Trading in the equity shares of Sir Shadi Lal Enterprises Limited (SSEL) will be suspended effective June 4, 2026, following the fixation of a record date by Triveni Engineering & Industries Limited . The record date of June 3, 2026, has been established to determine the shareholders entitled to receive shares pursuant to a composite scheme of arrangement. This scheme involves Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited, along with their respective shareholders and creditors.

The composite scheme has been approved by the Hon'ble National Company Law Tribunal (NCLT) under the provisions of Sections 230 to 232 of the Companies Act, 2013. In light of the upcoming record date, necessary steps have been initiated for the suspension and deactivation of the ISIN and trading of SSEL securities. The ISIN number for Sir Shadi Lal Enterprises Limited is INE117H01019, and the stock code is 532879.

The communication regarding the suspension was addressed to BSE Limited, confirming that the trading halt will commence from June 4, 2026. The move ensures that the share register is accurately updated to reflect the entitlements arising from the scheme of arrangement. The record date is critical for identifying the eligible shareholders who will benefit from the corporate restructuring.

Key Details of the Arrangement

The scheme aims to consolidate the operations and structure of the involved entities. Shareholders of Sir Shadi Lal Enterprises Limited are advised to take note of the suspension date and the record date to ensure their entitlements are processed correctly.

Triveni Engineering & Industries Ltd reported a net profit of ₹268.7 crore for the financial year ended March 31, 2026, a 12.8% increase from ₹238.3 crore in the previous year. Revenue from operations for FY26 stood at ₹7,620.9 crore, up 11.9% from ₹6,807.9 crore in FY25. The results include the financial impact of the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL), effective from April 1, 2025, with figures restated to reflect the acquisition date of June 20, 2024. The Board of Directors recommended a final dividend of ₹1.25 per equity share, subject to shareholder approval.

Quarterly Performance

On a quarterly basis, Triveni Engineering's consolidated net profit for Q4FY26 came in at ₹167.4 crore, compared to ₹187.1 crore in the same period last year. Revenue for the quarter stood at ₹1,833.7 crore versus ₹1,925.3 crore year-on-year. EBITDA for Q4 declined to ₹285.7 crore from ₹317.4 crore in the corresponding quarter of the previous year. The standalone quarterly net profit was reported at ₹167.38 crore on revenue of ₹1,833.69 crore.

Annual Financial Performance

For the full year, the company's earnings per share (EPS) increased to ₹12.2 from ₹10.9 in the previous year. Total comprehensive income for the year rose to ₹270.8 crore. Profit Before Tax (before exceptional items) stood at ₹378.2 crore. The board also approved the appointment of Mr Rishi Mohan Bansal as Cost Auditor for the Sugar Business for FY 2026-27.

Corporate Actions

The Board fixed Monday, August 31, 2026, as the record date to determine shareholder eligibility for the final dividend. The 90th AGM will be held via video conferencing on September 7, 2026. The trading window for designated persons, which was closed, will reopen 48 hours after the submission of the Board meeting's outcome to the stock exchanges.

Operational Highlights

Net turnover (net of excise duty) for FY26 increased by 10.6% due to higher sales volume in sugar and distillery segments and improved sugar realisation prices, while the Engineering business registered a marginal increase of 1%. Profitability (before exceptional items) during FY26 was higher by 16.7%, attributable mainly to the Distillery segment on account of lower procurement costs of maize and other production efficiencies. The company concluded a record buyback of ₹800 crore in FY23 and declared a dividend of ₹2.75 per equity share for FY26. The Board approved a scheme for the amalgamation of SSEL with Triveni Engineering & Industries Ltd and the demerger of the Power Transmission Business to Triveni Power Transmission Limited (TPTL).