Triveni Engineering & Industries Limited — Board Meeting, 10-12-2024: Outcome of Board Meeting

The Board of Directors of Triveni Engineering & Industries Limited has approved a Composite Scheme of Arrangement that involves the amalgamation of Sir Shadi Lal Enterprises Limited with Triveni Engineering, alongside the demerger of the PTB Undertaking into Triveni Power Transmission Limited. Shareholders of the Amalgamating Company will receive 100 equity shares of Triveni Engineering for every 137 shares held. The PTB Undertaking recorded a turnover of ₹291.81 crore, which is 4.75% of Triveni Engineering’s total revenue. The share exchange ratios have been based on a joint valuation report. Implementation is subject to necessary regulatory approvals.