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 (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.