Triveni Engineering & Industries , a prominent player in the sugar and engineering sectors, has received a significant regulatory approval for its composite scheme of arrangement. The National Company Law Tribunal (NCLT) Allahabad Bench has approved the second motion petition for the company's restructuring plan, marking a crucial step forward in the corporate reorganization process.

NCLT Approval Details

The NCLT Allahabad Bench, through its order dated December 16, 2025, has allowed the second motion petition under Company Petition No. 37/ALD/2025 connected with Company Application No. 29/ALD/2025. The tribunal's decision paves the way for the next phase of the composite scheme implementation.

Composite Scheme Structure

The approved scheme involves a complex corporate restructuring with two main components:

Amalgamation Component

• Sir Shadi Lal Enterprises Limited (SSEL) will be amalgamated into Triveni Engineering & Industries Limited (TEIL)
• This merger will consolidate operations and streamline the corporate structure

Demerger Component

• The Power Transmission Business (PTB Undertaking) of TEIL will be demerged into Triveni Power Transmission Limited (TPTL)
• This separation will create a focused entity for the power transmission operations

Regulatory Process and Next Steps

Following the NCLT approval, the tribunal has directed comprehensive notice requirements to various statutory authorities including:

• Central Government through Ministry of Corporate Affairs
• Income Tax authorities for all three companies
• Stock exchanges (BSE Limited and National Stock Exchange)
• Regional Directors and Registrar of Companies

All authorities have been given 30 days from receipt of notice to file representations, if any. The scheme must also be published in prominent national dailies - Financial Express (English) and Jansatta (Hindi) in all editions.

Previous Financial Performance

The company had earlier reported mixed results for Q2 with total consolidated revenue of ₹2,014.46 crore and net profit of ₹21.38 crore. The diversified business model showed varying segment performance:

Strategic Implications

This NCLT approval represents a significant milestone in Triveni Engineering's corporate restructuring journey. The composite scheme, once fully implemented, is expected to optimize the company's operational efficiency and create distinct value propositions for different business verticals. The final hearing scheduled for February 5, 2026, will determine the complete approval and implementation timeline for this strategic reorganization.

Triveni Engineering & Industries Ltd has issued a formal notice to stock exchanges regarding the transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) under regulatory compliance requirements.

Regulatory Compliance Notice

The company has fulfilled its regulatory obligations by publishing newspaper advertisements in Financial Express (English) and Jansatta (Hindi) on December 18, 2025, as required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Communication Details

The notice encompasses specific actions taken by the company to inform affected shareholders:

IEPF Transfer Process

Under Section 124 of the Companies Act, 2013, and applicable rules, unclaimed dividend amounts lying in the company's Unpaid Dividend Account for seven years must be transferred to the IEPF. The interim dividend for financial year 2018-19 will be transferred within 30 days from the due date of March 17, 2026.

Shareholder Action Required

Shareholders who have not claimed or encashed their dividend warrants are advised to submit their claims before the March 10, 2025 deadline. The company has provided detailed procedures for claiming unclaimed dividends through RTGS/NEFT to shareholders' bank accounts.

Share Transfer Implications

As per Section 124(6) and IEPF Authority Rules, 2016, shares corresponding to unclaimed dividends for seven consecutive years will be transferred to the IEPF's demat account. Once transferred, shareholders can reclaim their shares and dividends by submitting Form IEPF-5 available on www.iepf.gov.in .

The notice was signed by Geeta Bhalla, Group Vice President & Company Secretary (M.No. A9475), and sent to both BSE Limited and National Stock Exchange of India Ltd for regulatory compliance.