SALASAR

Salasar Techno Engineering Limited's Board of Directors, at its meeting on May 29, 2026, approved the appointment of M/s Alok Mittal & Associates (FRN: 005717N) as the Internal Auditor for the Financial Year 2026-27. This appointment is in accordance with SEBI Regulations, 2015.

Salasar Techno Engineering Limited reported consolidated financial results for the quarter ended March 31, 2026. Revenue from operations decreased to ₹444.65 Cr from ₹483.31 Cr (▼8.0% YoY). EBITDA declined to ₹17.57 Cr from ₹23.55 Cr (▼25.4% YoY). The company reported a Net Loss of ₹12.49 Cr compared to a Net Profit of ₹5.30 Cr in the prior year quarter. EBITDA Margin contracted from 4.87% to 3.95% (▼92bps).

Salasar Techno Engineering Limited announced that the NCLT Kolkata Bench-II has sanctioned the scheme of amalgamation of EMC Limited with Salasar Techno Engineering Limited via an Order dated May 22, 2026. The appointed date for the scheme is October 23, 2024. This follows a prior approval from the NCLT Allahabad Bench.

Salasar Techno Engineering Limited announced meetings for its Equity Shareholders, Secured Creditors, and Unsecured Creditors on Friday, June 5, 2026. These meetings, held via Video Conferencing, are to consider and approve the Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited, as directed by the NCLT order dated April 06, 2026. Details for remote e-voting and cut-off dates for eligibility are also provided.

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Salasar Techno Engineering Limited announced the closure of its trading window from April 01, 2026, until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026, as per SEBI Insider Trading Regulations.

Salasar Techno Engineering Limited reported a disruption in LPG supply due to the Middle East conflict, adversely impacting its production activities, material delivery, EPC operations, and exports. The company is evaluating the impact and coordinating with authorities to secure supply.

Salasar Techno Engineering reported on preferential issue proceeds utilization for Q3FY26. Of the 290.77 Cr preferential issue, 255.67 Cr remains unutilized. Warrants from non-promoters were not converted as shares traded below the exercise price. Timelines for issue-related expenses were extended.

Salasar Techno Engineering Limited reported a ~12% shortfall in fundraising from its preferential issue (Rs. 290.77 Cr) for Q3FY26, impacting project timelines and viability due to unexercised warrants. The Directorate of Enforcement also conducted a search operation on the Chairman & Managing Director and Joint Managing Director in April 2025.

Consolidated Revenue ₹330.78Cr vs ₹375.18Cr (▼11.8% YoY), EBITDA ₹26.50Cr vs ₹31.72Cr (▼16.5% YoY), PAT ₹6.51Cr vs ₹11.94Cr (▼45.5% YoY). EBITDA Margin 8.01% vs 8.45% (▼44bps).