Triveni Engg: Audit & Independent Directors Certify Fractional Share Proceeds Distribution
Triveni Engineering & Industries Ltd has filed reports from its Audit Committee and Independent Directors, dated September 16, 2026. These reports certify the distribution of proceeds from fractional shares to eligible shareholders, as per the Composite Scheme of Arrangement. This scheme involved the amalgamation of Sir Shadi Lal Enterprises Ltd. with Triveni Engineering & Industries Ltd. and the creation of Triveni Power Transmission Ltd. The reports comply with SEBI's Master Circular on Schemes of Arrangement. The effective date of the scheme was May 19, 2026, with a record date of June 3, 2026. A total of 6064 shareholders were entitled to fractional entitlements, with consolidated fractional shares being managed in a trust account.
Key Highlights
- Audit Committee and Independent Directors certified fractional share proceeds distribution.
- Certification is pursuant to the Composite Scheme of Arrangement.
- Scheme involved amalgamation of Sir Shadi Lal Enterprises with Triveni Engineering.
- Reports comply with SEBI Master Circular on Schemes of Arrangement.
- Fractional shares were consolidated and held in trust for eligible shareholders.
Price Impact
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