Triveni Engineering's scheme of arrangement overwhelmingly approved by shareholders, creditors

On December 8, 2025, Triveni Engineering & Industries Limited disclosed the voting results and scrutinizer reports for its Composite Scheme of Arrangement. Meetings for equity shareholders, secured creditors, and unsecured creditors were held on December 7, 2025, through video conferencing and remote e-voting, as directed by the National Company Law Tribunal.

The Scheme of Arrangement was overwhelmingly approved by all three groups. Equity shareholders cast 158.76m valid votes, with 98.37% in favor and 1.63% against. Secured creditors unanimously approved the scheme with 100% of votes cast (INR 7.18bn) in favor. Unsecured creditors also showed strong support, with 99.74% of votes cast (INR 1.94bn) in favor and 0.26% against.

This approval by requisite majorities allows the company to proceed with the scheme, which involves Triveni Engineering & Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited.