Sir Shadi Lal Enterprises Ltd — Important, 28-10-2025: Company Update

Sir Shadi Lal Enterprises (SSEL) is calling a Secured Creditors meeting to approve a Composite Scheme of Arrangement. SSEL will merge into Triveni Engineering & Industries Ltd (TEIL). SSEL shareholders will receive 100 TEIL shares (INR 1 FV) for every 137 SSEL shares (INR 10 FV). Additionally, TEIL's gears and defense business (PTB Undertaking) will demerge into Triveni Power Transmission Ltd (TPTL). TEIL shareholders will get one TPTL share (INR 2 FV) for every three TEIL shares (INR 1 FV). This plan aims to streamline operations, boost efficiency, and create focused entities, unlocking shareholder value. Valuers have determined these share exchange ratios are fair.