Merger7 May 2026, 07:41 pm
Triveni Engineering: NCLT Approves Composite Scheme of Arrangement
AI Summary
The Hon'ble National Company Law Tribunal, Allahabad Bench, has sanctioned the Composite Scheme of Arrangement amongst Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited, and their respective shareholders and creditors. The order was pronounced on May 07, 2026. The effective date of the scheme will be the date on which the conditions outlined in Clause 7 of the Scheme are fulfilled. The company will announce the effective date to the stock exchanges in due course.
Key Highlights
- NCLT Allahabad approves Composite Scheme for Triveni Engineering and subsidiaries.
- The scheme involves Triveni Engineering, Sir Shadi Lal Enterprises, and Triveni Power Transmission.
- Effective date of the scheme is contingent on fulfilling conditions in Clause 7.
- Triveni Engineering will announce the effective date to stock exchanges later.