Notice of Meeting of Unsecured Creditors of Sir Shadi Lal Enterprises Limited pursuant to the directors of the Hon''ble National Company Law Tribunal, Allahabad Bench vide its order dated ....
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises has been directed by the NCLT Allahabad Bench (order dated October 17, 2025) to hold a meeting of its unsecured creditors to vote on a proposed scheme under Sections 230 to 232 of the Companies Act, 2013. The meeting is scheduled for November 30, 2025, at 3:30 PM via video conferencing, with remote e-voting open from November 26 to November 29, 2025. The cut-off date to determine eligible unsecured creditors is July 31, 2025, with voting rights proportional to the outstanding amount owed by the company. The notice and explanatory statement are available on the company's website, filed in compliance with SEBI LODR Regulation 30.
This signals the company is pursuing a corporate restructuring scheme (likely a composite scheme of arrangement) that requires creditor approval. Shareholders should monitor the outcome of the November 30 meeting, as approval could lead to changes in the company's capital structure, debt profile, or business arrangement, potentially impacting the stock.