Triveni turbines has allotted 2,950 equity shares under its Employee Stock Unit Plan 2023, marking another milestone in the company's employee benefit initiatives. The Share Allotment Committee of the Board of Directors approved the allotment on March 30, 2026, following the exercise of vested options by eligible employees.

Share Allotment Details

The allotment comprises 2,950 equity shares with a face value of Re.1 each, issued under the "Triveni Turbine Limited - Employee Stock Unit Plan 2023". The shares were allotted at an exercise price of Re.1 per share with no premium charged to the employees.

Impact on Share Capital

The allotment has resulted in an increase in the company's issued and paid-up share capital. The capital structure changed from Rs. 31,78,92,029 comprising 31,78,92,029 equity shares to Rs. 31,78,94,979 comprising 31,78,94,979 equity shares of Re.1 each.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the initial statement under the ESOP regulations on October 31, 2023, with filing numbers BSE: 187767 and NSE: 38201.

Share Characteristics

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects. No lock-in period applies to these shares, and no listing fees are payable for this allotment. The shares are issued in demat form under ISIN number INE152M01016.

Triveni Turbines Limited has successfully completed its postal ballot process for the re-appointment of Mr. Nikhil Sawhney as Managing Director, with shareholders demonstrating strong support for the leadership continuity. The special resolution was passed on March 26, 2026, marking a significant milestone in the company's governance structure.

Voting Results and Shareholder Participation

The postal ballot witnessed substantial shareholder participation, with detailed voting results across different categories:

The resolution received approval from 84.91% of the polled votes, with 24.01 crore shares voting in favour against 4.27 crore shares voting against the proposal.

Resolution Details and Leadership Continuity

The special resolution pertained to the re-appointment of Mr. Nikhil Sawhney (DIN: 00029028) as Managing Director, designated as Vice Chairman and Managing Director. The appointment ensures leadership continuity at the helm of the turbine manufacturing company.

E-Voting Process and Compliance

The remote e-voting process was conducted in strict compliance with regulatory requirements under Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The voting commenced on February 25, 2026, at 09:00 A.M. and concluded on March 26, 2026, at 5:00 P.M., providing shareholders adequate time to participate in the decision-making process.

Regulatory Compliance and Documentation

Triveni Turbines ensured full compliance with regulatory requirements through proper documentation and transparency measures. The scrutinizer's report was prepared by Kapil Dev Taneja (FCS No. 4019, C.P. No.: 22944), Partner of M/s. Sanjay Grover & Associates, confirming the transparency and fairness of the voting process.

The company published advertisements regarding the postal ballot notice in English newspaper "Financial Express" and Hindi newspaper "Jansatta" on February 25, 2026, ensuring wide dissemination of information to shareholders. The voting results and scrutinizer's report have been uploaded on the company's website at www.triveniturbines.com and submitted to BSE Limited and National Stock Exchange of India Limited for regulatory compliance.