Triveni Engineering Rises 3% on Demerger Record Date
Shares of Triveni Engineering touched a day’s high of Rs 485.60 on NSE on Monday, rising as much as 3% intraday. The rally came after the company fixed 22 July as the record date for the demerger of its power transmission business. Under the scheme, eligible shareholders will get one... The post Triveni Engineering Rises 3% on Demerger Record Date appeared first on Equitypandit.
Shares of Triveni Engineering touched a day’s high of Rs 485.60 on NSE on Monday, rising as much as 3% intraday.
The rally came after the company fixed 22 July as the record date for the demerger of its power transmission business.
Under the scheme, eligible shareholders will get one share of Triveni Power Transmission Limited for every three shares of Triveni Engineering they hold as on the record date. The allotment will happen automatically, with no application needed from investors.
The demerger itself became effective on 19 May, with an appointed date of 1 April. It is part of a wider composite scheme involving Triveni Engineering, Sir Shadi Lal Enterprises and Triveni Power Transmission, sanctioned by the National Company Law Tribunal, Allahabad Bench, through orders dated 7 and 18 May.
The power transmission arm makes industrial gears, gearboxes and marine gearing solutions. For FY26, the segment posted revenue of Rs 340 crore, down 8% from the previous year, though it held a healthy PBIT margin of 35.4%. Its order book stood at Rs 467 crore at the end of FY26, slightly lower than Rs 475 crore a year earlier.
Management had earlier flagged temporary headwinds from the conflict in West Asia, which delayed deliveries and order finalisation. Even so, customer enquiries during FY26 doubled compared with the previous year.
The company expects the transmission business to keep delivering margins of around 35%, with Triveni Power Transmission likely to list by the end of August, subject to regulatory approvals.
By 12:10 pm, the stock was trading at Rs 474.80, up 2.68% on the day. Triveni Engineering shares have gained close to 25% so far this year.
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The post Triveni Engineering Rises 3% on Demerger Record Date appeared first on Equitypandit.
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