Meeting Details

  • Date: Friday, June 05, 2026
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Meeting Type: NCLT Convened Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors
  • Basis: Pursuant to Hon'ble National Company Law Tribunal, Allahabad Bench order dated April 06, 2026 (Company Application No. CA(CAA) No.6/ALD/2026)

Meeting Schedule

| Meeting Type | Start Time | End Time |

| Equity Shareholders | 12:00 p.m. | 12:40 p.m. |

| Secured Creditors | 03:00 p.m. | 03:12 p.m. |

| Unsecured Creditors | 04:00 p.m. | 04:15 p.m. |

Proposed Resolutions and Implications

The single resolution proposed across all meetings was to consider and approve the Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited on a going-concern basis.

Key Scheme Terms:

  • Appointed Date: April 1, 2025 (or as mutually decided by Boards with NCLT approval)
  • Consideration Structure:
  • 287,430 new equity shares of ₹1 each for every 100 equity shares of Hill View Infrabuild
  • 8,358 (5%) Non-cumulative Compulsorily Redeemable Preference Shares (CRPS) of ₹10 each for every 100 equity shares
  • CRPS Terms: 5% non-cumulative coupon, redeemable at par within 20 years, call option after 3 years, not listed
  • Fractional Shares: Equity fractions aggregated and sold by trust, CRPS fractions rounded to nearest whole number
  • Employee Transfer: All employees transfer without break in service on terms not less favorable
  • Designated Stock Exchange: BSE Limited

Voting Process and Methods

  • Remote e-voting: Conducted by CDSL from June 01, 2026 (9:00 AM) to June 04, 2026 (5:00 PM)
  • E-voting during meeting: Available for 15 minutes after discussion for those who didn't vote remotely
  • Cut-off date: May 29, 2026 for equity shareholders; December 31, 2025 for creditors
  • EVSN: 260430009 (CDSL electronic voting sequence number)

Key Voting Outcomes

Equity Shareholders Meeting

  • Total shareholders on record date: 483,301
  • Shareholders present virtually: 177 (10 Promoters, 167 Public)
  • Total shares outstanding: 1,747,950,290
  • Total votes polled: 795,542,863 shares (45.51% of outstanding)
  • Resolution result: PASSED with 99.72% in favor (793,351,967 votes)
Category-wise Voting Breakdown:

| Category | Shares Held | Votes Polled | % Polled | Votes For | % For | Votes Against | % Against |

| Promoter & Promoter Group | 825,651,296 | 792,371,296 | 95.97% | 792,371,296 | 100.00% | 0 | 0.00% |

| Public - Institutions | 90,239,271 | 2,340,956 | 2.59% | 257,519 | 11.00% | 2,083,437 | 89.00% |

| Public - Non Institutions | 832,059,723 | 830,611 | 0.10% | 723,152 | 87.06% | 107,459 | 12.94% |

| TOTAL | 1,747,950,290 | 795,542,863 | 45.51% | 793,351,967 | 99.72% | 2,190,896 | 0.28% |

Secured Creditors Meeting

  • Total secured creditors on record: 7
  • Total value outstanding: ₹34,829.56 lakh
  • Creditors participated: 6 (representing ₹34,715.87 lakh)
  • Resolution result: PASSED with 100% in favor (6 creditors, ₹34,715.87 lakh)

Unsecured Creditors Meeting

  • Total unsecured creditors on record: 902
  • Total value outstanding: ₹59,183.15 lakh
  • Creditors participated: 48 (representing ₹51,943.54 lakh)
  • Resolution result: PASSED with 100% in favor (48 creditors, ₹51,943.54 lakh)

Scrutinizer's Role and Findings

  • Scrutinizer: Mr. Sumit Agrawal, Chartered Accountant (Membership No. 405377)
  • Firm: M/s Sumit K.B. Agrawal & Co., Chartered Accountants
  • Appointment: By NCLT Allahabad Bench order dated April 06, 2026
  • Key findings:
  • Voting conducted fairly and transparently through CDSL platform
  • Requisite quorum present at all meetings
  • Resolutions passed with requisite majority as per Sections 230-232 of Companies Act, 2013
  • All voting records handed over to Company Secretary for safekeeping

Compliance Confirmation

  • Compliance with SEBI (LODR) Regulations, 2015 - Regulation 44
  • Compliance with Companies Act, 2013 - Sections 108, 230-232
  • Compliance with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
  • Compliance with NCLT Allahabad Bench order dated April 06, 2026

Signatories and Company Information

  • Company Secretary: Mohit Kumar Goel
  • Address: Unit 3- Khasra 686/6, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur, U.P.-245304

Additional Information

  • Voting results and scrutinizer report available on company website
  • The scheme received supporting documentation including:
  • Valuation report by Ms. Mallika Goel (IBBI Registered Valuer, Registration No. IBBI/RV/11/2022/14784)
  • Fairness opinion by D & A Financial Services Private Limited (SEBI Registered Category 1 Merchant Banker)
  • Chairperson for meetings: Shri Udai Chandani, Advocate appointed by NCLT