Salasar Techno Engineering (SALASAR) — Corporate Action

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.

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About Salasar Techno Engineering Limited (SALASAR)

Metals & Mining · Steel · Listed on NSE

Market Cap: ₹1,024.3 Cr P/E: 73.3 ROE: 1.8% ROCE: 8.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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