Triveni Turbine acquires remaining stake in South African subsidiary TSE Engineering

Triveni Turbine Limited announced on October 31, 2025, that its wholly owned subsidiary, Triveni Turbines DMCC-Dubai (TTDMCC), has acquired the remaining 30% equity shares of TSE Engineering Pty. Ltd. (TSE). This acquisition follows an initial 70% stake, making TSE a fully owned subsidiary of TTDMCC and a step-down subsidiary of Triveni Turbine.

The acquisition involves a cash consideration of ZAR 10.97 million, with completion expected by November 4, 2025. This transaction is categorized as a Related Party Transaction under SEBI Listing Regulations, conducted at arm's length. TSE specializes in high-precision engineering repairs and servicing rotating industrial machinery within the SADC region.

This strategic move aims to consolidate ownership, simplify the group structure, enhance decision-making agility, and achieve operational synergies. TSE's audited turnover for the last three fiscal years was ZAR 38.56 million in FY23, ZAR 57.45 million in FY24, and ZAR 108.68 million in FY25.