it is hereby informed that June 3, 2026 has been fixed as the Record Date for determining such eligibility of Sir Shadi Lal Enterprises Limited shareholders for receiving equity shares of the Company
TRIVENI · price
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Triveni Engineering & Industries Ltd has fixed June 3, 2026 as the Record Date for determining eligibility of Sir Shadi Lal Enterprises Limited (SSEL) shareholders to receive equity shares. The Composite Scheme of Arrangement between TEIL, SSEL, and Triveni Power Transmission Limited became effective on May 19, 2026, resulting in the amalgamation of SSEL (a subsidiary) into TEIL. Under the share exchange ratio, for every 137 equity shares of SSEL (face value INR 10), shareholders will receive 100 equity shares of TEIL (face value INR 1) as fully paid-up shares.
SSEL shareholders will receive TEIL shares based on the fixed exchange ratio. Post-amalgamation, TEIL's share capital will increase as new shares are issued to SSEL shareholders. This is a positive development for SSEL shareholders as they receive listed TEIL shares in exchange.