Record date fixed for demerger of power transmission business

Demerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF

TRIVENI · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.5%1-day move

₹460.00

prior close

₹463.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.9+2.3+3.0+4.1+2.5+0.3+2.4+2.5+2.1-40.1————

Up moveDown movePending

AI summary

Triveni Engineering has fixed July 22, 2026 as the record date for its demerger. The power transmission business will be transferred to Triveni Power Transmission Ltd (TPTL) with effect from April 1, 2026. NCLT Allahabad Bench approved the scheme on May 7 and May 18, 2026; the scheme became effective on May 19, 2026. Share exchange ratio: for every 3 equity shares of Triveni (face value INR 1) held on the record date, shareholders get 1 equity share of TPTL (face value INR 2), allotted without any action required from shareholders.

Likely market impact

Shareholders on record date automatically receive TPTL shares in 3:1 ratio. Power transmission business moves into a separate entity.