Triveni Engineering Secures In-Principle Approval for Listing 14.65 Lakh Equity Shares
Triveni Engineering & Industries Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the listing of additional equity shares, which were allotted pursuant to a Scheme of Arrangement. The total number of newly issued shares is 14,65,048 fully paid up equity shares of Re. 1/- each.The approval was granted by both Stock Exchanges on June 24, 2026. This allotment was made to the public shareholders of Sir Shadi Lal Enterprises Ltd. (SSEL) and forms part of the broader Scheme involving Triveni Engineering & Industries Ltd. (TEIL), SSEL, and Triveni Power Transmission Ltd. (TPTL).
The Company had previously fixed Wednesday, June 3, 2026, as the Record Date to determine the eligibility of SSEL's shareholders for receiving these equity shares in accordance with the specified Share Entitlement ratio under the Scheme. The allotment process aimed at listing these shares of face value Re. 1/- each.
The approval from the exchanges allows the company to proceed toward the final listing and admission of the shares into dealings, contingent upon receiving confirmation letters regarding the crediting of beneficiaries' accounts from depositories such as NSDL and CDSL.
Key details regarding the share allotment are summarized below:
| Detail | Specification |
|---|---|
| Company | Triveni Engineering & Industries Limited (TEIL) |
| Purpose of Shares | Allotment pursuant to Scheme of Arrangement |
| Total Shares Issued | 14,65,048 |
| Face Value per Share | Re. 1/- each |
| Record Date for SSEL Shareholders | June 3, 2026 |
TRIVENI Stock Price Movement
Triveni Engineering & Industries Limited shares slipped by 2.37% on Thursday, closing at ₹409.8 after shedding ₹9.95 per share. The stock saw significant activity during the session, with a total traded volume recorded at 124,177 shares.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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