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Salasar Techno Reports Operational Disruption Due to LPG Supply Shortage and Gulf Conflict
Salasar Techno Engineering has announced a disruption in operations caused by a force majeure restriction on LPG supply. The shortage stems from the Middle East conflict, impacting global fuel supplies and the company's production and EPC business. Furthermore, exports to the Gulf region have been hampered by the geopolitical situation. The company is currently evaluating the financial quantum of the loss while coordinating with Oil Marketing Companies for supply restoration.
Key Highlights
Force majeure declared due to LPG supply restrictions linked to Middle East conflict
Production, material delivery, and EPC business operations are adversely impacted
Exports to the Gulf region are facing direct disruption due to regional instability
Management is coordinating with OMCs and government bodies to secure essential fuel
Total financial impact is yet to be quantified and is under active evaluation
💼 Action for Investors
Investors should monitor the duration of the supply disruption as prolonged issues could significantly impact quarterly revenue and margins. Watch for further updates regarding the restoration of LPG supply and the stabilization of export routes.
Salasar Reports Zero Deviation in Utilization of ₹255.67 Cr Preferential Issue Proceeds
Salasar Techno Engineering has confirmed zero deviation in the utilization of ₹255.67 crores raised through a preferential issue of shares and warrants. The company utilized the majority of the funds, approximately ₹179.27 crores, for the acquisition of EMC Limited which was under liquidation. Another ₹76.19 crores were deployed toward working capital requirements to support operations. Notably, some warrants from the non-promoter group were not converted into equity as the market price remained below the exercise price of ₹14.40.
Key Highlights
Raised ₹255.67 crores out of a planned ₹290.77 crores through preferential allotment of shares and warrants.
Deployed ₹179.27 crores for the acquisition of EMC Limited, including EMD and interest payments.
Utilized ₹76.19 crores for working capital requirements against an original allocation of ₹95 crores.
Warrants worth approximately ₹35 crores remained unexercised as the stock price traded below the ₹14.40 exercise price.
Audit Committee and Monitoring Agency (CARE Ratings) confirmed no deviations from the revised objects of the issue.
💼 Action for Investors
Investors should monitor the integration and performance of the newly acquired EMC Limited assets, which was the primary use of the raised capital. The non-conversion of warrants suggests that the ₹14.40 level is a key psychological and technical benchmark for the stock.
Salasar Techno Q3 Net Profit Drops 65% YoY to ₹4.38 Cr; Revenue Down 16.5%
Salasar Techno Engineering reported a weak performance for Q3 FY26, with standalone net profit falling 65.4% year-on-year to ₹4.38 crore. Revenue from operations declined by 16.5% to ₹310.69 crore, primarily driven by a sharp 41.7% drop in the EPC Projects segment. While the nine-month revenue shows a growth of 8.4% YoY reaching ₹1,021.25 crore, the quarterly margins were significantly compressed. Additionally, the company forfeited ₹11.70 crore following the non-exercise of 3.25 crore warrants by non-promoters.
Key Highlights
Standalone Net Profit plummeted 65.4% YoY to ₹4.38 crore in Q3 FY26 from ₹12.65 crore in Q3 FY25.
Total Income for the quarter decreased 16.6% YoY to ₹312.47 crore compared to ₹374.61 crore last year.
EPC Projects segment revenue saw a significant decline of 41.7% YoY, falling to ₹100.42 crore.
The company forfeited ₹11.70 crore as 3.25 crore warrants held by non-promoters remained unexercised after the 18-month period.
Nine-month revenue grew 8.4% YoY to ₹1,021.25 crore, though nine-month PAT remained nearly flat at ₹30.96 crore.
💼 Action for Investors
Investors should exercise caution due to the sharp decline in quarterly profitability and execution headwinds in the EPC segment. Monitor management commentary for updates on the order book and margin recovery strategies.
Salasar Techno Receives NSE/BSE No-Objection for Hill View Infrabuild Amalgamation
Salasar Techno Engineering has received the formal 'No Objection' letters from both BSE and NSE on February 04, 2026, regarding its proposed merger with Hill View Infrabuild Limited. This regulatory clearance is a critical milestone, allowing the company to proceed with filing the scheme before the National Company Law Tribunal (NCLT). The stock exchanges have mandated extensive disclosures, including pre- and post-merger shareholding patterns and a detailed cost-benefit analysis for shareholders. The observation letter remains valid for six months, within which the company must initiate the NCLT process.
Key Highlights
Received 'No Objection' letters from BSE and NSE on February 04, 2026, for the proposed amalgamation.
The observation letter is valid for 6 months for the company to file the scheme with the NCLT.
Mandatory disclosure of all ongoing adjudication and enforcement actions against promoters and directors required.
Company must provide detailed synergy rationale and impact on revenue generating capacity to public shareholders.
Financials considered for the valuation report must not be more than 6 months old at the time of filing.
💼 Action for Investors
Investors should view this as a positive step toward consolidation; however, they should carefully review the upcoming NCLT disclosures regarding the merger's synergy and cost-benefit analysis.