Salasar Techno Engineering held a fresh (de novo) Extraordinary General Meeting (EGM) of equity shareholders on Saturday, August 08, 2026, to transact business regarding the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited. The meeting was convened as per the specific directions of the Hon’ble National Company Law Tribunal, Allahabad Bench (“NCLT”), and was conducted through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”). The primary objective was to obtain shareholder approval for the amalgamation scheme involving both companies and their respective shareholders and creditors.

The proceedings were presided over by Mr. Udai Chandani, Advocate, appointed as Chairperson by the NCLT, with Ms. Babita Jain, Advocate, serving as Alternate Chairperson. Mr. Sumit Agrawal, Chartered Accountant, acted as the Scrutinizer for the meeting. Legal Counsel Mr. Kartikeya Goel assisted in conducting the meeting, while Chief Financial Officer Mr. Pramod Kumar Kala and Company Secretary & Compliance Officer Mr. Mohit Kumar Goel attended from the corporate office in Noida. The Chairperson confirmed that the requisite quorum was present via Central Depository Services (India) Limited (CDSL) before commencing the agenda.

The meeting was held in compliance with the Companies Act, 2013, relevant Ministry of Corporate Affairs circulars, and Securities and Exchange Board of India regulations. Mr. Kartikeya Goel briefed members on the proposed Scheme of Amalgamation, noting that the notice, explanatory statement, and scheme documents had been previously circulated and taken as read. Shareholders were invited to raise queries through the chat box, which were addressed by the legal counsel. Speaker shareholders also raised questions in accordance with requests received by the Company Secretary.

Voting was conducted via remote e-voting and during the meeting. The remote e-voting period commenced on Tuesday, August 04, 2026, at 9:00 A.M. IST and concluded on Friday, August 07, 2026, at 5:00 P.M. IST. During the EGM, CDSL opened the voting line for 15 minutes to allow shareholders who had not voted remotely to cast their votes electronically. After the 15-minute window, the voting line was closed by CDSL and the Scrutinizer.

The single item of business transacted was the approval of the Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited, classified as a resolution requiring requisite majority. The final voting results have not yet been declared; they will be disseminated on the websites of the stock exchanges, the company, and CDSL upon receipt of the Scrutinizer’s Report. The meeting concluded at 12:59 p.m. IST after the CFO proposed a vote of thanks.

Meeting Details

Regulatory Context

The convening of this de novo meeting was mandated by the NCLT, Allahabad Bench, vide its order dated June 11, 2026, read with an earlier order dated April 06, 2026. The company submitted the summary of proceedings to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The amalgamation process involves the consolidation of Hill View Infrabuild Limited into Salasar Techno Engineering Limited, affecting their respective shareholders and creditors.

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.