Triveni Engineering & Industries Limited has announced that the Composite Scheme of Arrangement involving the company, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited is now effective. Following sanction from the National Company Law Tribunal, the companies completed the required filings on May 19, 2026. This milestone marks the formal implementation of the restructuring plan for all shareholders and creditors involved.
Completion of Corporate Restructuring
Triveni Engineering & Industries Limited has successfully concluded the legal process for its Composite Scheme of Arrangement. The restructuring, which includes Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited, received the necessary official approval from the National Company Law Tribunal (NCLT), Allahabad Bench, through orders dated May 7, 2026, and May 18, 2026.
Effective Date and Formal Filing
The scheme officially became effective on May 19, 2026. The formalization process was finalized at 6:45 p.m. on the same day, following the filing of certified copies of the NCLT orders and the required Form No INC 28 with the Registrar of Companies. This strategic move aligns the interests of the respective shareholders and creditors, marking a significant step forward in the company’s organizational development.
Source: BSE
