Triveni Engineering & Industries Limited has informed the Exchange about General Updates - Record Date for issue of equity shares pursuant to Composite Scheme of Arrangement amongst Triveni Engineering and Industries Limited (the Company), Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited (TPTL), and their respective shareholders and creditors pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013 ( Scheme ).
TRIVENI · price
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Triveni Engineering & Industries Limited has announced that its Composite Scheme of Arrangement with Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited has become effective from May 19, 2026. As a result, SSEL, which was a subsidiary of TEIL, stands amalgamated into the company. The share exchange ratio is 100 equity shares of TEIL (face value INR 1) for every 137 equity shares of SSEL (face value INR 10) held. The company has fixed June 3, 2026 as the Record Date to determine SSEL shareholder eligibility for receiving TEIL shares.
SSEL shareholders will receive TEIL shares based on the exchange ratio, and TEIL's equity base will expand upon issuance of new shares. The stock may see increased trading activity around the record date.