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.

Triveni Engineering & Industries Ltd has reported a 10.6% year-on-year growth in revenue from operations to ₹6,291 crore for the fiscal year ended March 31, 2026. This performance was driven by stronger sales volumes in the sugar and distillery verticals, alongside better sugar realisations. Net profit for the year stood at ₹268.7 crore, an increase of 12.8% compared to the previous fiscal year, supported by a sharp turnaround in the distillery segment.

The board has recommended a final dividend of ₹1.25 per equity share. The composite scheme of arrangement for the demerger of the Power Transmission business became effective on May 19, 2026, following approval from the National Company Law Tribunal (NCLT). Additionally, ICRA reaffirmed the company's long-term credit rating at AA+ Stable, lifting it from its previous under-watch status.

Financial Performance

The distillery segment posted its highest ever production and sales volumes in FY26, with annual revenue net of excise reaching ₹1,550 crore. This growth was driven by better feedstock availability and sharp cost optimisation. The EBITDA margins for the consolidated business rose to 16.9%, amounting to approximately ₹624 crore, up from ₹533 crore in the previous fiscal year.

For the quarter under review, revenue stood at over ₹1,500 crore, slightly lower than the previous corresponding quarter. This decline was primarily due to a calibrated scale-down of some ethanol dispatches aligning with Oil Marketing Companies' (OMC) delivery timelines and short delivery deferment in the Power Transmission Business.

Segment Highlights

In the sugar business, revenues grew by 13% while Profit Before Interest and Tax (PBIT) reached approximately ₹272 crore. The sugarcane crush for the 2025-26 season ended at 8.25 million tonnes, lower by 8.8% due to agro-climatic factors and diversion to local jaggery production. Despite the lower crush, gross recovery rose by 26 basis points to 11.06%. Domestic sales volume increased by 10.4% to 9.79 lakh tonnes, with strong realisations of ₹40,680 per metric tonne.

The Power Transmission business secured a landmark order for an axial compressor test gearbox from a premier defence establishment, the first of its kind in Asia. The business concluded the year with an order book of just under ₹500 crore, 25% higher than the previous year. The water business reported a 15% increase in consolidated revenues to ₹270 crore, driven by the execution of its EPC portfolio.

Strategic Outlook

The company anticipates that the listing of Triveni Power Transmission Limited will occur by the end of August 2026. Management highlighted that the export market remains a major growth driver for the Power Transmission business, with the enquiry book showing robust increases. In the distillery segment, the company has secured an allocation pipeline of 17.18 crore litres under cycle one of the OMCs and private tender programmes.