Notice of meeting of Secured Creditors of Sir Shadi Lal Enterprises Limited pursuant to the directions of the Hon''ble National Company Law Tribunal vide its order dated 17th October, 2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd has informed BSE about a meeting of its Secured Creditors being convened as per directions of the NCLT Allahabad Bench, which passed an order on 17th October 2025. The meeting will be held on Sunday, 30th November 2025 at 1:00 PM via video conferencing, with remote e-voting open from 26th November to 29th November 2025. The notice and explanatory statement have been issued under Sections 230-232 of the Companies Act, 2013, relating to compromises, arrangements, and amalgamations, suggesting a composite scheme is under consideration. The cut-off date for determining eligible secured creditors is 31st July 2025, with voting rights proportional to the outstanding dues as on that date.
Shareholders should watch this closely as the NCLT-convened creditor meeting is a key procedural step in approving a corporate scheme (likely restructuring or amalgamation). The outcome will determine whether the proposed scheme moves forward, which could materially affect the company's structure and shareholder value.