Triveni Engineering fixes June 3 record date for SSEL merger
Triveni Engineering & Industries Limited has fixed June 3, 2026, as the record date to determine shareholder eligibility for the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited (TPTL). The Composite Scheme of Arrangement became effective on May 19, 2026, with an appointed date of April 01, 2025. SSEL shareholders will receive 100 equity shares of INR 1 each for every 137 equity shares of INR 10 each held.
*this image is generated using AI for illustrative purposes only.
Triveni Engineering & Industries Limited has fixed June 3, 2026, as the record date to determine the eligibility of shareholders for receiving equity shares pursuant to the Composite Scheme of Arrangement. The scheme, which became effective on May 19, 2026, involves the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited (TPTL) with Triveni Engineering. Consequently, SSEL stands dissolved without winding up.
The appointed date for the merger is April 01, 2025. Pursuant to the scheme, the financial results of SSEL for FY 2026 will be subsumed in the standalone financial results of the amalgamated company. The Board of Directors of Triveni Engineering fixed the record date on May 20, 2026, in consultation with the Board of Directors of SSEL.
Share Exchange Ratio
Under the terms of the arrangement, the equity shareholders of SSEL are entitled to receive shares of Triveni Engineering. The issuance of shares is subject to a specific exchange ratio approved under the scheme. For every 137 equity shares of INR 10 each held in SSEL, shareholders are entitled to receive 100 equity shares of INR 1 each in Triveni Engineering. These shares will be credited as fully paid-up without any application or action required from the shareholders.
| Parameter | Details |
|---|---|
| Record Date | June 3, 2026 |
| Scheme Effective Date | May 19, 2026 |
| Appointed Date | April 01, 2025 |
| SSEL Face Value | INR 10 |
| Triveni Face Value | INR 1 |
| Exchange Ratio | 137 SSEL shares : 100 Triveni shares |
The eligibility of SSEL shareholders to receive these equity shares will be determined based on their holdings on the record date. This disclosure is made in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Triveni Engineering & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | +2.36% | -9.59% | +6.28% | -10.86% | +167.73% |
How will the amalgamation of SSEL and TPTL impact Triveni Engineering's revenue mix and overall financial performance in FY2027?
What effect will the issuance of new Triveni Engineering shares to SSEL shareholders have on the company's equity dilution and earnings per share going forward?
Could the consolidation of these entities strengthen Triveni Engineering's competitive positioning in the sugar and power transmission sectors, potentially attracting institutional investor interest?
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