Salasar shareholders approve Hill View Infrabuild merger scheme

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

SALASAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹5.80

prior close

₹5.79

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.5% vs market

Industrial Products peers, median of 131sector-0.5%+0.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.4 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.2

15m

+0.0

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.4-0.5-0.5+0.4

Next day

+1.4+0.5+0.9-0.2+1.6

+3.1+0.6+2.5-0.5+3.6

+4.5+0.7+3.8-0.8+5.3

+5.0+1.1+3.9-0.6+5.6

+4.0+0.5+3.5-1.0+5.0

+2.6+1.3+1.3-0.1+2.7

15d

-2.2+0.5-2.8-1.5-0.7

-16.9-0.8-16.1-0.9-16.0

-29.0-0.9-28.0+1.2-30.1

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT-convened shareholder meeting on Aug 8, 2026 approved the Scheme of Amalgamation of Hill View Infrabuild with Salasar Techno Engineering. 99.75 percent of votes polled were in favour overall, and 98.11 percent from public shareholders. Swap ratio: 2,87,430 new equity shares of Rs 1 plus 8,358 5 percent non-cumulative CRPS of Rs 10 for every 100 Hill View shares. Appointed date April 1, 2025. Next step: NCLT sanction.

Likely market impact

Scheme moves to NCLT for final approval. If sanctioned, Hill View merges into Salasar with minor equity dilution and CRPS issuance.