Sir Shadi Lal Enterprises Limited has announced a board meeting scheduled for January 29, 2025, to consider and approve the company's unaudited financial results for the third quarter of FY26. The announcement was made through a formal communication to the BSE Limited and the Department of Corporate Affairs on January 22, 2026.

Board Meeting Details

The meeting agenda includes consideration and approval of key financial documents for the reporting period:

Regulatory Compliance

The company has fulfilled its obligation under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates prior intimation to stock exchanges regarding board meetings that will consider financial results.

Trading Window Restrictions

In compliance with insider trading regulations, Sir Shadi Lal Enterprises Limited has implemented trading restrictions for designated persons:

The trading window closure was previously communicated to stakeholders on December 24, 2025, as part of the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons.

Corporate Communication

The formal notification was signed by Rakesh Kumar Yadav, Company Secretary (Membership No. A62974), and digitally authenticated on January 22, 2026. The communication ensures transparency and compliance with SEBI's disclosure requirements for listed companies.

The board meeting outcome and financial results will be submitted to the stock exchange following the meeting conclusion, after which normal trading activities for designated persons will resume.

Sir Shadi Lal Enterprises Limited (SSEL) has achieved a major milestone in its corporate restructuring journey with the National Company Law Tribunal (NCLT), Allahabad Bench, approving its composite scheme of arrangement. The Honourable Tribunal passed its order on December 16, 2025, under Company Petition No. 37/ALD/2025 connected with Company Application No. 29/ALD/2025, allowing the second motion petition.

NCLT Approval Details

The tribunal's approval represents a significant advancement from the earlier BSE approval. The composite scheme involves three key entities in a complex restructuring arrangement:

The scheme provides for the amalgamation of SSEL into TEIL and the demerger of the Power Transmission Business Undertaking (PTBU) of TEIL into TPTL under Sections 230-232 of the Companies Act, 2013.

Regulatory Compliance and Next Steps

Following the NCLT order, the tribunal has directed comprehensive notice requirements to various statutory authorities. These include notifications to:

• Central Government through Ministry of Corporate Affairs
• Regional Director (North) and Registrar of Companies, Uttar Pradesh
• Income Tax authorities for all three companies
• BSE Limited and National Stock Exchange of India Limited
• Official Liquidator, Ministry of Corporate Affairs

Publication and Hearing Schedule

The tribunal has mandated publication of notices in prominent national dailies - Financial Express (English) and Jansatta (Hindi) in all editions. All authorities have been given 30 days from receipt of notice to file representations, with the matter scheduled for further hearing on February 5, 2026.

Previous Regulatory Approvals

This NCLT approval builds upon the earlier 'no adverse observations' letter received from BSE Limited, which came with 13 specific conditions. The BSE approval had established the framework for the scheme, including requirements for:

• Detailed financial disclosures and valuation details
• Compliance with SEBI circulars on Schemes of Arrangement
• Specific conditions for the potential listing of Triveni Power Transmission Limited shares

Corporate Restructuring Impact

Rakesh Kumar Yadav, Company Secretary of Sir Shadi Lal Enterprises Limited, confirmed that the NCLT order has been made available on the company's website at www.sirshadilal.com for public reference. This transparency measure aligns with regulatory disclosure requirements.

The scheme represents a comprehensive corporate restructuring that will reshape the business landscape for all three entities involved. With NCLT approval now secured, the companies move closer to completing this significant corporate action, subject to final regulatory clearances and compliance with tribunal-mandated conditions.