Request for Issue Order for Suspension of Trading in Equity Shares of Sir Shadi Lal Enterprises Limited
TRIVENI · price
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Triveni Engineering & Industries Ltd has informed BSE that trading in the equity shares of Sir Shadi Lal Enterprises Limited (SSEL) will be suspended with effect from June 4, 2026. This follows the Record Date of June 3, 2026, fixed for determining shareholders entitled to receive shares under a Composite Scheme of Arrangement. The scheme, approved by the National Company Law Tribunal (NCLT) under Sections 230-232 of the Companies Act, 2013, involves Triveni Engineering & Industries Ltd, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited. SSEL has already been renamed to Triveni Engineering & Industries Ltd, indicating the merger aspect is largely complete, with the demerger to Triveni Power Transmission Ltd still being executed.
Shareholders of Sir Shadi Lal Enterprises Limited will receive shares of Triveni Engineering & Industries Ltd (and possibly Triveni Power Transmission Ltd) in exchange for their SSEL holdings based on the scheme's swap ratio. Existing SSEL investors should note that the stock will stop trading from June 4, 2026, so any open positions need to be settled before that date.