Intimation of NCLT order dated 16.12.2025
Awaiting price reaction for this filing.
The NCLT Allahabad Bench, by order dated 16 December 2025, allowed the second motion petition in the composite scheme of arrangement involving Sir Shadi Lal Enterprises Ltd (SSEL), Triveni Engineering & Industries Ltd (TEIL), and Triveni Power Transmission Ltd (TPTL). Under this scheme, SSEL is proposed to be amalgamated into TEIL, while the PTB Undertaking of TEIL is to be demerged into TPTL. The Tribunal has directed notices to be issued to statutory authorities including SEBI, Income Tax, Central Government, BSE, NSE, and the Official Liquidator, giving them 30 days to raise objections. The matter has been posted for further hearing on 5 February 2026.
This is a procedural step, not a final approval. The scheme still needs to clear the next hearing and objections from authorities before it gets the green light. If ultimately approved, SSEL shareholders will become shareholders of TEIL, making the stock's long-term trajectory tied to TEIL rather than SSEL as a standalone entity.