Sir Shadi Lal Enterprises Limited , a prominent player in the sugar and alcohol industry, has reported a significant insider transaction. Rajat Lal, the company's Managing Director, has increased his shareholding through an open market purchase, demonstrating confidence in the company's prospects.

Transaction Details

On December 6, 2021, Rajat Lal acquired 5,141 equity shares of Sir Shadi Lal Enterprises Limited through the open market. The transaction was valued at Rs. 10,11,272, implying an average price of approximately Rs. 196.71 per share.

Impact on Shareholding

Following this acquisition, Rajat Lal's stake in the company has increased as follows:

This purchase has resulted in a marginal increase of 0.10 percentage points in Lal's ownership of the company.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares and takeovers, Sir Shadi Lal Enterprises Limited has duly disclosed this transaction to the Bombay Stock Exchange (BSE).

Company Overview

Sir Shadi Lal Enterprises Limited operates in the sugar and alcohol/ethanol manufacturing sector. The company maintains two manufacturing units in Uttar Pradesh:

1. Upper Doab Sugar Mills at Shamli
2. Shamli Distillery and Chemical Works at Shamli

As of the latest available information, the total equity share capital of Sir Shadi Lal Enterprises Limited stands at 52,50,000 shares, each with a face value of Rs. 10.

Recent Corporate Developments

Sir Shadi Lal Enterprises Limited is currently involved in a significant corporate action. The company is part of a Composite Scheme of Arrangement that includes Triveni Engineering & Industries Limited and Triveni Power Transmission Limited. This scheme, which is pending regulatory approvals, involves the amalgamation of Sir Shadi Lal Enterprises into Triveni Engineering & Industries Limited.

The National Company Law Tribunal (NCLT) has directed meetings of equity shareholders, secured creditors, and unsecured creditors to consider and approve this scheme. These meetings are scheduled for November 30, 2025, indicating that the corporate restructuring process is ongoing.

This insider purchase by the Managing Director, amidst these corporate developments, may be seen as a positive signal regarding the company's future prospects and the potential benefits of the proposed amalgamation.

Investors and stakeholders should keep an eye on further developments related to both the insider transactions and the ongoing corporate restructuring process.

Sir Shadi Lal Enterprises Limited, a prominent player in the sugar industry, has announced significant changes to its secretarial auditor position. The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation of Previous Auditor

Mr. Rahul Saini, proprietor of M/s Rahul Saini & Company, Practicing Company Secretaries (Membership No. A 16716, COP No. 7009), has stepped down from his role as the Secretarial Auditor of Sir Shadi Lal Enterprises Limited. Mr. Saini's resignation, citing professional and health issues, took effect on August 4, 2025. He had been initially appointed by the Board of Directors on May 26, 2025, for a five-year term spanning from FY 2025-26 to 2029-30, subject to shareholder approval.

Appointment of New Auditor

Following Mr. Saini's resignation, the Board of Directors convened a meeting on August 5, 2025, to address the vacancy. The board has appointed M/s Deepak Dhir & Associates, Practicing Company Secretaries, as the new Secretarial Auditor for the company. The firm, represented by Mr. Deepak Dhir (Membership No. F11633, Certificate of Practice No. 17296), also holds a Peer Review Certificate No. 1918/2022.

Terms of Appointment

M/s Deepak Dhir & Associates has been appointed for a term of five consecutive years, commencing from the financial year 2025-26 and extending to 2029-30. This appointment, like the previous one, is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 8, 2025.

About the New Auditor

M/s Deepak Dhir & Associates brings over three years of experience to the role. The firm specializes in providing comprehensive professional services in the fields of Corporate Laws, Securities Laws, Compliance Management, and Secretarial and Management Consultancy Services. Their expertise is expected to contribute significantly to Sir Shadi Lal Enterprises Limited's compliance and governance practices.

Regulatory Compliance

The company has duly informed the stock exchange about these changes through the BSE Listing Centre, adhering to the regulatory requirements. The disclosure includes details as mandated under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This change in the secretarial auditor position marks an important development for Sir Shadi Lal Enterprises Limited as it moves forward with its corporate governance and compliance strategies.