The Hon’ble Tribunal approved the composite scheme of arrangement involving Triveni Engineering & Industries Limited (TEIL), Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL). The order, dated December 16, 2025, allows for the amalgamation of SSEL into TEIL and the demerger of PTB Undertaking of TEIL into TPTL. The official order is available on the company’s website.
Tribunal Approval Received
Triveni Engineering & Industries Limited announced that the Hon’ble Tribunal has approved the composite scheme of arrangement involving several entities. This crucial step finalizes a significant restructuring initiative for the company and its related entities.
Details of the Scheme
The approved scheme involves Triveni Engineering & Industries Limited (“TEIL”/ “the Company”), Sir Shadi Lal Enterprises Limited (“SSEL”), and Triveni Power Transmission Limited (“TPTL”). The arrangement includes the amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) into Triveni Engineering (TEIL). Furthermore, the scheme facilitates the demerger of the Power Transmission Business (PTB) Undertaking from Triveni Engineering (TEIL) into Triveni Power Transmission Limited (TPTL).
Key Dates
The Hon’ble Tribunal issued the order on December 16, 2025, under Company Petition No. 37/ALD/2025 connected with Company Application No. 29/ALD/2025, allowing the second motion petition. The order is available for review on the company’s website.
Source: BSE