Triveni Engineering sets record date for equity share issuance under amalgamation scheme

Kinjal — Wed, 20 May 2026 12:00:30 +0000

Triveni Engineering & Industries has announced that June 3, 2026, will be the record date for determining the eligibility of shareholders of Sir Shadi Lal Enterprises Limited (SSEL) to receive equity shares of Triveni Engineering. This follows the effective date of the Composite Scheme of Arrangement, which became operational on May 19, 2026.

Under the scheme, SSEL, a subsidiary of Triveni Engineering, has been amalgamated into the parent company. Shareholders of SSEL will receive shares in Triveni Engineering in a specified exchange ratio. For every 137 equity shares of SSEL with a face value of ₹10 each, shareholders will receive 100 equity shares of Triveni Engineering with a face value of ₹1 each, fully paid.

The issuance of these shares is contingent upon the determination of eligibility as of the record date, which has been set in consultation with the Board of Directors of SSEL. This strategic move is part of the company’s ongoing efforts to streamline operations and enhance shareholder value.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sir Shadi Lal Enterprises | Business Upturn

Triveni Engineering sets record date for equity share issuance under amalgamation scheme