Tax & Penalty3 Aug 2026, 02:59 pm
Triveni Engineering Allocates Cost of Acquisition Post Scheme of Arrangement
AI Summary
Triveni Engineering & Industries Ltd (TEIL) has filed details regarding the allocation of the cost of acquisition for its equity shares and those of the resulting company, Triveni Power Transmission Limited (TPTL). This follows a Scheme of Arrangement and the consequent issue of TPTL shares to TEIL shareholders. The filing references Sections 73(1) (Table Serial No. 14 and 15) of the Income-Tax Act, 2025, outlining the distribution of acquisition costs between TEIL (86.60%) and TPTL (13.40%). This information is crucial for tax purposes and has been made available on the company's website.
Key Highlights
- TEIL has allocated cost of acquisition post Scheme of Arrangement.
- Allocation details pertain to TEIL and resulting company TPTL.
- Filing references specific sections of the Income-Tax Act, 2025.
- TEIL holds 86.60% and TPTL holds 13.40% of the acquisition cost.
- Information is for tax compliance and investor record.
Price Impact
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