Triveni Engineering: Allocation of Cost of Acquisition of Equity Shares Post Scheme of Arrangement
Triveni Engineering & Industries Ltd. has allocated the cost of acquisition for equity shares post a Scheme of Arrangement. 86.60% is allocated to Triveni Engineering & Industries Ltd. and 13.40% to Triveni Power Transmission Ltd. as per Income-Tax Act, 2025.
This is a routine procedural update related to a past corporate restructuring (Scheme of Arrangement) and its tax implications. It does not involve new financial transactions, strategic shifts, or operational changes that would significantly impact the company's current or future business.
The announcement is a procedural update regarding the allocation of the cost of acquisition of shares following a scheme of arrangement. It does not contain any financial performance indicators or strategic business updates that would lead to a positive or negative sentiment.
Triveni Engineering & Industries Ltd. has provided an update regarding the allocation of the cost of acquisition for equity shares following a Scheme of Arrangement. This scheme involves Triveni Engineering & Industries Ltd. (Demerged Company), Sir Shadi Lal Enterprises Ltd. (Amalgamating Company), and Triveni Power Transmission Ltd. (Resulting Company).
As per Sections 73(1) (Table Serial No. 14) and 73(1) (Table Serial No. 15) of the Income-Tax Act, 2025, the allocation of the cost of acquisition has been determined. For Triveni Engineering & Industries Limited, 86.60% of the cost of acquisition is allocated, while 13.40% is allocated to Triveni Power Transmission Limited.
This information has been hosted on the company's website, www.trivenigroup.com, for public record.
What to do with a filing like this
Triveni Engineering & Industries Limited filed this with the NSE as a statutory disclosure, categorised under restructuring. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Triveni Engineering & Industries Limited. Read the original for the full detail.