Merger20 May 2026, 05:51 pm
Sir Shadi Lal: Record Date for Merger with Triveni Engineering
AI Summary
Sir Shadi Lal Enterprises Ltd announced a record date of June 3, 2026, to determine the eligibility of shareholders for receiving equity shares of Triveni Engineering and Industries Ltd (TEIL) following the merger. The merger, effective May 19, 2026, involves the amalgamation of Sir Shadi Lal with TEIL, with an appointed date of April 1, 2025. Shareholders will receive 100 equity shares of TEIL for every 137 shares held in Sir Shadi Lal. The financial results of Sir Shadi Lal for FY 2026 will be included in TEIL's standalone financial results.
Key Highlights
- Record date is June 3, 2026, for SSEL shareholders to receive TEIL shares.
- Merger of Sir Shadi Lal with Triveni Engineering is effective May 19, 2026.
- Share exchange ratio: 100 TEIL shares for every 137 SSEL shares.
- SSEL's FY26 financial results will be part of TEIL's standalone results.
- The appointed date for the merger/amalgamation is April 01, 2025.
Price Impact
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