Salasar Techno Engineering Ltd

Dematerialisation/rematerialisation status

• Certificate under Regulation 74(5) received from the RTA for the reporting quarter.

AGM Details

• Date: 30 September 2026; Time: 11:30 IST; Mode: VC/OAVM.
• Held through VC/OAVM in compliance with MCA/SEBI guidelines.

Key Resolutions

• 1: Adoption of Audited Financial Statements (Standalone & Consolidated); Ordinary.
• 2: Appointment of Tripti Gupta as Director, liable to retire by rotation; Ordinary.
• 3: Re-appointment of Shashank Agarwal as Managing Director; Special.
• 4: Re-appointment of Shalabh Agarwal as Whole-time Director; Special.
• 5: Re-appointment of Tripti Gupta as Whole-time Director; Special.
• 6: Appointment of Aashish Sharma as Non-Executive Independent Director; Special.
• 7: Appointment of Nidhi Jain as Non-Executive Independent Director; Special.
• 8: Borrow money under Section 180(1)(c); Special.
• 9: Creation of Charge / Mortgage on assets under Section 180(1)(a); Special.
• 10: Ratification of Cost Auditors' remuneration for 2026-27; Ordinary.

Voting Results

• Voting outcomes for all resolutions are not disclosed in the excerpt.

Director Changes

• Tripti Gupta appointed as Director, liable to retire by rotation.
• Shashank Agarwal re-appointed as Managing Director.
• Shalabh Agarwal re-appointed as Whole-time Director.
• Tripti Gupta re-appointed as Whole-time Director.
• Aashish Sharma appointed as Non-Executive Independent Director.
• Nidhi Jain appointed as Non-Executive Independent Director.

Auditor Appointments

• No changes to statutory or secretarial auditors announced.

Material Related Party Transactions

• No material related party transactions disclosed in proceedings.

Other Material Approvals

• Borrowing under Section 180(1)(c) approved.
• Creation of Charge on assets under Section 180(1)(a) approved.

Rating Action & Key Details

• Long Term Bank Facilities rated IVR A/RWNI; rating reaffirmed with watch negative implications.
• Short Term Bank Facilities rated IVR A1/RWNI; rating reaffirmed with watch negative implications.
• Total bank loan facilities rated: Rs 831.73 crore.
• Rating agency: Infomerics Valuation and Rating Ltd.
• Rating watch with negative implications; rating validity is one year from Oct 05, 2026.
• Regulator: RBI for rated bank facilities.

Details

• Target Company: Salasar Techno Engineering Limited.
• Disclosing party: Promoter group of Salasar Techno Engineering Limited.
• Acquirers: Alok Kumar, Shikhar Gupta, Kamlesh Gupta, Tripti Gupta, Shikhar Fabtech Pvt. Ltd.
• Acquirers (cont.): Shashank Agarwal, Shalabh Agarwal, Gyanendra Agarwal, Hill View Infrabuild Ltd, Taru Agarwal.
• Acquirers (cont.2): Mithilesh Aggarwal, Anshu Agarwal, Bharat Agarwal.
• Transaction: Acquisition of voting rights.
• Pre-transaction holding: 76,74,68,621 shares (43.91%).
• Acquired: 49,781,600 shares (2.85%).
• Mode: Inter-se transfer through Gift (off-market).
• Date: 16-09-2026.
• Post-transaction holding: 76,74,68,621 shares (43.91%).
• Equity share capital before/after: 174,79,50,290 shares.
• Total diluted share capital: 174,79,50,290 shares.
• Promoter group: Yes.

Key Update

• ED issued Provisional Attachment Order under PMLA on Sep 12, 2026; company received it on Sep 15, 2026.
• Aggregate attached immovable property value is ₹98,31,25,000 for 180 days.
• Bhilai plant total value ₹66,46,60,000; attachment ₹40,95,00,000.
• Solar Plant at Village Naini, UP; total value ₹101,53,20,000; attached ₹57,36,25,000.
• Directors not named as accused; business operations continue normally.