Triveni Engineering & Industries Completes Amalgamation of SSEL Under Scheme of Arrangement
Triveni Engineering & Industries Limited announced that the Composite Scheme of Arrangement involving the Company, Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL) became effective on May 19, 2026. This scheme resulted in the amalgamation of Sir Shadi Lal Enterprises Ltd. (SSEL), which is a subsidiary of Triveni Engg. & Ind. Ltd. (TElL).Following the effectiveness of the scheme, the equity shareholders of SSEL are entitled to receive equity shares of TElL in accordance with a specific share exchange ratio.
The share exchange ratio dictates that for every 137 equity shares of the Amalgamating Company (SSEL) held, shareholders will receive 100 equity shares of the Amalgamated Company (TElL).
The details of the exchange ratio and share characteristics are as follows:
| Detail | Amalgamating Company (SSEL) | Amalgamated Company (TElL) |
|---|---|---|
| Shares Required | 137 equity shares | 100 equity shares |
| Face Value | INR 10 each | INR 1 each |
| Status | N/A | Credited as fully paid |
The issuance of the shares is contingent upon determining the eligibility of shareholders as of the specified record date. Triveni Engineering & Industries Limited has fixed June 3, 2026, as the official Record Date for determining the eligibility of SSEL shareholders to receive the equity shares of the Company.
TRIVENI Stock Price Movement
Today, shares of Triveni Engineering & Industries Limited slipped by 1.20% to settle at ₹370.2. The equity traded on a volume of 477,744 shares, finding support near its intraday low of ₹369.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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