Integrated Filing — IndAS



General information about company

Scrip Code 540642
NSE Symbol SALASAR
MSEI Symbol NOTLISTED
ISIN INE170V01027
Name of company SALASAR TECHNO ENGINEERING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-05-2026   13:00:00
End date and time of board meeting 29-05-2026   15:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 44,465.25 1,50,276.89
Other income 357.11 912.44
Total income 44,822.36 1,51,189.33
2 Expenses
(a) Cost of materials consumed 34,406.93 1,27,119.87
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 2,173.18 (5,667.90)
(d) Employee benefit expense 1,863.00 6,949.72
(e) Finance costs 1,430.04 5,559.82
(f) Depreciation, depletion and amortisation expense 621.24 2,556.97
(f) Other Expenses
1 Other Expenses 4,622.25 10,642.76
Total other expenses 4,622.25 10,642.76
Total expenses 45,116.64 1,47,161.24
3 Total profit before exceptional items and tax (294.28) 4,028.09
4 Exceptional items 0.00 0.00
5 Total profit before tax (294.28) 4,028.09
6 Tax expense
7 Current tax 356.73 1,656.43
8 Deferred tax 715.84 609.09
9 Total tax expenses 1,072.57 2,265.52
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (1,366.85) 1,762.57
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (1,366.85) 1,762.57
17 Other comprehensive income net of taxes 87.10 204.16
18 Total Comprehensive Income for the period (1,279.75) 1,966.73
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (1,249.06) 1,721.63
Total profit or loss, attributable to non-controlling interests (117.78) 40.95
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (1,161.96) 1,925.79
Total comprehensive income for the period attributable to owners of parent non-controlling interests (117.78) 40.95
21 Details of equity share capital
Paid-up equity share capital 17,479.50 17,479.50
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 65,904.58
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.08 0.1
Diluted earnings (loss) per share from continuing operations -0.08 0.1
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.08 0.1
Diluted earnings (loss) per share from continuing and discontinued operations -0.08 0.1
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The above audited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 29-May-2026.These results have been audited by the Statutory Auditor of the Company who has issued an unqualified opinion thereon. 2.These audited consolidated 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.On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact consisting of gratuity of Rs. 2.64 lakhs and long-term compensated absences of Rs. 0.25 lakhs primarily arises due to change in wage definition in Profit & Loss a/c. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 5.The Company allotted 8,61,80,000 warrants on April 30, 2024 on a preferential basis. The 18-month exercise period expired on October 29, 2025. All warrants held by Promoters were exercised and converted into equity shares. In respect of 3,25,00,000 warrants held by Non-Promoters that remained unexercised, 25% of the issue price aggregating to Rs. 1,170 lakhs has been forfeited in accordance with the terms of issue. 6.The Hon'ble National Company Law Tribunal, Kolkata Bench-ll, Kolkata, vide its Order dated May 22, 2026, has sanctioned the Scheme of Amalgamation of EMC Limited (“Transferor Company”) with Salasar Techno Engineering Limited (“Transferee Company”). The Appointed Date of the Scheme is October 23, 2024. Further, the Hon’ble National Company Law Tribunal, Allahabad Bench, Prayagraj, had earlier approved the aforesaid Scheme on the petition filed by the Transferee Company on October 29, 2025. The Company is in the process of completing the necessary formalities as directed by the NCLT to give effect to the Merger. Since the merger not yet completed the effect of merger will be taken in June Quarter. 7.Figures for the previous periods / year have been regrouped, wherever necessary, to confirm to the current period's classification. 8.The audited consolidated financial results for the quarter and year ended 31 Mar, 2026 are available on the website of the Company (www.salasartechno.com) and on Stock Exchanges website (www.bseindia.com and www.nseindia.com). 9.Figures for the quarter ended 31st Mar 2026 and the corresponding quarter ended in 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 subject to audit.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 41,719.47
Capital work-in-progress 778.76
Investment property 0.00
Goodwill 127.04
Other intangible assets 1,818.24
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 21,570.93
Total of other non-current financial assets 21,570.93
Total non-current financial assets 21,570.93
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 1,118.08
Total of other non-current assets 1,118.08
Total non-current assets 67,132.52
2 Current assets
Inventories 50,171.97
Current financial asset
Current investments 3.62
Trade receivables, current 64,447.17
Cash and cash equivalents 368.87
Bank balance other than cash and cash equivalents 4,047.08
Loans, current 0.00
Other current financial assets
Total of other current financial assets 16,842.58
Total current financial assets 85,709.32
Current tax assets (net) 0.00
Other current assets
1 Other current assets 12,370.81
Total of other current assets 12,370.81
Total current assets 1,48,252.10
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,15,384.62
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 17,479.50
Other equity 65,904.58
Total equity attributable to owners of parent 83,384.08
Non controlling interest 54.67
Total equity 83,438.75
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 943.89
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 636.41
Total of other non-current financial liabilities 636.41
Total non-current financial liabilities 1,580.30
Provisions, non-current 592.78
Deferred tax liabilities (net) 2,157.06
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 6.15
Total of other non-current liabilities 6.15
Total non-current liabilities 4,336.29
Current liabilities
Current financial liabilities
Borrowings, current 40,514.36
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 613.96
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 18,749.60
Total Trade payable 19,363.56
Other current financial liabilities
1 Other current financial liabilities 321.94
Total of other current financial liabilities 321.94
Total current financial liabilities 60,199.86
Other current liabilities 66,939.25
1 Other current liabilities 66,939.25
Total of other current liabilities 66,939.25
Provisions, current 63.73
Current tax liabilities (Net) 406.74
Deferred government grants, Current 0.00
Total current liabilities 1,27,609.58
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,31,945.87
Total equity and liabilites 2,15,384.62
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Steel Structures 32,807.17 97,412.25
2 EPC Projects 12,499.22 55,295.24
Total Segment Revenue 45,306.39 1,52,707.49
Less: Inter segment revenue 841.14 2,430.60
Revenue from operations 44,465.25 1,50,276.89
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel Structures 3,461.07 10,544.31
2 EPC Projects (1,684.91) 1,281.81
Total Profit before tax 1,776.16 11,826.12
i. Finance cost 1,430.04 5,559.82
ii. Other Unallocable Expenditure net off Unallocable income 640.40 2,238.21
Profit before tax (294.28) 4,028.09
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel Structures 97,098.29 97,098.29
2 EPC Projects 86,714.62 86,714.62
Total Segment Asset 1,83,812.91 1,83,812.91
Un-allocable Assets 31,571.71 31,571.71
Net Segment Asset 2,15,384.62 2,15,384.62
4 Segment Liabilities
Segment Liabilities
1 Steel Structures 40,235.68 40,235.68
2 EPC Projects 48,320.51 48,320.51
Total Segment Liabilities 88,556.19 88,556.19
Un-allocable Liabilities 43,389.67 43,389.67
Net Segment Liabilities 1,31,945.86 1,31,945.86
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans 33.47 58.59
2 Revaluation Surplus on Property, Plant & Equipment 58.40 156.66
Total Amount of items that will not be reclassified to profit and loss 91.87 215.25
2 Income tax relating to items that will not be reclassified to profit or loss 4.77 11.09
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 87.10 204.16



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,028.09
Adjustments for reconcile profit (loss)
Adjustments for finance costs 5,559.82
Adjustments for decrease (increase) in inventories (16,194.88)
Adjustments for decrease (increase) in trade receivables, current (20,047.65)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 4,991.29
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 7,020.79
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 6,623.35
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 21,769.03
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,556.97
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 58.01
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 684.73
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (0.64)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 143.02
Other adjustments for non-cash items 1,935.19
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 13,729.57
Net cash flows from (used in) operations 17,757.66
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,656.43
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 16,101.23
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 6,825.91
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 675.52
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (16,693.46)
Net cash flows from (used in) investing activities (22,843.85)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 1,117.44
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 10,999.60
Repayments of borrowings 1,143.38
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 5,559.82
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1,170.00
Net cash flows from (used in) financing activities 6,583.84
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (158.78)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (158.78)
Cash and cash equivalents cash flow statement at beginning of period 527.65
Cash and cash equivalents cash flow statement at end of period 368.87





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 VAPS & Company Yes 31-08-2027