Salasar Techno Engineering logo

Salasar Techno Engineering MD, chairman, board of directors and AGM

NSE: SALASARBSE: 540642Industrial ManufacturingSmall Cap

Last close ₹3.88down ₹0.16 (3.96%)BSE ₹3.88

Share price at the NSE close on 23 Oct 2026. Previous close ₹4.04.

52-week range of traded prices to 23 Oct 2026
₹3.80Low, 30 Sep 2026₹10.99High, 30 Oct 2025
Market cap
₹678 Cr1,351st largest listed
P/E
49.5
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
1.7%
ROCE
6.3%
Debt to equity
0.50
Volume, NSE
53,00,45459.2% delivered

Salasar Techno Engineering board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonALOK KUMAR
  • Managing directorSHASHANK AGARWAL

8 directors4 independent4 executive

  • ALOK KUMAR · ChairpersonExecutive · joined May 2006 · reappointed Sep 2025 · 1 listed board
  • SHASHANK AGARWAL · Managing directorExecutive · joined Aug 2016 · reappointed Dec 2021 · 2 listed boards · 1 as independent · 2 committee seats
  • SHALABH AGARWALExecutive · joined Jul 2014 · reappointed Dec 2021 · 1 listed board · 1 committee seat
  • TRIPTI GUPTAExecutive · joined Aug 2014 · reappointed Dec 2021 · 1 listed board · 1 committee seat
  • JAI KRISHAN AGGARWALIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • MUKESH KUMAR GARGIndependent · joined Nov 2020 · reappointed Sep 2023 · 67 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • RAJESH AGRAWALIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • GARIMA DHAMIJAIndependent · joined Aug 2021 · reappointed Sep 2024 · 58 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • SANJAY CHANDAK, left 18 Jan 2025: Tenure Completion
  • VIJAY KUMAR JAIN, left 18 Jan 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20268 of 8 present4 independent · 103 days in between
    • 14 Feb 20267 of 8 present3 independent

  • Audit Committee

    Chair JAI KRISHAN AGGARWAL

    MUKESH KUMAR GARG, RAJESH AGRAWAL, SHASHANK AGARWAL

    • 29 May 20264 of 4 present3 independent · 103 days in between
    • 14 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair MUKESH KUMAR GARG

    GARIMA DHAMIJA, RAJESH AGRAWAL, JAI KRISHAN AGGARWAL

    • 14 Feb 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair GARIMA DHAMIJA

    TRIPTI GUPTA, SHALABH AGARWAL

    • 28 Mar 20263 of 3 present1 independent · 41 days in between

  • Risk Management Committee

    Chair ALOK KUMAR

    SHASHANK AGARWAL, MUKESH KUMAR GARG

    • 28 Mar 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair TRIPTI GUPTA

    SHASHANK AGARWAL, GARIMA DHAMIJA

    • 28 May 20263 of 3 present1 independent · 60 days in between

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • VAPS & CompanyPeer-review certificate valid to Aug 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Salasar Techno Engineering AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Salasar Techno Engineering dividend history

Annual general meeting, 30 Sep 2026

4,74,039 shareholders on the register on 23 Sep 2026; present: 4 promoters and 121 others; votes counted by Mrs. Deepika Gaur / M/s Deepika Madhwal & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the financial year ended March 31, 2026 (Standalone & Consolidated)
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  2. Appointment of Ms. Tripti Gupta as a director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.98% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.39%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  3. Re-appointment of Mr. Shashank Agarwal (DIN: 00316141) as a Managing Director of the Company
    SpecialPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 83.09% · other public 1.31%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  4. Re-appointment of Mr. Shalabh Agarwal (DIN: 00316155) as a Wholetime Director of the Company;
    SpecialPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 83.09% · other public 1.31%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  5. Re-appointment of Ms. Tripti Gupta (DIN: 06938805) as a Whole-time Director of the Company.
    SpecialPromoters have an interest in it
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 83.09% · other public 2.40%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  6. Appointment of Mr. Aashish Sharma (DIN: 11923058) as a Non-Executive Independent Director of the company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  7. Appointment of Mrs. Nidhi Jain (DIN: 08697293) as a Non-Executive Independent Director of the company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.30%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  8. To consider and approve borrow money u/s 180(1)(c) of the Companies Act, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.41%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  9. Approval for Creation of Charge (s) /Mortgage (s) /Hypothecation (s) and/or other security interest(s) on the Properties and Assets of the Company under Section 180(1)(a) of the Companies Act, 2013.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.36%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

  10. Ratification of Remuneration of Cost Auditors for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 43.94% · promoters 98.70% · institutions 2.68% · other public 0.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 8 Aug 2026, 1 resolution

4,77,974 shareholders on the register on 1 Aug 2026; present: 10 promoters and 154 others; votes counted by Sumit Agrawal / M/s Sumit K.B. Agrawal & Co..The company's voting result (opens in a new tab)

  1. Resolution 1 :To consider and approve the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited.
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 2.53% · other public 0.11%

    Turnout: all 50.52% · promoters 100.00% · institutions 84.88% · other public 3.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 5 Jun 2026, 1 resolution

4,83,301 shareholders on the register on 29 May 2026; present: 10 promoters and 167 others; votes counted by Sumit Agrawal / M/s Sumit K.B. Agrawal & Co..The company's voting result (opens in a new tab)

  1. Resolution 1 :To consider and approve the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited.
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 89.00% · other public 12.94%

    Turnout: all 45.51% · promoters 95.97% · institutions 2.59% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2025, 6 resolutions

5,26,403 shareholders on the register on 20 Sep 2025; present: 9 promoters and 114 others; votes counted by DEEPIKA GAUR / DEEPIKA MADHWAL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements for the financial year ended March 31, 2025 (Standalone & Consolidated)
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.71%

    Turnout: all 47.08% · promoters 96.43% · institutions 4.46% · other public 0.11%

  2. Appointment of Mr. Shalabh Agarwal as a director, liable to retire by rotation- To appoint a director in place of Mr. Shalabh Agarwal (DIN: 00316155), who retires by rotation and being eligible, seeks re-appointment.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.08%

    Turnout: all 11.67% · promoters 23.60% · institutions 4.46% · other public 0.11%

  3. Re-appointment of M/s VAPS & Company, Chartered Accountants (FRN: 003612N), as Statutory Auditors (Second Term of 5 years)
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.67%

    Turnout: all 47.08% · promoters 96.43% · institutions 4.46% · other public 0.11%

  4. Approval for Continuation Beyond 70 Years of Age and Appointment of Mr. Alok Kumar (DIN: 01474484) as Whole-Time Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 19.16%

    Turnout: all 35.61% · promoters 72.83% · institutions 4.46% · other public 0.11%

  5. Appointment of M/s Deepika Madhwal & Associates, Company Secretaries as Secretarial Auditor of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.05%

    Turnout: all 47.08% · promoters 96.43% · institutions 4.46% · other public 0.11%

  6. Ratification of Remuneration of Cost Auditors for the financial year 2025-26.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.17%

    Turnout: all 47.08% · promoters 96.43% · institutions 4.46% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Apr 2025, 2 resolutions

5,15,263 shareholders on the register on 7 Mar 2025; votes counted by DEEPIKA GAUR / M/S DEEPIKA MADHWAL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Jai Krishan Aggarwal (DIN: 01060175) as a Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.50%

    Turnout: all 52.15% · promoters 98.90% · institutions 2.96% · other public 0.18%

  2. Appointment of Mr. Rajesh Agrawal (DIN: 08765416)) as a Non-Executive Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.79%

    Turnout: all 52.15% · promoters 98.90% · institutions 2.96% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 4 resolutions

Present: 12 promoters and 148 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt : a. the Audited Standalone Financial Statement of the Company for the Financial Year ended March 31, 2024 together with the reports of the Board of Directors and the Auditors thereon, and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 together with the report of the Auditors thereonMoreLess
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.03%

    Turnout: all 48.40% · promoters 87.00% · institutions 1.92% · other public 0.44%

  2. To appoint a director in place of Mr. Shashank Agarwal (DIN: 00316141), who is liable to retire by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 79.99% · other public 44.62%

    Turnout: all 48.40% · promoters 87.00% · institutions 1.92% · other public 0.44%

  3. Re-appointment of Ms. Garima Dhamija (DIN: 02155303) as an independent Director
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 46.06%

    Turnout: all 48.40% · promoters 87.00% · institutions 1.92% · other public 0.44%

  4. Ratification of Remuneration Payable to the Cost Auditor
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 45.96%

    Turnout: all 48.40% · promoters 87.00% · institutions 1.92% · other public 0.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Feb 2024, 4 resolutions

Present: 12 promoters and 157 others.The company's voting result (opens in a new tab)

  1. PREFERENTIAL ALLOTMENT OF UPTO 3,90,00,000 (THREE CRORES AND NINETY LAKHS ONLY) EQUITY SHARES TO THE PERSONS BELONGING TO NON-PROMOTER, PUBLIC CATEGORY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.79%

    Turnout: all 54.47% · promoters 85.70% · institutions 0.00% · other public 1.22%

  2. PREFERENTIAL ALLOTMENT OF UPTO 7,30,00,000 (SEVEN CRORES AND THIRTY LAKHS ONLY) FULLY CONVERTIBLE WARRANTS TO THE PERSONS BELONGING TO PROMOTER AND NON-PROMOTER,
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.91%

    Turnout: all 54.47% · promoters 85.70% · institutions 0.00% · other public 1.22%

  3. INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENT AMENDMENT IN CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 54.47% · promoters 85.70% · institutions 0.00% · other public 1.22%

  4. SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM NCT OF DELHI TO THE STATE OF UTTAR PRADESH AND CONSEQUENT AMENDMENT IN CLAUSE II OF THE MEMORANDUM OF ASSOCIATION
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.36%

    Turnout: all 54.47% · promoters 85.70% · institutions 0.00% · other public 1.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Jan 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. TO INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND CONSEQUENT ALTERATION IN CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 58.78% · promoters 90.58% · institutions 0.00% · other public 5.80%

  2. TO APPROVE THE ISSUE OF BONUS SHARES IN THE PROPORTION OF 4:1
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 58.76% · promoters 90.54% · institutions 0.00% · other public 5.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 27 Sep 2025, 1 fund house

  • Adoption of Audited Financial Statements for the financial year ended March 31, 2025 (Standalone & Consolidated)
    1 for0 against
  • Appointment of Mr. Shalabh Agarwal as a director, liable to retire by rotation- To appoint a director in place of Mr. Shalabh Agarwal (DIN: 00316155), who retires by rotation and being eligible, seeks re-appointment.MoreLess
    1 for0 against
  • Re-appointment of M/s VAPS & Company, Chartered Accountants (FRN: 003612N), as Statutory Auditors (Second Term of 5 years)
    1 for0 against
  • Approval for Continuation Beyond 70 Years of Age and Appointment of Mr. Alok Kumar (DIN: 01474484) as Whole-Time Director of the Company
    1 for0 against
  • Appointment of M/s Deepika Madhwal & Associates, Company Secretaries as Secretarial Auditor of the Company
    1 for0 against
  • Ratification of Remuneration of Cost Auditors for the financial year 2025-26.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeSales Tax Department, HapurSince 1 Apr 2019
    Appeal filed by Sales Tax Dept., Hapur against Tribunal order. Decision pending before Allahabad High Court
  • Tax disputeOffice of Assitant Commissioner Central Goods & Services Tax & Central Excise, Division RatlamSince 20 Dec 2025
    Appeal Filed. Hearing pending before Appellate Authority.
  • Tax disputeState Tax Officer, Mobile Squad Div-2. GujaratSince 19 Sep 2024
    Appeal filed on 19.09.2024. Hearing pending before Appellate Authority.
  • Tax disputeState Tax Officer, Mobile Squad. GujaratSince 25 Oct 2024
    Appeal filed on 09.11.2024. Hearing pending before Appellate Authority.
  • Tax disputeAssistant Excise & Taxation Officer, SonipatSince 22 Feb 2025
    Appeal filed on 23.04.2025. Hearing pending before Appellate Authority.
  • Tax disputeAssistant Excise & Taxation Officer, SonipatSince 24 Sep 2025
    Appeal filed on 29.12.2025. Hearing pending before Appellate Authority.
  • Tax disputeState Tax Officer, Mobile Squad. UttarakhandSince 6 Mar 2026
    Appeal filed on 06.03.2026. The appeal has been decided in favour of the Company; however, the order is Pending.
  • Tax disputeCommissioner Appeal, DehradunSince 12 Jun 2026
    Appeal filed on 12.06.2026. Hearing pending before Appellate Authority.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesApr 2024, checked by CARE Ratings Limited2.56Issue Related Expenses0.080.00No
Preferential IssuesApr 2024, checked by CARE Ratings Limited2.56Financing of Acquisition1.781.79No
Preferential IssuesApr 2024, checked by CARE Ratings Limited2.56Working Capital Requirements0.950.76No
Preferential IssuesApr 2024, checked by CARE Ratings Limited2.56Capital Expenditure including towards development, refurbishment and renovation of Assets0.100.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.