Triveni Engineering & Industries Ltd. , a diversified industrial conglomerate, has announced its 89th Annual General Meeting (AGM) scheduled for September 8, 2025. The meeting will be conducted via video conferencing at 11:00 A.M. IST, reflecting the company's adaptation to modern communication technologies.

The company has submitted its Annual Report for FY 2024-25 to the BSE and NSE, showcasing a robust financial performance. Triveni Engineering reported a turnover of ₹6,655.40 crore for the fiscal year, underlining its strong market position and operational efficiency.

Financial Highlights

Triveni's paid-up capital stands at ₹21.89 crore, indicating a stable equity base. The company's diverse business portfolio contributed to its impressive turnover:

This diversification strategy has allowed Triveni to maintain a balanced revenue stream across its key operational areas.

Operational Reach

Triveni Engineering & Industries has established a significant presence both domestically and internationally. The company's operations span 29 states within India, showcasing its extensive national footprint. Moreover, its global reach extends to 81 countries, highlighting Triveni's success in penetrating international markets and its potential for further global expansion.

Shareholder Participation

To ensure maximum shareholder participation, the company has arranged for remote e-voting facilities. Shareholders can cast their votes electronically from September 5-7, 2025. The eligibility cut-off date for member participation has been set as September 1, 2025.

Sustainability Focus

In line with evolving corporate governance standards, Triveni has included comprehensive Business Responsibility & Sustainability disclosures in its annual report. This move underscores the company's commitment to transparent and responsible business practices, addressing growing investor interest in environmental, social, and governance (ESG) factors.

The upcoming AGM provides an opportunity for shareholders to engage with the management, review the company's performance, and participate in key decision-making processes. With its strong financial results and expanding global presence, Triveni Engineering & Industries Ltd. continues to demonstrate its resilience and growth potential in the diversified industrial sector.

Triveni Engineering & Industries Limited (Triveni) has reached a significant milestone in its proposed Composite Scheme of Arrangement, receiving a 'No Adverse Observations' letter from the BSE Limited on August 7, 2025. This development follows closely on the heels of a 'No Objection' letter received from the National Stock Exchange of India (NSE) just a day earlier, on August 6, 2025.

Scheme Details

The Composite Scheme of Arrangement involves Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited. While the specifics of the scheme were not disclosed in the available information, such arrangements typically involve restructuring, mergers, or demergers among the participating companies.

Regulatory Approvals

The BSE's approval comes with 13 specific conditions that Triveni must adhere to. These conditions include:

1. Disclosure of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, and directors.
2. Ensuring that additional information submitted after filing the scheme is displayed on the company's and stock exchanges' websites.
3. Compliance with SEBI circulars and proper transfer of liabilities from the Transferor Company to the Amalgamated Company.
4. Inclusion of information about unlisted companies involved in the scheme in the format specified for abridged prospectus.
5. Using financials in the scheme that are not more than 6 months old.

Next Steps

The observation letter from BSE has a validity of six months, during which Triveni must submit the scheme to the National Company Law Tribunal (NCLT). The company is required to incorporate the observations of SEBI and stock exchanges in its petition to the NCLT.

Shareholder Information

Triveni has been advised to provide additional disclosures to shareholders in the explanatory statement accompanying the resolution for scheme approval. These disclosures include:

• Details of assets, liabilities, net worth, and revenue of the companies involved, pre and post-scheme.
• Impact of the scheme on the revenue-generating capacity of the Amalgamated Company.
• Rationale for the scheme and its impact on shareholders.
• Valuation details and basis for the companies involved.

Listing of Triveni Power Transmission Limited

The listing of equity shares of Triveni Power Transmission Limited will be subject to SEBI granting relaxation under Rule 19(2)(b) of the Securities Contract (Regulation) Rules, 1957, and compliance with SEBI circular requirements.

Geeta Bhalla, Group Vice President & Company Secretary of Triveni Engineering & Industries Limited, confirmed that the company will comply with all regulatory requirements and make necessary disclosures to ensure transparency throughout the process.

As the Composite Scheme of Arrangement progresses, shareholders and market observers will be keenly watching for further developments and the potential impact on the involved companies' operations and market positions.