Triveni Engineering Shareholders to Receive TPTL Shares; Record Date Set as July 22, 2026

Triveni Engineering & Industries Ltd has fixed July 22, 2026, as the record date to determine the shareholders eligible to receive equity shares of Triveni Power Transmission Ltd (TPTL) under the company's demerger scheme.  

The decision was approved by the board in consultation with TPTL and has been disclosed under Regulations 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

Share Exchange Ratio 

Under the approved arrangement, shareholders will receive one equity share of TPTL with a face value of ₹2 for every three equity shares of Triveni Engineering with a face value of ₹1 each.  

The company said the allotment will be made automatically to eligible shareholders without requiring any application or further action. The new shares will be issued as fully paid-up equity shares.  

Demerger Effective from April 1 

The announcement follows the implementation of the company's demerger scheme, which became effective on May 19, 2026. As part of the arrangement, Triveni Engineering's power transmission business has been transferred to Triveni Power Transmission Ltd with an appointed date of April 1, 2026.  

The latest disclosure relates only to the identification of eligible shareholders for the share allotment.  

NCLT Approval and Scheme Details 

The demerger is part of a composite scheme involving Triveni Engineering & Industries Ltd, Sir Shadi Lal Enterprises Ltd (SSEL) and Triveni Power Transmission Ltd. The scheme was sanctioned by the National Company Law Tribunal (NCLT), Allahabad Bench, through orders dated May 7 and May 18, 2026.  

Following the scheme becoming operational on May 19, the company has moved to complete the share distribution process for eligible investors.  

Next Step in the Process 

The record date will determine the shareholders entitled to receive TPTL shares under the approved exchange ratio. Investors whose names appear in the company's records on July 22, 2026, will be eligible for the allotment as the demerger process moves towards completion. 

Read More: Bharat Petroleum Share Price in Focus; Targets to Increase Fuel Retail Market Share and EV Charging Network! 

Triveni Engineering & Industries Share Price Performance  

As of July 10, 2026, 3:30 pm, Triveni Engineering & Industries Ltd share price closed at ₹460.00, up 1.09% from the previous closing price. 

Conclusion  

With the record date now fixed, the company will identify eligible shareholders for the allotment of Triveni Power Transmission Ltd shares under the approved demerger arrangement. 

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