Notice of Meeting of Secured Creditors as per directions of NCLT, Allahabad
Awaiting price reaction for this filing.
The NCLT Allahabad, by its order dated 17 October 2025, has directed a meeting of the secured creditors of Sir Shadi Lal Enterprises Ltd on 30 November 2025 (1:00 PM, via video conferencing) to vote on a Composite Scheme of Arrangement. Under the scheme, Sir Shadi Lal Enterprises will merge into Triveni Engineering & Industries Ltd (the amalgamated company), while a power transmission undertaking will be demerged into Triveni Power Transmission Ltd (the resulting company). The boards of all three companies approved the scheme in December 2024, and BSE and NSE issued no-objection observation letters in August 2025. The cut-off date to determine eligible secured creditors is 31 July 2025, and the resolution needs three-fourths in value of voting secured creditors to pass.
This is a procedural step in a proposed corporate restructuring, not an insolvency or distress event. For shareholders of Sir Shadi Lal, the key thing to watch is the final share swap ratio and the eventual NCLT sanction, which will determine their stake in the merged Triveni Engineering entity. The stock is unlikely to see a sharp reaction until voting results and final NCLT approval are in.