Scheme effectiveness
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Limited has announced that a Composite Scheme of Arrangement involving three entities—Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited—has become effective today (May 19, 2026). The scheme was sanctioned by the Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench through orders dated May 7, 2026 and May 18, 2026. The effectiveness was completed upon filing certified copies of the NCLT orders with the concerned Registrar of Companies, with Form No INC 28 filed around 7:00 PM on May 19, 2026. This marks the completion of a significant corporate restructuring exercise involving the three companies and their respective shareholders and creditors.
The effectiveness of this NCLT-sanctioned scheme signals the completion of a major corporate restructuring. Shareholders and investors in the three companies should monitor for further disclosures regarding the specific terms of the arrangement (such as share exchange ratios or demerger details) which will determine the actual impact on valuations.