Triveni Engineering Completes SSEL Amalgamation, Sets June 3 Record Date

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AuthorVihaan Mehta|Published at:
Triveni Engineering Completes SSEL Amalgamation, Sets June 3 Record Date
Overview

Triveni Engineering & Industries Ltd. has fully integrated its subsidiary, Sir Shadi Lal Enterprises Ltd. (SSEL). The amalgamation is effective from May 19, 2026. SSEL shareholders will receive TEIL shares based on a set ratio, with June 3, 2026, as the record date.

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Triveni Engineering Completes SSEL Amalgamation

Triveni Engineering & Industries Ltd. (TEIL) has announced the completion of its subsidiary, Sir Shadi Lal Enterprises Limited (SSEL), into TEIL. The amalgamation is effective from May 19, 2026.

Integration Complete

TEIL has now fully integrated SSEL into its operations. This means SSEL will operate as part of Triveni Engineering & Industries Ltd. going forward.

Streamlined Structure

This integration is expected to simplify TEIL's corporate structure and make operations more efficient. SSEL shareholders will now directly hold shares in Triveni Engineering & Industries Ltd.

Share Exchange Details

Under the terms of the amalgamation, SSEL shareholders will receive 100 equity shares of Triveni Engineering & Industries Ltd. for every 137 equity shares they hold in SSEL. TEIL shares have a face value of INR 1, while SSEL shares have a face value of INR 10.

Key Date for Shareholders

SSEL shareholders should note the record date of June 3, 2026. This date is crucial for determining which shareholders are eligible to receive the new TEIL equity shares based on the approved share exchange ratio.

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