno Engineering Limited has published newspaper advertisements regarding its proposed merger with Hill View Infrabuild Limited, following the National Company Law Tribunal order dated April 06, 2026, for stakeholder meetings scheduled for June 5, 2026.

NCLT Order and Regulatory Background

The Tribunal by an Order dated April 06, 2026 has directed to hold meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company for considering and approving the Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. This development follows previous disclosures dated December 30, 2024 and February 04, 2026.

Newspaper Advertisement Publication

On May 1, 2026, the company submitted copies of newspaper advertisements to stock exchanges under Regulation 30 of SEBI Listing Regulations. The advertisements were published to notify stakeholders about the merger proceedings and upcoming meetings.

Meeting Schedule and Structure

The company will conduct three separate meetings on June 5, 2026, through video conferencing and other audio-visual means. The meetings are structured to accommodate different stakeholder groups with specific time slots.

E-voting Facility and Cut-off Dates

Salasar Techno Engineering has arranged comprehensive e-voting facilities to ensure stakeholder participation. Remote e-voting will be available through CDSL platform during a specified period before the meetings.

Voting rights are determined based on specific cut-off dates for different stakeholder categories. Equity shareholders whose names are recorded as on Friday, May 29, 2026, shall be entitled to exercise voting rights in proportion to their shareholding in the paid-up equity share capital. For Secured and Unsecured Creditors, the cut-off date is December 31, 2025, with voting rights proportional to the outstanding amount due to the Company.

Regulatory Compliance and Documentation

The disclosure has been made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company has referenced previous disclosures and maintains compliance with NCLT directives for the merger proceedings.

The notice, explanatory statement, and annexures for all stakeholder meetings are available on the company's website. The documentation includes detailed procedures for remote e-voting, e-voting during meetings, and attending meetings through video conferencing facilities. The merger scheme, if approved in the meetings, will be subject to subsequent approval from the National Company Law Tribunal, Allahabad Bench.

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.