Salasar Techno Engineering Limited — Board Meeting, 30-12-2024: Outcome of Board Meeting

The Board of Directors of Salasar Techno Engineering Limited has approved the amalgamation of Hill View Infrabuild Limited with the company. The transaction reinforces the consolidation of group resources, streamlining operations, and enhancing shareholder value. Salasar Techno, primarily involved in manufacturing telecom and railway towers, will benefit from the Transferor's investment support and synergies in project execution. In exchange, shareholders of Hill View will receive equity shares and preference shares in Salasar Techno, establishing a more efficient capital structure. No cash consideration is involved in the scheme.