Intimation of NCLT order dated 7th May, 2026
Awaiting price reaction for this filing.
The NCLT Allahabad Bench has approved a Composite Scheme of Arrangement involving three companies. Part A involves the amalgamation of Sir Shadi Lal Enterprises Ltd (Amalgamating Company) into Triveni Engineering & Industries Ltd (Amalgamated Company). Sir Shadi Lal shareholders will receive 100 shares of Triveni (face value INR 1 each) for every 137 shares held in Sir Shadi Lal (face value INR 10 each). Sir Shadi Lal will be dissolved and delisted. Part B involves the demerger of PTB (Power Transmission Business) from Triveni Engineering into Triveni Power Transmission Ltd (Resulting Company). Triveni shareholders will receive 1 share of Triveni Power Transmission for every 3 Triveni shares held. The amalgamation has appointed date of April 1, 2025 and demerger has appointed date of April 1, 2026. The company noted an inadvertent error in the NCLT order and is filing for rectification.
Sir Shadi Lal Enterprises shareholders will receive Triveni Engineering shares and the company will be delisted. Triveni Engineering shareholders will also receive shares in the new Triveni Power Transmission entity for the demerged business. This is a major restructuring that will change the listed entity landscape for all three companies.