Intimation of Newspaper Advertisement regarding notice of the meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors published in Financial Express (English) and Jansatta ....
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises has published newspaper notices (Financial Express and Jansatta) on October 29, 2025, for meetings of its equity shareholders, secured creditors and unsecured creditors as directed by NCLT Allahabad Bench via its October 17, 2025 order. The meetings relate to a Composite Scheme of Arrangement involving three Triveni Group companies: Triveni Engineering & Industries (Amalgamated Company), Sir Shadi Lal Enterprises (Amalgamating Company), and Triveni Power Transmission (Resulting Company), along with their shareholders and creditors. All three meetings will be held via video conferencing on Sunday, November 30, 2025 — equity shareholders at 10:00 AM, secured creditors at 1:00 PM, and unsecured creditors at 3:30 PM. Remote e-voting runs from November 26 to November 28, 2025, with KFin Technologies as the e-voting agency and Ankit Kumar Singh as scrutinizer. The scheme requires three-fourths majority by value for approval, and public shareholders must vote in favor by more than those against it per SEBI norms.
This is a key procedural step toward the proposed amalgamation of Sir Shadi Lal Enterprises into Triveni Engineering & Industries. Shareholders should participate in the November 30 e-voting since their votes are crucial for scheme approval, which will reshape the company's ownership structure and future operations.