Salasar Techno Engineering Limited — Board Meeting, 26-03-2025: Outcome of Board Meeting
26-03-2025 · 01:55 pm
The Board of Directors of Salasar Techno Engineering Limited has announced a board meeting where they approved the Scheme of Amalgamation of EMC Limited, a wholly owned subsidiary, with Salasar Techno Engineering Limited. This merger aims to consolidate operations, improve resource management, and enhance overall business efficiencies. There will be no issuance of new shares due to the nature of the merger. Additionally, the scheme is subject to approval from the necessary authorities, including the NCLT, and is expected to provide financial stability and streamline operations for both companies.
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