Triveni Engineering & Industries MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 7 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

• Adoption of Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors’ thereonMoreLess

  2 for0 against
• Confirmation of interim dividend of Rs. 1.50 per equity share already paid & Declaration of final dividend of Rs. 1.25 per equity share for the financial year ended March 31, 2026

  2 for0 against
• Re-appointment of Mr Tarun Sawhney (DIN:00382878) as a Director of the Company, liable to retire by rotation

  2 for0 against
• Ratification of remuneration payable to the Cost Auditor of the Company viz Mr. Rishi Mohan Bansal, Cost Accountant (FRN:102056) for the financial year 2026-27

  2 for0 against
• Payment of Commission to the Non-Executive Directors (including Independent Directors) of the Company for a period of five years commencing from FY 2026-27

  ›Against Angel One Mutual Fund

  • Angel One Mutual FundGovernance & Transparency Concern: Company has not provided absolute cap on the maximum commission payable to a single Non-Executive Director. Past distribution pattern demonstrates that the commission paid to Promoter Non-Executive Director has been skewed in his favour up to FY 2024-25. However, no clarification has been provided for the basis of the improved distribution during FY 2025-26. As a result, past commission distribution data is insufficient to determine whether future commission payment shall be fair.

  1 for1 against
• Revision in remuneration payable to Mr. Tarun Sawhney (DIN:00382878), Vice Chairman & Managing Directors of the Company with effect from 1st August, 2026 for the remainder of his current tenure ending on 30th September, 2028MoreLess

  2 for0 against
• Appointment of Mr. Vivek Viswanathan (DIN:00141053) as a Director of the Company liable to retire by rotation

  2 for0 against
• Appointment of Mr. Vivek Viswanathan (DIN:00141053) as a Whole-time Director of the Company for a period of five years with effect from 1st August, 2026 and payment of remuneration to him

  2 for0 against

Mutual fund votes, meeting of 7 Dec 2025, 17 fund houses

• Approval of Composite Scheme of Arrangement amongst Triveni Engineering & Industries Ltd, Sir Shadi Lal Enterprises Ltd and Triveni Power Transmission Ltd. and their respective shareholders and creditors under Sections 230-232 of the Companies Act, 2013MoreLess

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund

  • Angel One Mutual FundConcerns over demerger of Power Transmission Business of Triveni Engineering and Industries Ltd into Triveni Power Transmission Ltd as Triveni Engineering and Industries Ltd Promoters will have voting rights disproportionate to their economic rights.
  • Axis Mutual Fund, Bank of India Mutual Fund, SBI Mutual FundThe company proposes to enter into a two-step scheme of arrangement with Sri Shadi Lal Enterprises Limited and Triveni Power Transmission Limited. The company first proposes to amalgamate Sri Shadi Lal Enterprises Limited with itself and issue equity shares to the residual shareholders of SSEL. The dilution, as a result of this issue, is low at ~1.7%. From a valuations’ standpoint, the transaction will be executed at an EV/Revenue of 1.9x, which is in line with peers. Through the second step, the company proposes to demerge the Power Transmission Business Undertaking (PTB) to Triveni Power Transmission Limited (TPTL) – currently a wholly owned subsidiary. It is then proposed to list TPTL on the stock exchanges, thereby unlocking value for shareholders. While we understand the rationale for separating the businesses, we raise concern that TEIL proposes to retain a 30% equity stake in PTPL post the demerger. The rationale for holding ~30% post the demerger of the business is unclear.We understand that the economic interest of shareholders, as a result of this demerger, remains unchanged. However, we raise concern that by retaining ~30% shareholding in TPTL, the voting rights for the Promoter group increase from ~61% - had it been a mirror shareholding demerger – to ~73%. We believe these incremental voting rights are disproportionate with the actual economic interests of the promoters, without a clear rationale to this structuring arrangement. We do not support this resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. No major concerns are identified with the amalgamation of Sir Shadi Lal Enterprises Ltd into Triveni Engineering & Industries Ltd (TEIL). Governance and Transparency Concern: Governance and transparency concerns are identified with the demerger of Power Transmission Business into Triveni Power Transmission Ltd (TPTL). TEIL will retain 30% stake in TPTL. This decision is stated to be driven by balance-sheet considerations when bidding for defence projects. While the intent of TEIL to expand the defence business appears to be valid, however, the current scale of defence operations is not sizable and the potential growth remains uncertain. Ownership structuring tailored to a specific business need is generally justified only when that business constitutes a significant portion of the overall operations. In the absence of clarity on the likely contribution of the defence business to the consolidated business, it is difficult to assess whether structuring TPTL in the proposed manner is reasonable or justified. What also remains unclear is why the proposed structure is considered the most suitable framework, particularly when it results in promoters obtaining a disproportionate voting advantage. With TEIL holding only a 30% stake in TPTL, full balance-sheet consolidation will not occur, except to the extent of profit and loss recognition. Moreover, TEIL or the promoters could still extend support to the divested undertaking through mediums such as corporate guarantees. Answers to above issues are essential to gain adequate comfort over the rationale and fairness of the proposed scheme of arrangement.
  • ICICI Prudential Mutual FundTEIL proposes to retain a 30% equity stake in PTPL post the demerger. The rationale for holding ~30% post the demerger of the business is unclear. The voting rights of the promotor group increases from 61% to 73%- promotors will have voting rights disproportionate to their economic rights. Hence, the AMC voted against the resolution.
  • Kotak Mahindra Mutual FundThe company proposes to enter into a two-step scheme of arrangement with Sri Shadi Lal Enterprises Limited and Triveni Power Transmission Limited. The company first proposes to amalgamate Sri Shadi Lal Enterprises Limited with itself and issue equity shares to the residual shareholders of SSEL. The dilution, as a result of this issue, is low at ~1.7%. From a valuations standpoint, the transaction will be executed at an EV/Revenue of 1.9x, which is in line with peers. Through the second step, the company proposes to demerge the Power Transmission Business Undertaking (PTB) to Triveni Power Transmission Limited (TPTL) currently a wholly owned subsidiary. It is then proposed to list TPTL on the stock exchanges, thereby unlocking value for shareholders. While we understand the rationale for separating the businesses, we raise concern that TEIL proposes to retain a 30% equity stake in PTPL post the demerger. The rationale for holding ~30% post the demerger of the business is unclear. We understand that the economic interest of shareholders, as a result of this demerger, remains unchanged. However, we raise concern that by retaining ~30% shareholding in TPTL, the voting rights for the Promoter group increase from ~61% - had it been a mirror shareholding demerger to ~73%. We believe these incremental voting rights are disproportionate with the actual economic interests of the promoters, without a clear rationale to this structuring arrangement. Hence, we do not support this resolution.
  • LIC Mutual FundGovernance and Transparency Concern: Governance and transparency concerns are identified with the demerger of Power Transmission Business into Triveni Power Transmission Ltd (TPTL). TEIL will retain 30% stake in TPTL. This decision is stated to be driven by balance-sheet considerations when bidding for defence projects. While the intent of TEIL to expand the defence business appears to be valid, however, the current scale of defence operations is not sizable and the potential growth remains uncertain. Ownership structuring tailored to a specific business need is generally justified only when that business constitutes a significant portion of the overall operations. In the absence of clarity on the likely contribution of the defence business to the consolidated business, it is difficult to assess whether structuring TPTL in the proposed manner is reasonable or justified. What also remains unclear is why the proposed structure is considered the most suitable framework, particularly when it results in promoters obtaining a disproportionate voting advantage. With TEIL holding only a 30% stake in TPTL, full balance-sheet consolidation will not occur, except to the extent of profit and loss recognition. Moreover, TEIL or the promoters could still extend support to the divested undertaking through mediums such as corporate guarantees. Answers to above issues are essential to gain adequate comfort over the rationale and fairness of the proposed scheme of arrangement.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundGovernance and Transparency Concern: TEIL power transmission demerger into TPTL, lacka evidence that uncertain/small defence scale justifies balance-sheet split for bids.

  3 for13 against

  1 abstained

• Fine or penaltyDistrict Magistrate, KushinagarSince 2 Apr 2026

  Under Section 120/122 of the UP Sugarcane (Regulation of Supply and Purchase) Rules 1954 (Rule-40-d and Rule 94-A) and instructions of the Cane Commissioner, UP vide letter no. 1045/C dated 11/11/2025 penalty imposed on allegation of non-compliance of Act at Parsauni_B and Kotwa Centres on 11.02.2026

  Non-compliance of Act at Parsauni_B and Kotwa Centres (Unavailability of Drinking water facility, Copy of Abstract and Digital Display Board)
• Fine or penaltyCollector & District Magistrate, MuzaffarnagarSince 5 May 2026

  Details of the action(s) taken or order(s) passed Under Section 122 of the UP Sugarcane (Regulation of Supply and Purchase) Rules, 1954

  The Khandsari Nirakshak, Khatauli, during his visit to the Cane Centre - Gadanpura - I , observed that no list had been displayed at the cane centres regarding the transfer of cane weighment clerks.
• Fine or penaltyCollector & District Magistrate, MeerutSince 8 May 2026

  Details of the action(s) taken or order(s) passed Under Section 122 of the UP Sugarcane (Regulation of Supply and Purchase) Rules, 1954

  The Khandsari Nirakshak, Sardhana - III, during his visit to the Cane Centre - Khera -V , observed that the weighment clerk deputed on the centre is working in own village

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

Yes

The filing has a part on fines and penalties

Yes

The filing has a part on tax disputes

No

There was a cyber security incident in the quarter

No

The company's own answers in its filing.