Triveni Power Transmission Ltd. Allots 7.34 Cr Shares, Appoints New MD & CFO
Triveni Power Transmission Ltd. allotted 7.34 crore shares to Triveni Engineering & Industries Ltd. shareholders, making it an associate. EY appointed as internal auditor. Mrs. Geeta Bhalla and Mr. Suresh Taneja resigned as directors. Mr. Tarun Sawhney appointed as Vice Chairman & MD, Mr. Raman Kumar S. as CFO, and Mr. Rakesh Kumar Yadav as CS.
The share allotment and change in directorships are material events that impact the corporate structure and management of Triveni Power Transmission Ltd., influencing its relationship with the parent company and its future operations.
The announcement details significant corporate actions including share allotment, appointment of key management personnel, and internal auditor, which are positive steps for corporate restructuring and governance.
Triveni Power Transmission Ltd. (TPTL), an associate of Triveni Engineering & Industries Ltd. (TEIL), has communicated material updates regarding the Composite Scheme of Arrangement. TPTL has completed the allotment of 7,34,54,338 fully paid-up equity shares of ₹2 each to the eligible shareholders of TEIL as of the record date, July 22, 2026. This allotment has resulted in TPTL ceasing to be a subsidiary and becoming an associate of TEIL.
At a board meeting held on July 28, 2026, TPTL's board approved several key decisions. M/s Ernst & Young (EY) has been appointed as the Internal Auditor for the Financial Year 2026-27. The company has also adopted certain policies to comply with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018, in anticipation of its listing.
Furthermore, the board accepted the resignations of Mrs. Geeta Bhalla and Mr. Suresh Taneja as Directors, effective from the closure of business hours on July 28, 2026. The board also approved the appointment of key managerial personnel: Mr. Dhruv M. Sawhney as Non-Executive Chairman, Mr. Tarun Sawhney as Vice Chairman & Managing Director for five years (subject to shareholder approval), Mr. Raman Kumar S. as Chief Financial Officer, and Mr. Rakesh Kumar Yadav as Company Secretary & Compliance Officer. Several individuals have also been designated as Senior Management Personnel.
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Triveni Engineering & Industries Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.