Corporate Action14 Jul 2026, 10:40 am
Triveni Engineering Sets July 22 Record Date for TPTL Share Entitlement
AI Summary
Triveni Engineering & Industries Ltd has announced July 22, 2026, as the record date for determining shareholder eligibility to receive equity shares of TPTL. This follows the effectiveness of a demerger scheme from May 19, 2026, where the power transmission business was transferred to TPTL. Shareholders will receive 1 equity share of TPTL (face value INR 2) for every 3 equity shares of Triveni Engineering (face value INR 1). This corporate action is in compliance with SEBI LODR Regulations.
Key Highlights
- Record date fixed for July 22, 2026, for TPTL share entitlement.
- Demerger of power transmission business to TPTL effective May 19, 2026.
- Share exchange ratio: 1 TPTL share for every 3 Triveni Engineering shares.
- TPTL shares will have a face value of INR 2, Triveni's INR 1.
Price Impact
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