Notice of Meeting of Equity Shareholders as per directions of NCLT, Allahabad Bench
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Limited (SSEL) has issued a notice for an NCLT-convened meeting of its equity shareholders on Sunday, 30th November 2025 at 10:00 AM via video conferencing. The meeting will consider a Composite Scheme of Arrangement involving three companies: Triveni Engineering & Industries (Amalgamated/Demerged Company), Sir Shadi Lal Enterprises (Amalgamating Company), and Triveni Power Transmission (Resulting Company). The scheme was approved by the boards on 10th December 2024, received no-objection letters from BSE and NSE in August 2025, and the NCLT Allahabad Bench passed the order to convene this meeting on 17th October 2025. The cut-off date for e-voting eligibility is 23rd November 2025, with remote e-voting running from 26th to 29th November 2025. The scheme requires approval by three-fourths in value of equity shareholders voting, plus a majority of public shareholders voting in favour.
Shareholders of SSEL need to vote on this scheme before 29th November 2025. If approved, SSEL will merge into Triveni Engineering and a portion of Triveni Engineering will demerge into Triveni Power Transmission — essentially restructuring the Triveni Group companies. Approval could reshape shareholding structure and trigger share-swap entitlements, while rejection could stall the consolidation plan.