Triveni audit committee certifies fractional-share proceeds distribution under merger scheme

Triveni Engineering & Industries said its Audit Committee and Independent Directors issued reports dated September 16, 2026 certifying distribution of proceeds from fractional shares to eligible shareholders under its composite scheme. The scheme created 4,308 consolidated fractional equity shares for 6,064 shareholders, following the merger of Sir Shadi Lal Enterprises into Triveni.

A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.

• Swap ratio and its valuation basis
• Regulatory and NCLT approvals required
• Appointed date