It is hereby informed that June 3, 2026 has been fixed as the Record Date of for determining eligibility of SSEL shareholders for receiving equity shares of the Company.
TRIVENI · price
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Triveni Engineering & Industries has fixed June 3, 2026 as the Record Date for determining SSEL shareholder eligibility. The Composite Scheme of Arrangement between TEIL, Sir Shadi Lal Enterprises Ltd (SSEL), and Triveni Power Transmission Ltd became effective on May 19, 2026. Under the amalgamation, SSEL shareholders will receive TEIL shares in the ratio of 100 equity shares of TEIL (face value INR 1) for every 137 equity shares held in SSEL (face value INR 10). SSEL was a subsidiary of TEIL and now stands amalgamated into the parent company.
SSEL shareholders will receive TEIL shares credited as fully paid. This amalgamation consolidates the subsidiary into the parent company, potentially affecting the combined entity's fundamentals and share count.