Triveni Engineering’s Demerger, 3 Stocks To Trade Ex- Dividend

Several major companies, including Aditya Birla Sun Life AMC Ltd., HEG Ltd. and Thangamayil Jewellery Ltd., are going to trade ex-dividend tomorrow, July 22, 2026, with the record date on the same day. Additionally, Triveni Engineering & Industries’ power transmission business is set for a demerger.

Aditya Birla Sun Life AMC Ltd

Aditya Birla Sun Life AMC Ltd, the company behind Aditya Birla Sun Life Mutual Fund, has declared a final dividend of ₹25.50 per equity share. The dividend will be paid within 30 days from the conclusion of its annual general meeting (AGM). It has a dividend yield (TTM) of 2.10%.

HEG Ltd.

HEG Ltd is among India’s leading graphite electrode manufacturers. It exports over 70% of its production to over 30 countries. The company has announced a final dividend of ₹3.40 per equity share and has a dividend yield (TTM) of 0.30%.

Thangamayil Jewellery Ltd

Thangamayil Jewellery, one of the fastest-growing companies in India, is positioned as a chain of retail jewellery stores across several districts in Tamil Nadu. It has announced a dividend of ₹18.00 per equity share and has a dividend yield (TTM) of 0.00%.

Triveni Engineering & Industries Ltd

Triveni Engineering is one of the largest global producers of sugar and ethanol, and a market leader in its engineering businesses, spanning power transmission, water & wastewater treatment solutions, and defence.

The company has announced the demerger of its power transmission business into a new standalone listed entity, Triveni Power Transmission Limited (TPTL).

Key Demerger Snapshot

What is Happening in this Restructuring?

The National Company Law Tribunal (NCLT), Allahabad Bench, sanctioned a Composite Scheme of Arrangement involving three entities:

• Sir Shadi Lal Enterprises Limited (SSEL) is being amalgamated into Triveni Engineering.
• The Power Transmission Business of Triveni Engineering is being demerged (spun off) into Triveni Power Transmission Limited (TPTL).

This separation creates two distinct companies, allowing each business to focus on its core operations and capital allocation strategies.

How Does the Share Swap Ratio Work?

The Board has established a share exchange ratio for existing equity investors:

For every 3 equity shares you hold in Triveni Engineering (Face Value ₹1), you will receive 1 equity share in Triveni Power Transmission Limited (Face Value ₹2).

Practical Examples:

• Holding 30 shares of TEIL: You will receive 10 shares of TPTL.
• Holding 300 shares of TEIL: You will receive 100 shares of TPTL.

Note: You retain all your original Triveni Engineering shares at the adjusted value. The new TPTL shares will be allotted in addition to your existing holdings.

What is the Significance of the Record Date?

The Board of Directors has set Wednesday, July 22, 2026, as the official Record Date. Only those shareholders whose names appear in the company’s register as of the end of business on July 22, 2026, will receive the new TPTL shares. To be eligible, investors must allow time for settlement.

What Do Shareholders Need to Do?

• No Action Required: Eligible shareholders do not need to submit any separate application or payment.
• Demat Delivery: The new fully paid-up shares of TPTL will be credited directly to your Demat account after processing by the registrar.
• Exchange Listing: Following allotment, TPTL will complete regulatory listing procedures to trade on both the BSE and NSE.