Triveni Engineering & Industries announced that Tarun Sawhney Trust, part of the promoter group, has acquired an additional 26.60% stake in STFL Trading and Finance from Mrs. Rati Sawhney. This acquisition increases the Trust’s holding in STFL from 36.70% to 63.30%. The transaction, completed on February 6, 2026, is aimed at streamlining succession within the promoter family. There is no change in the company’s control or management.
Promoter Group Restructuring
Triveni Engineering & Industries has been notified by Tarun Sawhney Trust about an increase in its stake in STFL Trading and Finance Private Limited (STFL). The acquisition of shares occurred on February 6, 2026. STFL holds a substantial portion of Triveni Engineering’s shares.
Details of the Acquisition
The Tarun Sawhney Trust acquired 26.60% of shares in STFL from Mrs. Rati Sawhney, a promoter. Following this transaction, the Trust’s total holding in STFL increased from 36.70% to 63.30%. The Trust now controls STFL.
Rationale and Impact
This acquisition is part of an internal reorganization within the promoter family aimed at succession planning. While the Acquirer Trust has gained control over STFL, it is emphasized that there will be no change in the control or management of Triveni Engineering & Industries. The transaction was approved via a SEBI exemption order dated October 30, 2025.
Source: BSE
