Triveni Turbine Limited has notified the stock exchanges of a forthcoming Board of Directors meeting, scheduled for Monday, May 18, 2026, in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed by Company Secretary Pulkit Bhasin on May 08, 2026, bearing reference number TTL: SE: 05/01.

Key Agenda Items

The board meeting has been convened to deliberate on two primary matters. The following table outlines the agenda as disclosed in the regulatory filing:

Trading Window Closure

In accordance with the Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities remains closed. As communicated earlier via a letter dated March 24, 2026, the closure took effect from April 1, 2026, and will continue until the completion of 48 hours after the publication of the aforementioned financial results. This restriction applies to all designated persons of the company and their immediate relatives.

Company Overview

Triveni Turbine Limited operates with its registered and corporate office located at 401, BPTP Capital City, Sector 94, Noida, Uttar Pradesh. The company maintains two manufacturing facilities in Karnataka — one at Peenya Industrial Area, Bengaluru, and another at Sompura Industrial Area, Nelamangala Taluk, Bengaluru. The regulatory filing was duly signed and submitted to both BSE Limited and the National Stock Exchange of India Limited.

Triveni Turbines Limited has successfully completed the merger of its two step-down wholly owned subsidiaries in South Africa, marking a significant step in streamlining its international operations. The merger between TSE Engineering (Pty) Ltd and Triveni Turbines Africa (Pty) Ltd became effective from April 01, 2026, following regulatory approval.

Merger Details and Regulatory Approval

The Companies and Intellectual Property Commission, South Africa (CIPC) approved the merger through its letter dated April 14, 2026. Under the approved scheme, TSE Engineering (Pty) Ltd has been merged into Triveni Turbines Africa (Pty) Ltd, with TSE Engineering subsequently dissolved and ceasing to be a step-down wholly owned subsidiary of the company.

Financial Performance of Merged Entities

Both subsidiaries demonstrated substantial business operations prior to the merger. The financial performance for the year ended March 31, 2025, shows the scale of operations being consolidated.

Business Operations and Strategic Rationale

Both entities operate in the specialized field of general mechanical high precision engineering, focusing on:

• Supply of spares for rotating industrial machinery
• Repairs and overhauling of steam turbines
• Maintenance of compressors and blowers
• Other rotating industrial machinery services

The merger has been undertaken to achieve several strategic objectives:

• Simplify the group's corporate structure in South Africa
• Enhance operational and administrative efficiencies
• Consolidate operations into a single unified legal entity
• Enable improved governance and streamlined reporting

Regulatory and Compliance Aspects

The transaction qualifies as a related party transaction since both entities are step-down wholly owned subsidiaries of Triveni Turbines Limited. However, the provisions of Regulation 23(5)(c) of the SEBI Listing Regulations are not applicable to transactions between two wholly owned subsidiaries.

The merger involves no cash consideration or share exchange ratio, as both entities are 100% owned within the same group. The consolidation is carried out under the internal restructuring mechanism permitted by South African corporate law and will not result in any change to the shareholding pattern of the listed entity.