Salasar Techno Engineering Limited has informed the Exchange about Copy of Newspaper Publication regarding the Notice of convening meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company under NCLT's Supervision.
SALASAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salasar Techno Engineering Limited has published newspaper advertisements notifying meetings of its Equity Shareholders, Secured Creditors, and Unsecured Creditors scheduled for May 5, 2026. These meetings are being held as per NCLT Allahabad Bench orders under Section 230-232 of the Companies Act, 2013 for approval of the Scheme of Amalgamation involving Hill View Infrabuild Limited (Transferor Company) merging into Salasar Techno Engineering Limited (Transferee Company). The advertisements were published in Business Standard (English and Hindi editions) on May 1, 2026. Separate meetings are timed for each class of stakeholders — Equity Shareholders at 12:00 PM, Secured Creditors at 3:00 PM, and Unsecured Creditors at 4:00 PM. Voting will be through e-voting and physical ballot, with CDSL and Bigshare Services handling the process.
This is a routine regulatory step in the amalgamation process. While no immediate impact on stock price is expected, successful approval by all creditor and shareholder classes will advance the merger, potentially affecting the company's consolidated financials and share structure going forward.