BSE sets 22 July 2026 as record date for Triveni Engineering demerger
Shareholders of Triveni Engineering get 1 share of Triveni Power Transmission for every 3 shares held; entitlement is automatic.
What changed
- Record date fixed as 22 July 2026 for demerger of Gears and Defence business into Triveni Power Transmission Ltd.
- Share swap ratio: 3 shares (Re.1 each) of Triveni Engineering for 1 share (Rs.2 each) of the resulting company.
The read
Triveni Engineering's demerger of its Gears and Defence segments is now on a fixed timeline. The 22 July 2026 record date locks in entitlements: every 3 shares of the parent (face value Re.1) will yield 1 share of Triveni Power Transmission (face value Rs.2). The swap is automatic – no shareholder action required. The real impact is the price adjustment on the ex-date, which will strip out the value of the demerged business. For long-term holders, this is a structural split; for traders, the price gap on 22 July is the number to watch. The scheme already has NCLT approval; execution is now procedural.
Primary source: official circular (PDF)