Q1 FY27 results, Power Transmission demerger complete, new director appointed
TRIVENI · price
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Board approved Q1 FY27 results. Standalone revenue Rs 1,949.91 crores with loss after tax of Rs 1.72 crores. Consolidated PAT stood at Rs 3.65 crores. Demerger of Power Transmission Business into Triveni Power Transmission Ltd is complete, diluting company holding to 29.88 percent, making it an associate. Shareholders received TPTL shares in 1 for 3 ratio. Comparative quarter restated for Sir Shadi Lal amalgamation. Remuneration of MD Tarun Sawhney revised. Vivek Viswanathan appointed as Whole-time Director for 5 years from August 1.
Major restructuring with PTB demerged out; weak standalone Q1 partly due to sugar seasonality. Shareholders get TPTL shares alongside TEIL holding.