Triveni Engineering & Industries Ltd

Financial performance

• Consolidated revenue ₹6,290.5 cr; up 10.6% YoY.
• Consolidated EBITDA ₹623.8 cr; up 16.9% YoY.
• Consolidated PAT ₹268.71 cr; up 12.8% YoY.
• Closing order book ₹1,503 cr as of 31-Mar-2026.

Strategic actions

• Composite Scheme of Arrangement approved; SSEL amalgamated with TEIL.
• Power Transmission demerged into TPTL; TEIL to hold ~30% post-demerger.

Capital structure & liquidity

• Debt-to-equity ratio 0.65x.
• Debt service ratio 2.40x.
• Current ratio 1.49.

Governance & ESG

• Board independence 62.5%.

Triveni Engineering & Industries Ltd Analyst/Investor Meet filing

Record date details

• Record date fixed for entitlement to TPTL equity shares.
• Share exchange ratio: 3 Demerged shares for 1 TPTL share.
• Record date: July 22, 2026.

Overview

• Composite arrangement transfers the power transmission business to the resulting company.
• Involves a demerged entity, an amalgamating entity, and the resulting entity.
• NCLT sanction obtained; effective date May 19, 2026.

Rationale

• Aims to segregate the power transmission business for strategic focus.
• Unlock value and simplify governance through standalone entity structure.

Key Terms & Structure

• Nature: demerger of the power transmission business into a resulting company.
• Appointed Date: April 1, 2026; Effective Date: May 19, 2026.
• Share exchange: 3 demerged shares for 1 new share of the resulting company.
• New share has face value INR 2; demerged shares face value INR 1.
• Record Date: July 22, 2026 for eligibility.
• No cash consideration is involved.

Financial Impact

• Share issuance: 1 new share of the resulting company for every 3 demerged.
• Assets and liabilities of the demerged business transfer to the resulting company.
• No cash consideration; capital structure moves to equity-based restructuring.

Stakeholders

• Shareholders receive TPTL shares; 3:1 ratio for demerged shares.
• Business operations are vested in the resulting company.

Status & Next Steps

• Scheme became effective May 19, 2026; record date fixed for July 22, 2026.
• NCLT sanction dates: May 7 and May 18, 2026.

• Details of dematerialisation/rematerialisation were furnished to all exchanges where the company's shares are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, depository's name substituted as registered owner.
• Securities dematerialised/rematerialised have been listed on the relevant stock exchanges.