Intimation of receipt of certified copy of Order sanctioning the Scheme of Arrangement by the Hon''ble National Company Law Tribunal, Allahabad Bench

Scheme filed with the NCLTDemerger ratio announcedStrategic Transactions View source PDF Explain this filing

TRIVENI · price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹389.00

prior close

₹380.20

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-1.6% vs market

Sugar peers, median of 27sector-3.1%+1.8% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.8 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

+0.6

Sessions after the filingfrom the prior close

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Reaction day

-1.3+0.2-1.6-3.1+1.8

Next day

-3.4-0.1-3.2-3.6+0.2

-5.1-1.5-3.7-6.0+0.9

-4.2-1.0-3.2-4.1-0.1

-5.0-0.4-4.6-3.4-1.6

-2.3+0.6-2.9-3.2+1.0

-3.6+2.3-5.9-3.3-0.3

15d

-5.4+3.5-8.9-3.5-1.9

+2.6+5.6-2.9-3.5+6.1

+21.2+9.5+11.7-5.7+26.9

-31.6+13.3-44.9-2.1-29.5

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Triveni Engineering & Industries Ltd has received the certified copy of the NCLT Allahabad Bench order dated May 7, 2026, sanctioning a Composite Scheme of Arrangement involving three entities. The scheme has two parts: (1) amalgamation of Sir Shadi Lal Enterprises Limited (61.77% subsidiary) into Triveni Engineering, with share exchange ratio of 137:100 (for every 137 shares of Sir Shadi Lal of INR 10 face value, shareholders receive 100 Triveni Engineering shares of INR 1 face value), effective April 1, 2025; and (2) demerger of the PTB (gears and defence) undertaking into Triveni Power Transmission Limited (wholly-owned subsidiary), with share ratio of 3:1 (for every 3 Triveni shares, shareholders get 1 share of Resulting Company), effective April 1, 2026. The scheme was approved by overwhelming majority of shareholders and creditors. The company noted an inadvertent error in the order and is seeking rectification.

Likely market impact

Shareholders of Triveni will receive shares in the new Resulting Company (Triveni Power Transmission) upon demerger completion, while Sir Shadi Lal shareholders will receive Triveni Engineering shares upon amalgamation. The restructuring separates the PTB business into a distinct listed entity.