Voting Result with Scrutinizer Report of Equity Shareholders Meeting along with Scrutinizer Report of Secured & Unsecured Creditors meeting
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd held three NCLT-convened meetings on November 30, 2025 via video conferencing to seek approval for a Composite Scheme of Arrangement amongst Triveni Engineering & Industries Ltd, Sir Shadi Lal Enterprises Ltd, and Triveni Power Transmission Ltd. Equity shareholders approved the scheme overwhelmingly with 35,89,670 votes (99.95%) in favour and just 1,993 votes (0.05%) against, clearing the required three-fourths majority. Secured creditors — Punjab National Bank and ICICI Bank (combined debt of Rs 186.99 crore) — voted 100% in favour. The meetings were directed by the NCLT Allahabad Bench, and approvals now clear the path for the scheme to move forward for final NCLT sanction.
A clear positive milestone — with shareholders and secured creditors having approved the scheme by overwhelming margins, the arrangement is now positioned for final NCLT approval, which could trigger structural changes for the stock; expect further updates once NCLT sanction is granted.