Triveni Engineering and Industries Ltd (TRIVENI) — Corporate Action | 16 September 2026 (2 announcements)

Triveni Engineering & Industries announced on September 16, 2026 that the NCLT sanctioned Scheme of Arrangement merging Sir Shadi Lal Enterprises into Triveni, issuing shares to eligible shareholders at a 100:137 ratio. Fractional entitlements were sold in the open market within 90 days, generating INR 12.25 lakhs gross proceeds, with INR 12.25 lakhs net after TDS, distributed to 4,308 shareholders via a trust demat account.

Triveni Engineering & Industries announced on September 16, 2026 that the Audit Committee and Independent Directors certified the distribution of net proceeds from the sale of fractional shares under the Composite Scheme of Arrangement. The sale generated INR 12.25 lakhs gross, with INR 598 TDS deducted, leaving INR 12.25 lakhs net proceeds distributed to eligible shareholders proportionally. This follows the NCLT approval of the scheme in May 2026, which merged Sir Shadi Lal Enterprises into Triveni and issued shares at a 100:137 ratio.