Triveni Engineering & Industries Limited
Triveni Engineering and Industries Ltd is an Integrated and diversified conglomerate in areas of sugar, ethanol and engineering. it is located strategically in sugarcane-rich western and central belt of UP. The company is among the Top 3 manufacturers in India for sugar & second highest supplier for ethanol.
What Triveni files
- Others63
- Investor Meet41
- Updates29
- Important15
- Dividend/Bonus10
- PPTs9
Triveni Engineering disclosed the tax cost allocation for shareholders post-restructuring: 86.6% for TEIL shares and 13.4% for Triveni Power Transmission shares.
Following a scheme of arrangement, Triveni Engineering & Industries has allocated share acquisition costs: TEIL at 86.60% and Triveni Power Transmission at 13.40%. This update clarifies the cost basis for shareholders after the restructuring.
Triveni Engg. approved Q1 results: Consolidated revenue ₹1,950.14 Cr, PAT ₹3.65 Cr (Standalone PAT ₹(1.72) Cr). Power Transmission Business demerged; now an associate (29.88% stake). Vivek Viswanathan appointed Whole-time Director. MD's pay revised.
Triveni Engineering's board approved Q1 results (Consolidated Revenue ₹1950.14 Cr, Profit ₹3.65 Cr). It demerged its Power Transmission Business (assets ₹445.28 Cr), making TPTL an associate. Vice Chairman Tarun Sawhney's remuneration was revised, and Vivek Viswanathan was appointed Whole-time Director.
TPTL allotted 7.34 Cr shares, completing its demerger from TEIL, and is now an associate of TEIL. Significant board and management changes were announced, including new Chairman, MD, CFO, and Company Secretary appointments.