Triveni Engineering & Industries Ltd has officially confirmed the record date for the share swap following the successful amalgamation of its subsidiary, Sir Shadi Lal Enterprises Ltd (SSEL). Following the completion of the scheme on May 19, 2026, the company has set June 3, 2026, as the date to determine the eligibility of shareholders entitled to receive new equity shares under the approved exchange ratio.
Amalgamation Milestone
Following the effective date of the composite scheme of arrangement on May 19, 2026, Triveni Engineering & Industries Ltd (TEIL) has moved forward with the consolidation of its subsidiary, Sir Shadi Lal Enterprises Ltd (SSEL). This strategic move integrates the businesses under a single corporate entity, streamlining operations and shareholder interests.
Share Exchange Details
Under the terms of the approved scheme, the share exchange ratio has been finalized to ensure a fair distribution of equity for SSEL shareholders. For every 137 equity shares of SSEL held (with a face value of INR 10 each), shareholders will receive 100 equity shares of TEIL (with a face value of INR 1 each). These shares will be credited as fully paid, requiring no further action or application from the beneficiaries.
Determining Shareholder Eligibility
To facilitate the allotment process, the Board has declared June 3, 2026, as the official Record Date. Only those investors who are shareholders of SSEL as of the close of business on this date will be eligible to receive the new TEIL equity shares as per the prescribed exchange ratio.
Source: BSE
