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Sir Shadi Lal Enterprises Limited has secured an NCLT order to convene meetings for its composite scheme of arrangement. The plan involves amalgamating SSEL into Triveni Engineering & Industries Limited (TEIL) and demerging TEIL's Power Transmission Business into Triveni Power Transmission Limited (TPTL). SSEL shareholders are set to receive 100 TEIL shares for every 137 SSEL shares. TEIL shareholders will get 1 TPTL share for every 3 TEIL shares. This strategic restructuring aims to consolidate sugar and distillery operations, boost efficiency, and create focused growth for the power transmission and defense segments, potentially unlocking value for investors. Meetings for SSEL equity shareholders and creditors are scheduled for November 30, while TEIL's will be held on December 7, for approval.