Triton Valves , a leading manufacturer of automotive and industrial valves, has announced significant developments in its corporate activities, including a dividend record date and progress in its merger efforts.

Dividend Announcement

Triton Valves Limited has set September 19 as the record date for determining shareholder eligibility for dividend payment. Key points include:

• Dividend payment is scheduled for on or after September 26.
• The distribution is subject to approval at the Annual General Meeting (AGM).
• Payments will be made after deduction of tax at source.
• The dividend recommendation comes from the Board of Directors and requires AGM approval.

Merger Approval Progress

In addition to the dividend announcement, Triton Valves has achieved a significant milestone in its corporate restructuring efforts:

• The National Company Law Tribunal (NCLT) has approved the first motion of merger and amalgamation with its wholly owned subsidiary, Tritonvalves Climatech Private Limited.
• The NCLT approval was received on August 28.
• The tribunal has dispensed with meetings of equity shareholders, secured creditors, and unsecured creditors for both companies.
• Tritonvalves Climatech Private Limited, incorporated in 2020, will merge into Triton Valves, which has been in operation since 1975.

Implications of the Merger

The merger is expected to streamline operations and potentially improve efficiency within the Triton Valves group. Under the scheme:

• All staff and employees of Tritonvalves Climatech Private Limited will become employees of Triton Valves.
• The entire process is being conducted under Sections 230-232 of the Companies Act, 2013.

Next Steps

Following this approval, Triton Valves will proceed with further steps required for final approval of the scheme from the NCLT. These steps include:

1. Sending notices to statutory authorities within specified timeframes.
2. Publishing notifications in newspapers as per NCLT directives.
3. Filing the second motion petition for final approval.

Company Statement

In a regulatory filing, Triton Valves stated, "The Company shall now proceed with the further steps required for approval of the Scheme from the Hon'ble National Company Law Tribunal."

Market Impact

The merger could potentially lead to operational synergies and cost efficiencies for Triton Valves in the long term. The dividend announcement may also be of interest to shareholders and potential investors.

Investors and stakeholders will be keenly watching the progress of both the merger process and the upcoming dividend distribution as Triton Valves moves forward with these corporate actions.

Triton Valves Limited, a leading manufacturer in the valve industry, has announced significant changes to its leadership and governance structure following a board meeting on August 13, 2025. The company has made several key appointments and restructured its board, signaling a strategic shift in its corporate governance approach.

Leadership Changes

In a notable leadership transition, S.K. Welling has stepped down from his position as Chairman but will continue to serve as a director on the board. Aditya M. Gokarn, who previously held the role of Managing Director, has been appointed as the new Chairman while retaining his existing responsibilities. This dual role for Gokarn suggests a consolidation of leadership at the top of the organization.

New Independent Director

The board has approved the appointment of Kishore Mukund Saletore as an Additional Independent Director for a term of up to five years, effective August 13, 2025. Saletore brings over 30 years of diverse experience from globally renowned corporations, including the Tata Group, ITC Ltd., Hughes Corporation, and Bharat Forge. His expertise spans mergers & acquisitions, joint ventures, and international expansions across various sectors such as electric vehicles, real estate, infrastructure, and telecommunications.

Auditor Appointments

Triton Valves has also made significant appointments in its auditing functions:

1. Secretarial Auditor: Parameshwar Ganapati Bhat has been appointed as the Secretarial Auditor for a period of five consecutive years, from FY 2025-26 to FY 2029-2030. Bhat's firm specializes in company secretarial services, SEBI compliances, and corporate law advisory.

2. Cost Auditor: Vishwanath Bhat & Associates has been appointed as the Cost Auditor for FY 2025-26. The firm brings over 30 years of expertise in cost accounting, cost audit, and various tax-related services.

Upcoming Annual General Meeting

The company has scheduled its 49th Annual General Meeting for September 26, 2025, to be held virtually through video conferencing or other audio-visual means.

Financial Results

The board has approved the unaudited financial results for the quarter ended June 30, 2025, for both standalone and consolidated statements. These results have been reviewed by the company's auditors, Deloitte Haskins & Sells LLP.

These changes in Triton Valves' board structure and key appointments reflect the company's commitment to strengthening its corporate governance and strategic leadership. The mix of continuity and fresh perspectives in the board composition aims to drive the company's growth and operational efficiency in the coming years.

All appointments are subject to shareholder approval at the upcoming Annual General Meeting. Investors and stakeholders will be keenly watching how these changes impact Triton Valves' future performance and strategic direction.