Triveni Power Transmission Restructures Board, Announces Key Appointments Following Composite Scheme of Arrangement
Triveni Power Transmission Ltd (TPTL) has announced significant changes in its corporate structure and leadership following the implementation of a Composite Scheme of Arrangement involving TPTL, Triveni Engineering & Industries Ltd (TEIL), and Sir Shadi Lal Enterprises Limited (SSEL). The company made several key announcements regarding board appointments, senior management designations, and compliance roles.One of the primary structural updates relates to the allotment of equity shares. TPTL allotted 734,54,338 fully paid-up equity shares at Rs. 2 each to eligible shareholders of Triveni Engineering & Industries Limited as of the record date of July 22, 2026. As a result of this transaction, the company ceased to be a subsidiary and became an associate of TEIL.
Key Governance Changes and Personnel Appointments
The Board of Directors held a meeting on July 28, 2026, during which several crucial leadership changes were approved or taken on record:- Director Resignations: Mrs. Geeta Bhalla (DIN: 02561368) and Mr. Suresh Taneja (DIN: 00028332) resigned as Directors of the Company, effective from the closure of business hours on July 28, 2026, due to the implementation of the Composite Scheme of Arrangement.
- Board Appointment: Mr. Dhruv M. Sawhney (DIN: 00102999) was appointed as Non-Executive Chairman of the Board.
- Management Appointments: The Board approved the appointment and designation of new Key Managerial Personnel (KMP). These appointments include Mr. Tarun Sawhney (DIN: 00382878), who is designated as Vice Chairman & Managing Director for a period of five years, subject to shareholder approval; Mr. Raman Kumar S., appointed as Chief Financial Officer (CFO); and Mr. Rakesh Kumar Yadav, appointed as Company Secretary & Compliance Officer (CS).
Operational Updates and Auditor Appointment
TPTL announced the appointment of Ernst & Young (EY) as an Internal Auditor for the Financial Year 2026-27, following a recommendation from the Audit Committee. EY is noted as a global leader in assurance, tax, transaction, and advisory services, specializing in risk management and corporate governance processes.Senior Management Personnel Designated
The Board also designated several individuals as Senior Management Personnel (SMP) with effect from July 28, 2026, reflecting key functional leadership across the organization:| Role | Name & Designation | Key Area of Responsibility/Experience |
|---|---|---|
| CEO / SMP | Mr. Rajiv Rajpae | Directing overall business operations in high-Speed gears and Defense products; expertise includes business transformation and strategic market expansion. |
| VP - Manufacturing / SMP | Mr. M S Shankar | Leads core manufacturing operations, including Machine Shop, Assembly & Testing, Maintenance, PPC, and Sub-Contract functions. |
| VP - Marketing/SMP | Mr. Pankaj Jain | Heads Aftermarket Business alongside Marketing, Contracts & Service, focusing on profitable growth and new market entry. |
| VP - Marketing & Contracts (OEM)/ SMP | Mr. D Srinivasan | Leads Marketing & Contracts function for the OEM Business and New Products, specializing in strategic marketing and business development. |
| VP - Design & R&D / SMP | Mr. R Suresh Kumar | Leads Design & R&D, focusing on technological innovation across automotive drive systems and industrial machinery. |
| CGM - Supply Chain / SMP | Mr. Alok Kumar Verma | Heads Supply Chain Management and Stores, driving robust procurement strategies and developing the supplier ecosystem. |
| CGM - Quality Assurance / SMP | Mr. Gaddi Prabhakar | Leads Quality Assurance, ensuring compliance with global quality standards across all manufacturing processes. |
| CGM - Defence Design / SMP | Mr. Palasur Ganesan Ramesh | Leads technology and design initiatives for the Defence Business, focusing on defense product design excellence. |
| GM - Defence BD / SMP | Mr. Rajeev Ramakrishna | Leads Defence Business Development, driving business expansion in the defence sector. |
| GM - Business Strategy & Development / SMP | Mr. Vinodh Selvaraju | Drives the company's strategic planning and cross-functional growth initiatives. |
| HR & Industrial Relations / SMP | Mr. Raja N | Manages Human Resources, Industrial Relations, and Administration, focusing on workforce planning and compliance. |
TRIVENI Stock Price Movement
Today, shares of Triveni Engineering & Industries Limited edged higher in the post-market session, closing at ₹233.85 after a 2.3% gain today. The stock settled following trading activity that reached 319,836 shares for the day.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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