Salasar Techno Engineering Announces Amalgamation of Subsidiary, Posts 107% Return in Three Years

Salasar Techno Engineering Limited, a leading provider of customized steel infrastructure solutions, has announced the amalgamation of its wholly-owned subsidiary, EMC Limited, with itself. This strategic move aims to enhance operational efficiencies and streamline the corporate structure by consolidating resources and eliminating redundancies.

The decision was made during a board meeting held on March 26, 2025, and is subject to approval from the National Company Law Tribunal (NCLT). As EMC is a wholly-owned subsidiary, no new shares will be issued, and the company's equity share capital will remain unchanged.

Salasar Techno Engineering has experienced significant growth, with its stock price increasing by over 107% in the past three years. The company has also reported a strong order book of ₹2,198 crore as of December 2024. In Q3 FY25, Salasar Techno Engineering saw a 33.3% year-on-year increase in net sales to ₹375.18 crore and a 23.3% rise in net profit to ₹11.95 crore.

Domestic Institutional Investors (DIIs) have shown confidence in the company, purchasing 1,500,000 shares in December 2024. This acquisition represents a 0.09% stake in Salasar Techno Engineering.

The amalgamation is expected to improve customer satisfaction by providing uniform product and service experiences, enhance operational synergies, and reduce regulatory compliances.

Sources: Business Standard, DSIJ Intelligence, Good Returns.