Triveni Engineering & Industries Ltd has received in-principle approval from the National Stock Exchange of India (NSE) and BSE Limited to list 14,65,048 equity shares. These fully paid-up shares, with a face value of ₹1 each, were issued to the eligible equity shareholders of Sir Shadi Lal Enterprises Ltd (SSEL) pursuant to a Scheme of Arrangement. The approval, granted on June 24, 2026, facilitates the listing and trading of these shares on both exchanges following the corporate restructuring.

The Board of Triveni Engineering & Industries Ltd, in consultation with the Board of Directors of SSEL, had previously fixed June 3, 2026, as the record date to determine the eligibility of SSEL's shareholders. The allotment was executed in accordance with the Share Entitlement ratio specified in the Scheme of Arrangement among Triveni Engineering & Industries Ltd, SSEL, and Triveni Power Transmission Ltd (TPTL) and their respective shareholders and creditors.

Stock Exchange Approvals

The exchanges issued observation letters regarding the listing application. The NSE referenced letter No. NSE/LIST/46129 dated August 11, 2025, while BSE referenced letter No. DCS/AMAL/NB/R37/3734/2025-26 dated August 07, 2025. Following the submission of necessary documents, both exchanges granted their consent.

The NSE confirmed that the shares bearing distinctive numbers from 257945111 to 259410158 would be listed and admitted to dealings upon receipt of confirmation from depositories NSDL and CDSL regarding the credit of beneficiaries' accounts or the dispatch of physical share certificates.

Conditions for Listing

BSE outlined specific conditions that must be met before trading approval is granted. The company is required to file the listing approval obtained from the NSE, confirmation letters from CDSL and NSDL regarding the crediting of shares, and details of payment of any outstanding dues. Additionally, the company must provide details of payment of Settlement of Proceedings (SOP) fines, if any.

The approvals from the stock exchanges are specific to the listing of these securities and do not constitute approval under any other Act, regulation, or rule. Triveni Engineering & Industries Ltd must obtain separate approvals from other departments of the exchanges if required.

Key Details of the Allotment

Promoters of triveni engineering & industries have confirmed that no shares held by them were encumbered during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates promoters to disclose any pledging or encumbrance of their holdings annually.

The declaration was made by Dhruv M. Sawhney on behalf of himself and other promoters, including Mrs. Rati Sawhney, Manmohan Sawhney HUF, Tarun Sawhney Trust, and Nikhil Sawhney Trust. Additionally, individual promoters Tarun Sawhney, Nikhil Sawhney, and Tarana Sawhney submitted separate confirmations. STFL Trading and Finance Private Limited, a promoter entity, also filed a similar declaration through its director, Geeta Bhalla.

Promoter Disclosures

The following table details the promoters and promoter group entities that submitted the non-encumbrance declarations:

The confirmations were addressed to BSE Limited and the National Stock Exchange of India Ltd. Copies of the disclosures were also forwarded to the Audit Committee of Triveni Engineering & Industries Limited. The filings were dated April 3, 2026, and April 8, 2026.