Triveni Engineering & Industries Limited has informed the Exchange about Scheme of Arrangement - 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 announced that its Composite Scheme of Arrangement involving the amalgamation of subsidiary Sir Shadi Lal Enterprises Limited (SSEL) into TEIL has become effective as of 19 May 2026. SSEL shareholders will receive equity shares of TEIL in a share exchange ratio of 100 equity shares of TEIL (face value INR 1 each) for every 137 equity shares held in SSEL (face value INR 10 each). The Record Date for determining eligibility of SSEL shareholders to receive these shares has been fixed as 3 June 2026.
SSEL shareholders will receive TEIL shares on 3 June 2026 based on the fixed exchange ratio. This marks the completion of the amalgamation process, consolidating SSEL fully into TEIL.