Salasar Techno Engineering Limited (SALASAR) — Corporate Action

📢 Key Event
Shareholders approved the amalgamation scheme with Hill View Infrabuild Limited.

🔄 What Changed
95.97% shareholder approval clears merger path; 2,87,430 share exchange ratio and 5% CRPS issuance details confirmed.

🔮 What's Next
Board authorized to implement scheme including NCLT-approved modifications.

💡 Investor Takeaway
Shareholders gain simplified structure through merger with no immediate dilution beyond stated share exchange.

Salasar Techno Engineering's shareholders approved the amalgamation with Hill View Infrabuild via overwhelming 95.97% vote in favor, clearing the final hurdle for the merger effective April 1, 2025. The scheme involves exchanging 2,87,430 new shares for every 100 held and issuing 5% non-cumulative compulsorily redeemable preference shares redeemable after 3 years up to 20 years. All creditor classes and shareholders endorsed the proposal, with the NCLT's scrutiny report confirming compliance. The Board now holds authority to implement the scheme, including modifications approved by the Tribunal.

📄 View Original Announcement (PDF)

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