Triveni Power Transmission Limited (TPTL) has announced the listing of its equity shares on the BSE and NSE following the demerger of Triveni Engineering & Industries Limited’s (TEIL) power transmission business.

The demerger was completed under a Composite Scheme of Arrangement approved by the National Company Law Tribunal. The scheme became effective on 19 May 2026, with an appointed date of 1 April 2026.

Eligible TEIL shareholders received one fully paid-up TPTL equity share of face value Rs 2 for every three TEIL equity shares held on the record date of 22 July 2026.

TPTL has listed 104,754,338 fully paid-up equity shares of face value Rs 2 each. Its trading symbol is TRIVENIPT, with BSE scrip code 544824 and ISIN INE2WKE01011.

Tarun Sawhney, Vice Chairman & Managing Director, TPTL, said the independent listing would support sharper business focus, transparent performance evaluation and disciplined capital allocation. The company plans to invest in technology, talent and capabilities across industrial, marine and defence applications.

TPTL manufactures high-speed and specialised low-speed gearboxes, alongside providing refurbishment, upgrades, retrofits, replacements and lifecycle support.

Rajiv Rajpal, CEO, TPTL, said the company would focus on application-specific solutions, support for its installed equipment base and expansion in high-value industrial and defence segments.

With more than five decades of power transmission experience, TPTL serves global original equipment manufacturers, EPC companies and industrial customers across power generation, oil and gas, chemicals and fertilisers, steel, cement, sugar and distillery, marine and defence.