Triveni Engineering & Industries Ltd. has announced significant updates regarding its composite scheme of arrangement with Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Ltd. In a key development, the Board of Directors of Triveni Power Transmission Ltd. (TPTL), at its meeting on June 04, 2026, approved the appointment of five new directors. These include Mr. Ashwath Ram, Mr. Siraj Azmat Chaudhry, Mr. Mahesh Ram Chand Chhabria, and Ms. Sandhya Vasudevan as Additional Non-Executive Independent Directors, each for a term of five years from June 04, 2026, to June 03, 2031. Additionally, Mr. Nikhil Sawhney was appointed as an Additional Non-Executive Non-Independent Director effective June 04, 2026. The board also recommended Mr. Dhruv M Sawhney for appointment as a Non-Executive Non-Independent Director, effective July 01, 2026. All these appointments are subject to shareholder approval. The company has also constituted an Audit Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee. The Annual General Meeting (AGM) is scheduled for June 30, 2026, to consider these director appointments and other related matters. These announcements are made in accordance with the observation letters received from NSE and BSE regarding the composite scheme of arrangement.
