Triveni Engineering & Industries Limited has received official sanction from the National Company Law Tribunal (NCLT), Allahabad Bench, for its Composite Scheme of Arrangement. The court order, pronounced on May 07, 2026, paves the way for the consolidation involving Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited. The company will now proceed with fulfilling the conditions required to determine the official Effective Date of the scheme.
Tribunal Approval Received
Triveni Engineering & Industries Limited has successfully reached a major milestone regarding its corporate restructuring plans. On May 07, 2026, the NCLT, Allahabad Bench, formally pronounced the order sanctioning the Composite Scheme of Arrangement. This judicial approval marks the culmination of the process initiated in December 2025, involving the company, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited.
Next Steps and Implementation
With the order now secured, the company is focused on the next stages of the transition. The official text of the order is expected to be made available on the tribunal’s website shortly. Following this, the firm will work to satisfy the specific conditions stipulated in Clause 7 of the scheme to establish the Effective Date. Management will provide further updates to shareholders and the market once this date is finalized and the scheme becomes legally effective.
Source: BSE
