Triveni Engineering & Industries Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on December 07, 2025
TRIVENI · price
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Triveni Engineering & Industries has notified the exchanges about an NCLT-convened meeting of equity shareholders to be held on Sunday, 7th December 2025 at 10:00 AM via video conferencing. The meeting will consider and approve a Composite Scheme of Arrangement involving three group companies: Triveni Engineering (Amalgamated/Demerged Company), Sir Shadi Lal Enterprises (Amalgamating Company), and Triveni Power Transmission (Resulting Company). The NCLT Allahabad Bench directed the meeting through orders dated 17th and 28th October 2025. Both BSE and NSE have already issued no-objection letters to the scheme (dated 7 and 11 August 2025). Remote e-voting will run from 3rd December (9:00 AM) to 6th December (5:00 PM), with a cut-off date of 30th November 2025 for determining voting eligibility. The scheme requires approval of three-fourths in value of equity shareholders voting, after which it will be subject to final NCLT sanction.
Shareholders as of 30th November 2025 are eligible to vote on the scheme. Approval would lead to restructuring of the Triveni group businesses — amalgamation of Sir Shadi Lal Enterprises and demerger of certain businesses into the resulting company Triveni Power Transmission — which could affect shareholding structure and potentially unlock or shift value depending on the swap ratio and demerger terms. The scheme still needs final NCLT approval before becoming effective.