Financial Performance Overview
Salasar Techno Engineering Limited reported consolidated revenue of ₹1,502.77 crore for FY26, representing a 3.8% year-over-year increase from ₹1,447.43 crore in FY25. Profit After Tax stood at ₹17.63 crore compared to ₹19.13 crore in the previous year, while Profit Before Tax improved to ₹40.28 crore from ₹39.60 crore. The company maintained a strong order book position of approximately ₹2,160 crore and secured significant new orders worth approximately ₹300 crore from utilities including UPPTCL, RRVPNL, and PGCIL.
Operational Highlights and Capacity Expansion
The company operates four manufacturing facilities with combined production capacity of 211,000 MTPA located in Hapur, Uttar Pradesh and Bhilai, Chhattisgarh. Key operational achievements included supplying over 50,000 telecom towers, completing 892+ km of power transmission lines, and electrifying 1,320+ TKM of railway tracks. Employee strength stood at 1,349 with export contribution representing 6.65% of total turnover.
Strategic Corporate Development: EMC Limited Merger
The most significant development was the successful amalgamation of EMC Limited with Salasar Techno Engineering Limited. The NCLT approved the merger with October 23, 2024 as the Appointed Date, with Kolkata Bench approval received on May 22, 2026 and Allahabad Bench approval on October 29, 2025. The merger provides qualification to bid for 765 kV transmission projects (India's highest voltage class), enhanced execution capacity, specialized machinery for power systems, and combined engineering expertise under a single balance sheet.
Corporate Governance and Upcoming AGM
The company's 25th Annual General Meeting is scheduled for September 30, 2026, where shareholders will consider several resolutions including reappointment of three executive directors (Shashank Agarwal, Shalabh Agarwal, and Tripti Gupta), appointment of two new independent directors (Aashish Sharma and Nidhi Jain), increasing borrowing limits to ₹1,500 crore, and creation of charges on company assets. The board maintained adequate internal financial controls with zero data breaches reported under their comprehensive cybersecurity framework.
Segment Performance and Financial Position
The Steel Structures segment contributed ₹97,412.25 lakh in revenue while EPC Projects generated ₹55,295.24 lakh. Total assets stood at ₹2,153.77 crore with net worth of ₹834.39 crore. The company showed improved cash flow from operations at ₹89.20 crore compared to ₹12.79 crore in FY25. Key financial ratios indicated a current ratio of 1.16, debt-equity ratio of 0.44, and return on equity of 2.18%.
CSR Initiatives and Compliance
Corporate Social Responsibility expenditure totaled ₹1.38 crore against the required ₹1.30 crore, focused on education, healthcare, and community development programs across Uttar Pradesh. The company maintained compliance with all SEBI and Companies Act requirements, with secretarial audit showing no qualifications or adverse remarks. Contingent liabilities included bank guarantees of ₹354.23 crore and tax disputes amounting to ₹1.82 crore.