Triveni Engineering & Industries Limited has informed the Exchange about Notice of meeting of the Unsecured Creditors of Triveni Engineering & Industries Limited ( Company ) convened as per directions of the National Company Law Tribunal, Allahabad Bench, vide its orders dated 17th October, 2025 and 28th October, 2025 ( NCLT Convened Meeting ) in the matter of the Composite Scheme of Arrangement amongst Triveni Engineering & Industries Limited ( Company ), Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited and their respective shareholders and creditors.
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Triveni Engineering & Industries Limited has informed the stock exchanges about an NCLT-convened meeting of its unsecured creditors to be held on Sunday, 7th December 2025 at 3:30 PM via video conferencing, to vote on a Composite Scheme of Arrangement. The scheme involves three group entities: Triveni Engineering (Amalgamated/Demerged Company), Sir Shadi Lal Enterprises (Amalgamating Company), and Triveni Power Transmission (Resulting Company). Effectively, Sir Shadi Lal Enterprises is proposed to be merged into Triveni Engineering, while the power transmission business of Triveni Engineering is proposed to be demerged into the new entity Triveni Power Transmission Limited. The Boards of all three companies approved the scheme on 10th December 2024, BSE and NSE issued no-objection observation letters in August 2025, and the cut-off date for creditor eligibility is 31st July 2025. For reference, Triveni Engineering reported FY25 revenue from operations of Rs 6,655.40 crore and net worth of Rs 3,069.03 crore.
This is a procedural milestone in an internal group restructuring. While unsecured creditors vote here, shareholder and secured creditor meetings are also scheduled for the same day. If approved by NCLT, the restructuring will consolidate group entities and spin off the power transmission business into a separate listed-resulting entity, which could affect the parent's business mix and shareholder value over time.