Salasar Techno Engineering Limited has informed the Exchange about general update for announcement under regulation 30 of SEBI (LODR) Reg 2015.
SALASAR · price
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The National Company Law Tribunal (NCLT), Kolkata Bench-II has sanctioned the Scheme of Amalgamation of EMC Limited (Transferor Company) into Salasar Techno Engineering Limited (Transferee Company). The order was pronounced on May 22, 2026, with the Appointed Date being October 23, 2024 (backdated effective date for accounting purposes). NCLT Allahabad Bench had previously approved the same scheme. The company is awaiting the certified copy of the NCLT order for filing with the Registrar of Companies in Kolkata. Upon filing, EMC Limited will be dissolved without winding up, and Salasar Techno Engineering Limited will absorb its assets, liabilities, and operations.
This amalgamation will consolidate EMC Limited into Salasar Techno Engineering Limited, potentially creating operational synergies and expanding the company's scale. The backdated appointed date means financial impact will be recognized from October 2024. Shareholders should monitor for updates on the exchange ratio and any impact on valuations once the scheme is fully effective.