Salasar Techno Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Sep 2024

1. The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 22-October-2024. The statutory auditors of the Company have conducted limited review of these financial results, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.



2. These unaudited standalone financial results are prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules , 2016.



3. The Company is engaged in the business of two segments i.e. 1) Manufacturing of Galvanized and Non-galvanized Steel Structures i.e. Steel Structure and 2) Engineering, Procurement and Construction (EPC).



4. The company has participated in E Auction for acquisition of M/s EMC Ltd (under Liquidation) organised by the Liquadator (As appointed by Hon'ble NCLT, Kolkata) on 14.03.2024 and was declared successful bidder for acquisition of M/s EMC Ltd as going concern. The company has now paid full amount of Rs 179.27 Crores and the Liquidator is in the process of transferring the company to M/s Salasar Techno Engineering Ltd.



5. Figures for the previous periods / year have been regrouped, wherever necessary, to confirm to the current period's classification.



6. The unaudited standalone financial results for the quarter and half year ended 30 Sep, 2024 are available on the website of the Company (www.salasartechno.com) and on Stock Exchanges website (www.bseindia.com and www.nseindia.com).