NCLT allows second motion for composite scheme of arrangement

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TRIVENI · price

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

-0.2%Reaction day

₹374.90

prior close

₹375.00

announcement price

In-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-1.4% vs market

Sugar peers, median of 27sector-1.2%+1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.2+1.3-1.4-1.2+1.1

Next day

+4.3+2.6+1.6+0.0+4.3

+6.6+2.7+3.9+0.0+6.6

+6.7+2.1+4.6-0.5+7.3

+6.7+1.6+5.1-1.3+7.9

+3.5+0.8+2.7-1.1+4.6

+4.0+2.2+1.9-1.4+5.4

15d

-7.3-1.6-5.7-7.4+0.1

-11.6-3.0-8.6-7.9-3.7

+0.8-1.6+2.4-11.9+12.7

-8.5-10.5+1.9-11.9+3.4

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

NCLT Allahabad Bench allowed the second motion for Triveni Engineering's composite scheme of arrangement. The scheme provides for amalgamation of Sir Shadi Lal Enterprises into Triveni Engineering and demerger of the PTB Undertaking into Triveni Power Transmission. NCLT directed notices to statutory authorities like SEBI, RBI, CCI, income tax and others. Next hearing is on February 5, 2026.

Likely market impact

Scheme progresses towards final approval. If approved, it will restructure businesses by merging SSEL and demerging PTB unit into TPTL.