Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Intimation Regarding Commencement Of Commercial Operations At New Distillery At Milak Narayanpur, Dist. Rampur, Uttar Pradesh

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the new 160 KLPD distillery of the Company at its sugar unit at Milak Narayanpur, District Rampur, Uttar Pradesh, (which has the flexibility to operate with multiple feedstocks i.e. molasses/cane juice & syrup/grain based) has commenced commercial operations with effect from 4th April, 2022.
05-04-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Closure of Trading Window

Pursuant to the SEBI (Prevention of Insider Trading) Regulations, 2015 as amended and in terms of the Code of Conduct to Regulate, Monitor and Report Trading by Insiders in Securities of the Company, the Trading Window for dealing in equity shares of the Company shall remain closed with effect from 1st April, 2022 till 48 hours after the announcement of the audited financial results of the Company for the 4th quarter and financial year ending 31st March, 2022 to the stock exchanges. The date of Board meeting for the aforesaid purpose shall be intimated to you in due course.
30-03-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Investor Conference
23-03-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Intimation To Shareholders Holding Shares In Physical Mode For Furnishing KYC

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith a copy of the letter sent to the shareholders holding shares in physical mode requesting them to furnish their PAN, KYC and nomination details to the Registrars and share Transfer Agent of the Company i.e. KFin Technologies Private Limited, in compliance with the SEBI Circular No. SEBI/ HO/MIRSD/ MIRSD RTAMB/ P/ CIR/ 2021/ 655 dated November 3, 2021. The same is also being made available on the Company's website www.trivenigroup.com.
25-02-2022

Triveni Engineering Q3 profit rises 37%; revenue up at Rs 1,242 cr

Triveni Engineering and Industries Ltd has reported a 37% rise in its consolidated net profit to Rs 130.12 crore for the December 2021 quarter on higher revenue
03-02-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015 as amended, we enclose copies of the newspapers advertisement pertaining to the financial results of the Company for the Q3 and 9M FY22 ended December 31, 2021 published in the Business Standard (English & Hindi) on 3rd February, 2022.
03-02-2022
Bigul

Q3FY22 Quarterly Result Announced for Triveni Engineering & Industries Ltd.

Sugar company Triveni Engineering & Industries declares Q3FY22 result: Gross Revenue from Operations at Rs 3501.92 crore Profit before Tax at Rs 430.34 crore, a growth of 32% Profit after Tax at Rs 314.89 crore, a growth of 50% Net turnover has declined by 1% in the current quarter and 8% in the nine-month period due to lower sugar sales volume by 18% and 22% in the aforesaid periods. No exports have taken place in respect of the Season 2021-22. All other segments registered increase in turnover except for 6% lower turnover in Water Business for nine-month period. Aggregate of Sugar & Distillery segments achieved 22% and 12% increase in profitability during the quarter and nine-month period. Substantial increase in sugar prices in the current quarter has helped sugar operations to maintain the profitability. In respect of distillery operations, both sales volumes and high realization prices have contributed to increase in profitability. Engineering business at an aggregate level reported strong revenue increase of 38% and 12% and increase in profitability by 114% and 76% during the quarter and nine-month period. Power Transmission and Water Business have achieved higher profitability of 91% and 54% during ninemonth period. The total debt on a standalone basis as on Dec 31, 2021 is Rs 525 crore as against Rs 550 crore as on Dec 31, 2020. It comprises term loans of Rs 385 crore, almost all such loans are with interest subvention or at subsidized interest rate. On a consolidated basis, the total debt is at Rs 592 crore with term loan at Rs 451 crore Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said: “Overall performance of the Company during the nine months ended December 31, 2021 has been satisfactory. The increase in cane prices by Rs 250 per tonne for the Sugar Season 2021-22 (SS 2021- 22) will be largely offset by recent increase in sugar prices. While the estimated stocks of 6.65 million tonnes at the end of the current sugar season are likely to support the domestic sugar prices, continuance of exports and / or substantial diversion of sugar for ethanol next year will be key to maintain the sugar prices. We hope that the Government addresses the long pending increase in Minimum Selling Price (MSP) of sugar to maintain viability of sugar mills and to preserve their cane price paying capacity. On the pricing side, even though sugar prices have come off their recent peaks both in domestic and global markets, they are higher than last year. With a global deficit anticipated yet again in SS 2021- 22, we expect international sugar prices to stay firm. It appears that without an export assistance programme/reintroduction of Maximum Admissible Export Quantity (MAEQ), northern millers may not participate in exports unless the international prices improve meaningfully from current levels. Nevertheless, exports may continue to be viable from Maharashtra and other coastal regions. We witnessed delayed start to the sugar season (SS) 2021-22 owing to extremely high rainfall especially in the crucial month of October. Certain regions of Uttar Pradesh have witnessed uncharacteristically high rainfall even in the last one month. All these climatic issues may have an impact on the yields and recovery. However, the improved weather conditions hereon will facilitate uninterrupted crush and improved recoveries. The Company continues to pursue change in varietal mix to reduce dependence on Co-0238 variety The distillery segment continued its strong performance driven by higher sales volumes and realization prices due to improved product mix. Owing to some approval delays, inclement weather and COVID related constraints, we are now expecting the first tranche of 220 KLPD distillery expansion of the our 340 KLPD expansion plans to commence by March 2022. The balance 120 KLPD is expected to be operational around Q1 FY 23. The Company’s overall capacity after both expansions will more than double from current levels of 320 KLPD to 660 KLPD. We remain excited about our engineering businesses, which has largely overcome the impact of COVID on its operations and those of its customers and has put up much better performance in terms of turnover and profitability. A broad-based economic recovery which is already underway is likely to 4 keep the demand strong for these businesses. Power transmission business is poised for strong growth in the coming years across the gamut of services such as Defence, Gears and Built to print. The Company has a strong order pipeline in its Water business and we continue to bid for many new projects to improve it further.” Result PDF
03-02-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Investor Presentation

We send herewith a copy of investors' brief on the performance of the Company for the Q3 & 9M FY2022 (consolidated) ended December 31, 2021 for your information. The same is also being made available on the Company's website www.trivenigroup.com.
02-02-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Board Meeting Outcome for Outcome Of The Board Meeting Held On February 2, 2022

The Board of Directors of the Company at their meeting held today i.e. February 2, 2022, has inter-alia considered and taken on record/approved the following :- (i). Unaudited Financial Results (stand-alone and consolidated) for the 3rd quarter and nine months ended December 31, 2021. (ii). Re-appointment of Mr Jitendra Kumar Dadoo (DIN:02481702) as an Independent Director of the Company (on the recommendation of the Nomination and Remuneration Committee) for a period of five years, on expiry of his present term of office, i.e. with effect from 21st May, 2022, subject to approval of the shareholders of the Company by way of a special resolution. The brief profile of Mr Dadoo is enclosed as Annexure-I. (iii). Appointment of M/s Suresh Gupta & Associates (SGA), Company Secretaries (FCS: 5660 / CP: 5204) as Secretarial Auditor of the Company for the financial year 2021-22 ending on March 31, 2022. The brief profile of SGA is enclosed as Annexure-II.
02-02-2022
Bigul

TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Outcome Of The Board Meeting Held On February 2, 2022

The Board of Directors of the Company at their meeting held today i.e. February 2, 2022, has inter-alia considered and taken on record/approved the following :- (i). Unaudited Financial Results (stand-alone and consolidated) for the 3rd quarter and nine months ended December 31, 2021. (ii). Re-appointment of Mr Jitendra Kumar Dadoo (DIN:02481702) as an Independent Director of the Company (on the recommendation of the Nomination and Remuneration Committee) for a period of five years, on expiry of his present term of office, i.e. with effect from 21st May, 2022, subject to approval of the shareholders of the Company by way of a special resolution. (iii). Appointment of M/s Suresh Gupta & Associates (SGA), Company Secretaries (FCS: 5660 / CP: 5204) as Secretarial Auditor of the Company for the financial year 2021-22 ending on March 31, 2022.
02-02-2022
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