Merger20 May 2026, 05:51 pm
Sir Shadi Lal Enterprises: Record Date Fixed as June 3, 2026
AI Summary
Sir Shadi Lal Enterprises Ltd announced that June 3, 2026, is the record date for determining the eligibility of SSEL shareholders to receive equity shares of Triveni Engineering and Industries Ltd (TEIL) following the amalgamation. The scheme became effective on May 19, 2026, with the merger appointed date as April 1, 2025. SSEL shareholders will receive 100 equity shares of TEIL (face value ₹1 each) for every 137 shares of SSEL (face value ₹10 each). The financial results of SSEL for FY 2026 will be included in TEIL's standalone financial results.
Key Highlights
- Record date for SSEL shareholders to receive TEIL shares is June 3, 2026.
- SSEL amalgamated with Triveni Engineering and Industries Ltd effective May 19, 2026.
- Share exchange ratio: 100 TEIL shares for every 137 SSEL shares.
- SSEL's FY26 financial results will be included in TEIL's results.
Price Impact
More from SSLEL