Proceedings of the meeting of the Equity Shareholders convened pursuant to orders passed by the NCLT, Allahabad Bench in respect of Composite Scheme of Arrangement
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises held an NCLT-ordered meeting of equity shareholders on November 30, 2025, via video conferencing, to consider a Composite Scheme of Arrangement involving Triveni Engineering & Industries, Sir Shadi Lal Enterprises, and Triveni Power Transmission. The meeting was chaired by retired NCLT member Mr. Subrata Kumar Dash, with a Practicing Company Secretary acting as scrutinizer for the e-voting process. Shareholders were given the facility to vote remotely and during the meeting, with results to be declared within 24 hours by the scrutinizer and then submitted to the NCLT. The actual voting outcome (whether shareholders approved the scheme) has not yet been disclosed in this filing. If approved by the requisite majority of equity and public shareholders, the scheme will still need further NCLT sanction and other regulatory approvals before becoming effective.
Shareholders should wait for the e-voting results, expected within 24 hours of the meeting, to know if the scheme has cleared this hurdle. Approval would move the arrangement closer to completion, but final effectiveness still depends on NCLT and other regulatory clearances — no immediate change to share price or shareholder position is expected from this update alone.