Salasar Techno Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2024

1. The above audited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 30 -May -2024. These results have been audited by the Statutory Auditor of the Company who has issued an unqualified opinion thereon.



2. These audited 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. Figures for the quarter ended 31 March, 2024 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year. Also the figures upto the end of the third quarter had only been reviewed and not subjected to audit.



4. 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).



5. Pursuant to the approval of the shareholders through postal ballot (including remote e-voting), the Company in its Board Meeting held on 03/02/2024 has alloted 126,28,21,120 bonus equity shares of Re. 1/- each as fully paid-up bonus equity shares, in the proportion of 4 (four) equity share for every 1 (one) equity shares of Re. 1/- each to the equity shareholders of the Company as on record date of Februery 01, 2024.



Accordingly, as per the Ind AS 33 - Earning per share, the calculation of basic and diluted earning per share for all periods presented have been adjusted and reasted.



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



7. The audited standalone financial results for the quarter and year ended 31 March, 2024 are available on the website of the Company (www.salasartechno.com) and on Stock Exchanges website (www.bseindia.com and www.nseindia.com).