Notice of Meeting of Unsecured Creditors as per directions of NCLT, Allahabad
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd has been directed by the NCLT Allahabad Bench (order dated 17 October 2025) to convene a meeting of its unsecured creditors on 30 November 2025 at 3:30 PM via video conferencing. The meeting is to consider and approve a Composite Scheme of Arrangement involving the company being amalgamated with Triveni Engineering & Industries Ltd, while Triveni Power Transmission Ltd acts as the resulting company. The scheme was approved by the respective boards on 10 December 2024 and received no-objection observations from BSE and NSE in August 2025. Approval requires three-fourths in value of unsecured creditors voting in favour, and the cut-off date for eligibility is 31 July 2025. Remote e-voting runs from 26 to 29 November 2025, and KFin Technologies is the e-voting platform provider.
Shareholders should note this is a procedural step in a corporate restructuring scheme, not insolvency. The outcome of the creditor vote on 30 November will determine whether the merger/amalgamation proceeds to final NCLT sanction. If approved, Sir Shadi Lal will be merged into Triveni Engineering & Industries Ltd, which could affect shareholding structure and stock listing status.