Sir Shadi Lal Enterprises Limited (SSEL) has completed a major restructuring through its amalgamation with Triveni Engineering & Industries Limited (TEIL).
The Hon’ble NCLT, Allahabad Bench has approved the Composite Scheme of Arrangement, under which Sir Shadi Lal Enterprises Limited is being merged into Triveni Engineering & Industries Limited.
This step is aimed at streamlining operations, eliminating duplication across businesses, and capturing synergies in the sugar, alcohol, ethanol, and distillery segments.
Here’s what it means for shareholders
SSEL shareholders will now receive Triveni Engineering & Industries Limited shares in exchange for their SSEL shares.
Record Date: June 3, 2026
Exchange Ratio:
100 fully paid-up equity shares of Triveni Engineering & Industries Limited
for every 137 fully paid-up equity shares of Sir Shadi Lal Enterprises Limited
Key Highlights
Appointed Date: April 1, 2025
Scheme Effective Date: May 19, 2026
Approval Authority: NCLT, Allahabad Bench
Post-Merger Status:
- Sir Shadi Lal Enterprises Limited stands dissolved without winding up.
- Triveni Engineering & Industries Limited will continue as the listed company.