Triveni Engineering Shareholders Entitled to Receive TPTL Stock Following Demerger Scheme

Triveni Engineering Shareholders Entitled to Receive TPTL Stock Following Demerger Scheme​

Triveni Engineering & Industries Limited has set July 22, 2026, as the Record Date for determining the eligibility of its equity shareholders who are entitled to receive equity shares of Triveni Power Transmission Limited (TPTL).

The setting of the Record Date comes following the effectiveness of a composite Scheme of Arrangement involving Triveni Engineering and Industries Limited (the Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL), which was sanctioned by the National Company Law Tribunal, Allahabad Bench.

The demerger transaction transferred the power transmission business undertaking of Triveni Engineering to TPTL, effective from April 1, 2026.

In recognition of this demerger, shareholders of Triveni Engineering are entitled to receive equity shares of TPTL based on a specific share exchange ratio. The terms stipulate that for every three equity shares of the Demerged Company, which have a face value of INR 1 each, every shareholder shall be entitled to receive one equity share of the Resulting Company (TPTL), which has a face value of INR 2 each.

This transfer mechanism ensures that shareholders of Triveni Engineering can receive TPTL shares under the terms and conditions of issue prevalent in the Demerged Company.

TRIVENI Stock Price Movement​

Triveni Engineering & Industries Limited shares rallied on Friday, finishing with a 1.09% gain after closing at ₹462.40. The stock traded against a previous close of ₹455.05 and recorded a volume of 353,033 shares during the session.