Newspaper Advertisement for Notice of Petition in the matter of Scheme of Arrangement between Triveni Engineering & Industries Limited , Sir Shadi Lal Enterprises Limited and Triveni Power ....
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd has published newspaper notices in Financial Express (English) and Jansatta (Hindi) on January 2, 2026, regarding a petition filed before the NCLT Allahabad Bench for sanction of a composite Scheme of Arrangement. Under this scheme, Sir Shadi Lal Enterprises (Amalgamating Company) will merge into Triveni Engineering & Industries (Amalgamated Company), while the power transmission business will move into Triveni Power Transmission Ltd (Resulting Company). The petition was first heard on December 16, 2025, and is now listed for final hearing in February 2026. Any shareholder or creditor wishing to support or oppose the petition must send written notice to the Petitioner Companies' advocate at least 2 days before the hearing date.
This is a routine procedural update in an ongoing merger-cum-demerger process; the actual impact on shareholders will depend on the share swap ratio and final NCLT approval. Shareholders and creditors who wish to oppose or support the scheme have a limited window to file their intentions before the February 2026 hearing.