SIR SHADI LAL ENTERPRISES LTD.

Sir Shadi Lal Enterprises Limited was established as a Corporate Body in 1933 under the name 'The Upper Doab Sugar Mills Limited' by the Rt. Hon'ble Sir Shadi Lal. In 1982, the name of the Company was changed to Sir Shadi Lal Enterprises Limited. Company's operations are broadly divided into two business segments i.e. 'Sugar' and 'Alcohol.'. The by-product molasses is used in the distilleries for manufacture of alcohol & ethanol. Today, the Company has become one of the efficient and modern entities in Western Uttar Pradesh. At present, it has three manufacturing units comprising of two sugar units and one distillery unit. The Company started its business in 1933 with a Sugar Factory called Upper Doab Sugar Mills with a cane crushing capacity of 600 TCD per day at Shamli, Distt. Muzaffarnagar (U.P.). The Company has been constantly modernizing its plant & machinery in stages by adopting the latest technology and presently working with a cane crushing capacity of 7500 tonnes crushed per day (TPD). As a result of constant modernization and expansion, the crushing capacity of the Sugar Mill Plant at Shamli has increased to the present level of 7500 TCD per day. In 2010-11, the Company sold the Pilkhani Distillery & Chemical Works Unit by way of Slump Sale Deed on 26.02.2011 with M/s Sainov Spirit Pvt. Ltd, New Delhi. In 2016-17, the Company undertook an expansion project of distillery, whereby the production capacity of the distillery was increased from 25 KL per day to 45 KL per day, commissioned during the year. In 2020-21, the Company installed a high-pressure incineration boiler of 36Tones per hour capacity with a steam pressure of 45kg/cm2 and one back pressure Turbine of 3.5 MegaWatt capacity. Triveni Engineering & Industries Ltd. (TEIL) acquired 61.77% equity shares of the Company from the erstwhile promoters and the Company became a subsidiary of TEIL w.e.f. June 20, 2024. At the time of taking over control of the Company by TEIL, the Company was facing numerous challenges, financial, management as well as technical, which were constraining the Company to perform at optimal levels. TEIL immediately took over the operations of the Company and inducted resources to provide management, technical and administrative support. Consequently, within a short time available, the sugar plant was repaired to operate in the forthcoming sugar season. Further, there were substantial cane, employees and other dues which were leading to agitation by the farmers and protest from the employees. With the help of the Holding Company, a proper financial plan was prepared to discharge the overdues in a progressive and orderly manner. The funds were infused by the holding Company directly as well as through other lenders. The Company did not operate its Distillery in the Season 2024- 25 as it required extensive repairs for uninterrupted operations which were not feasible during the short period available after change of control. The Composite Scheme of Arrangement amongst Triveni Engineering & Industries Limited (TEIL), the Company and Triveni Power Transmission Limited (TPTL) and their respective shareholders and creditors for the amalgamation of SSEL into TEIL and demerger of Power Transmission Business (PTB) of TElL into TPTL filed by the Company is awaited in 2025.