Triveni Engineering and Industries Limited has announced the completion of the amalgamation process with Sir Shadi Lal Enterprises Limited (SSEL). Following the effectiveness of the scheme on May 19, 2026, the company has officially fixed June 3, 2026, as the Record Date to determine shareholder eligibility for the new share issuance.
Amalgamation Scheme Implementation
Following the successful conclusion of the Composite Scheme of Arrangement, Sir Shadi Lal Enterprises Limited (SSEL) has officially become part of Triveni Engineering and Industries Limited. The merger, which became effective on May 19, 2026, consolidates the operations of the subsidiary under the parent entity.
Share Exchange Details
Under the terms of the approved scheme, shareholders of SSEL are set to receive equity shares of Triveni Engineering and Industries Limited. The approved share exchange ratio dictates that for every 137 equity shares of SSEL held (with a face value of INR 10), eligible shareholders will receive 100 equity shares of the company (with a face value of INR 1), fully paid-up. This process will be completed automatically without any further action required from the shareholders.
Important Timeline
The company has confirmed that the Record Date for determining the eligibility of SSEL shareholders is June 3, 2026. Only shareholders whose names appear in the records as of this date will be entitled to the issuance of the new equity shares. This milestone marks a significant step in the corporate restructuring process, streamlining the organizational structure for long-term growth.
Source: BSE
