Triveni Group Initiates Trading Suspension for SSEL Shares Amid Composite Scheme of Arrangement
Triveni Engineering & Industries Limited announced the implementation of measures related to the suspension of trading in the securities of Sir Shadi Lal Enterprises Limited (SSEL). The action follows the fixing of a Record Date concerning a Composite Scheme of Arrangement involving Triveni Engineering and Industries Limited, SSEL, and Triveni Power Transmission Limited (TPTL).The Composite Scheme of Arrangement, approved by the National Company Law Tribunal (NCLT) and operating under Sections 230 to 232 of the Companies Act, 2013, aims to determine the shareholders entitled to receive shares.
The company confirmed that the Record Date for determining these entitled shareholders was fixed on June 03, 2026.
Consequently, necessary steps have been completed for the suspension and deactivation of the ISIN and trading in the securities of Sir Shadi Lal Enterprises Limited. This action is effective from June 04, 2026.
The details of the impacted entity and timeline are provided below:
| Entity | Action | Effective Date |
|---|---|---|
| Sir Shadi Lal Enterprises Limited (SSEL) | Suspension/Deactivation of Trading | June 04, 2026 |
This arrangement pertains to the three entities—Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited—as they proceed with the Scheme of Arrangement.
TRIVENI Stock Price Movement
As of 3:10 PM, shares of Triveni Engineering & Industries Limited are shedding 2.79% in live trading, currently at ₹366. The stock is experiencing considerable liquidity, trading on a total volume of 530,769 shares.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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