Merger14 May 2026, 11:54 am
Triveni Engineering Scheme of Arrangement Sanctioned
AI Summary
Triveni Engineering & Industries Ltd. announced the receipt of the certified copy of the order sanctioning the Scheme of Arrangement by the National Company Law Tribunal (NCLT), Allahabad Bench on May 13, 2026. The scheme involves Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited. The company noted an inadvertent error in the NCLT order and is filing for rectification. The original order was pronounced on May 7, 2026.
Key Highlights
- NCLT Allahabad Bench sanctioned the Scheme of Arrangement.
- Certified order copy received by Triveni Engineering on May 13, 2026.
- Company observed an error in the NCLT order and is seeking rectification.
- Scheme involves amalgamation and transfer of undertakings.
- The original order was pronounced on May 7, 2026.