Triveni Turbine Limited — Others, 07-03-2025: Disclosure under SEBI Takeover Regulations

Mr. Nikhil Sawhney has disclosed a proposed inter-se transfer of 10,00,000 equity shares of Triveni Turbine Limited to his son, Mr. Zahan Nikhil Sawhney, through an off-market transaction. This transfer, treated as a gift, will not alter the aggregate shareholding of the promoters. The acquisition is expected to occur on or after March 17, 2025. This transaction may enhance family governance within the company but does not impact overall ownership dynamics, maintaining a steady promoter presence. Investors might view this as a stable governance move, promoting a positive outlook for the company’s continuity.