The meeting of unsecured creditors of Triveni Engineering & Industries Limited, convened under the directions of the National Company Law Tribunal (NCLT), Allahabad Bench, approved the composite scheme of arrangement. The approval was granted via video conferencing, with e-voting options provided to the creditors. The cut-off date for determining voting eligibility was July 31, 2025.
Creditors Approve Scheme
In a meeting held on December 7, 2025, the unsecured creditors of Triveni Engineering & Industries Limited approved the composite scheme of arrangement. This meeting was convened following the directives from the National Company Law Tribunal (NCLT), Allahabad Bench, as per orders dated October 17, 2025, and October 28, 2025.
Meeting Details and Voting
The meeting, conducted via video conferencing, allowed unsecured creditors to consider and approve the scheme. Creditors were given the option to vote remotely or during the meeting, with the cut-off date for voting eligibility set as July 31, 2025. Subrata Kumar Dash was appointed as the chairperson for the meeting.
Scheme Details and Availability
The approved composite scheme of arrangement involves Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited, along with their respective shareholders and creditors. Detailed notice and explanatory statements are available on the company’s website for further review.
Financial Restructuring and Approvals
The scheme encompasses the amalgamation of Sir Shadi Lal Enterprises Limited into Triveni Engineering & Industries Limited and the demerger/transfer of the PTB undertaking into Triveni Power Transmission Limited. This restructuring aims to create operational synergies. The scheme is subject to the approval of the Allahabad Bench of the NCLT and other relevant statutory or regulatory bodies. This scheme will enable streamlined operations and improved financial structure for all parties involved.
Source: BSE
