Triveni Turbine Limited — Important, 24-10-2024: Updates

Triveni Energy Solutions Limited has received approval from the National Company Law Tribunal for a reduction in its share capital from INR 16 crores to INR 8 crores. This involves canceling 80 lakh shares and paying INR 44 crores to shareholders at a rate of INR 55 per share. The decision follows a Board resolution and a special resolution by shareholders. The company plans to meet the payout obligations from existing cash reserves and mutual fund investments.