Triveni Engineering & Industries Limited has allotted 14,65,048 fully paid-up equity shares of Re 1 each to eligible equity shareholders of Sir Shadi Lal Enterprises Limited (SSEL). The Executive Sub-Committee of the Board approved the allotment at its meeting on June 9, 2026.
The allotment follows the composite Scheme of Arrangement sanctioned by the National Company Law Tribunal, Allahabad Bench through orders dated May 7, 2026 and May 18, 2026. The scheme involves Triveni Engineering as the amalgamated company, SSEL as the amalgamating company, and Triveni Power Transmission Limited (TPTL) as the resulting company.
SSEL equity shareholders as of the record date of June 3, 2026 received Triveni Engineering shares based on the share exchange ratio specified in the scheme. Triveni Engineering had informed stock exchanges about the record date on May 20, 2026.
Post allotment, the paid-up equity share capital of Triveni Engineering stands at Rs 22.04 crore, divided into 22,03,63,016 equity shares of Re 1 each. The newly allotted shares rank pari-passu with the existing equity shares in all respects, including dividend and voting rights.
Triveni Engineering will seek listing and trading of these shares on BSE Limited and the National Stock Exchange of India Limited. The composite scheme provides for the amalgamation of SSEL into Triveni Engineering, with TPTL emerging as the resulting company.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.