Triveni Engineering & Industries Announces Composite Scheme of Arrangement Effectiveness
Triveni Engineering & Industries Limited confirmed that its Composite Scheme of Arrangement, involving Sir Shadi Lal Enterprises Limited (SSEL) and Triveni Power Transmission Limited (TPTL), has become effective as of May 19, 2026.The scheme, which operates under the provisions of Sections 230 to 232 of the Companies Act, 2013, was sanctioned by the Hon'ble National Company Law Tribunal Allahabad Bench. The tribunal issued its orders on May 7, 2026, and subsequently on May 18, 2026.
The arrangement, which involves the three entities, was announced following earlier disclosures made by Triveni Engineering & Industries Limited. The formal declaration confirmed that the scheme achieved effectiveness on May 19, 2026.
TRIVENI Stock Price Movement
On Tuesday, Triveni Engineering & Industries Limited shares rallied 1.00%, closing at ₹374.00, reflecting a gain of ₹3.70 from its previous close. The equity saw substantial interest, trading on a volume of 396,938 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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