Triveni Engineering & Industries Limited has informed the Exchange about Scheme of Arrangement
TRIVENI · price
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Triveni Engineering & Industries Limited has announced that its Composite Scheme of Arrangement with Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited has become effective. The scheme was sanctioned by the NCLT Allahabad Bench through orders dated May 7, 2026 and May 18, 2026. The certified copies of these NCLT orders were filed with the Registrar of Companies on May 19, 2026, making this the effective date of the scheme. This is a restructuring arrangement under Sections 230 to 232 of the Companies Act, 2013.
The scheme becoming effective marks the completion of this corporate restructuring process. Shareholders should monitor for further disclosures regarding the specifics of asset or business transfers, which could impact the company's future earnings and valuation.