Record date fixed for Triveni demerger, shareholders to get TPTL shares

Demerger Ratio AnnouncedCore Business DivestedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

TRIVENI · price

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

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

-1.1%Reaction day

₹476.85

prior close

₹474.40

announcement price

In-mkt

timing

Nifty Microcap 250market-1.0%-0.1% vs market

Sugar peers, median of 27sector-0.3%-0.8% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 pts less 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

-0.2

10m

-0.3

15m

-0.0

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.0-0.1-0.3-0.8

Next day

-3.3-0.4-2.9-0.6-2.6

-1.3-0.8-0.4-0.9-0.3

-1.1-1.9+0.8-1.6+0.4

-1.5-1.3-0.2-1.4-0.2

-1.2-1.0-0.3-0.9-0.3

-45.1-2.8-42.3-2.7-42.5

15d

-48.8+0.4-49.2+2.2-51.1

-44.2+2.4-46.6+0.8-45.0

-48.2+1.0-49.1+3.0-51.2

-46.5+1.8-48.3+8.8-55.3

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 has fixed July 22, 2026 as the record date for its demerger. Under the NCLT-sanctioned Composite Scheme, the power transmission business is hived off into Triveni Power Transmission Ltd (TPTL). Shareholders get 1 TPTL share (face value INR 2) for every 3 Triveni shares (face value INR 1) held. Scheme was effective from May 19, 2026 with appointed date April 1, 2026.

Likely market impact

Eligible shareholders on record date will receive TPTL shares in the 3:1 ratio, adding a new listed holding to their portfolio.