Merger7 May 2026, 07:41 pm
Sir Shadi Lal Enterprises: NCLT Approves Scheme
AI Summary
The National Company Law Tribunal (NCLT), Allahabad Bench, has sanctioned the Composite Scheme of Arrangement amongst Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited, and their respective shareholders and creditors. The order was pronounced on May 07, 2026. The effective date of the scheme will be intimated to the stock exchanges in due course, once the conditions outlined in Clause 7 of the Scheme are fulfilled.
Key Highlights
- NCLT Allahabad approves the Composite Scheme of Arrangement.
- The scheme involves Triveni Engineering, Sir Shadi Lal Enterprises, and Triveni Power Transmission.
- The order was pronounced on May 07, 2026.
- The effective date will be announced after fulfilling Clause 7 conditions.