Triveni Engineering & Industries Ltd — Board/Management Information 2021

Jun 29, 2021

CORPORATE OFFICE

8'" Floor, Express Trade Towers, 15-16, Sector 16A, Noida - 201301, U.P., India T: +91 1204308100 I F: +91 1204311010-11 W: www.trivenigroup.com

- ,Date'June '79 2021
BSE Ltd.I SI Floor, New Trading Ring,Rotunda Building, PJ. Tower,Dalal Street, Fort, MUMBAI-400001e-mai 1- corl2. relationseabseindia.comThru : BSE Listing Centre	Stock Exchange of India Ltd.,NationalExchange Plaza, 51h Floor,Plot No. CII,G Block,Bandra-KurlaComplex,Bandra (E),MUMBAI-40005 Ie-mail cmlist(@nse.co.inThru : NEAPS
STOCK CODE: 532356	STOCK CODE: TRIVENI

Dear Sirl Madam,

Subject: Outcome of Board meeting held on June 29, 2021

This is to inform you that the Board of directors of the Company at their meeting held today i.e. June 29, 2021 have inter-alia considered and approved the following:

I. Financial Results

Audited financial results (stand -alone and consolidated) for the fourth quarter and financial year ended March 31, 2021. Accordingly the said results in the prescribed format under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed together with the Auditors Reports and the Newspaper publications issued by the Company.

We hereby declare that Mis S.S.Kothari Mehta & Company, Chartered Accountants, the Statutory Auditors of the Company have issued auditors Report with an unmodified opinion on the said Audited financial Results.

2. Recommendation of Dividend

Recommended payment of final dividend of 175% i.e. Re 1.75 per fully paid up equity share of Re 1/ each of the Company for the Financial year 2020-21.

3. Appointment of Independent Director

Appointment ofMr Ajay Relan (DIN:00002632) as Additional Director and as Non-Executive Independent Director for a period of 5 years with immediate effect i.e. June 29, 2021, subject to approval of the shareholders. The brief resume of Mr. Relan is attached as Annexure I. Mr.Relan is not related to any of the Directors, Key Managerial Personnel or Promoters of the Company. It is confirmed that he is not debarred for holding the office of director by virtue of any SEBI order or the order of any statutory authority.

4. Resignation of Director

Noted the resignation of Mr Shekhar Datta (DIN: 00045591) as Non Executive Independent Director of the Company and also from the Board's Committees of which he was a member with effect from June 29, 2021 due to his advancing age and health condition.

As required under Clause 7(B) of Schedule III of SEBI (LODR) Regulations, 2015 as amended, the resignation letter dated June 29,2021 submitted by Mr. Datta mentioning the detailed reasons for his resignation and the confirmation that there are no other material reasons other than what is stated in the letter is attached herewith as Annexure II.

5. Increase in distillation capacity of existing and upcoming distilleries

The Board has approved expansion of distillation capacity of the existing and upcoming distilleries located at Muzaffarnagar (U .P), Milak Narayanpur sugar unit at Distt Rampur U.P. and Sabitgarh Distt Bulandshahar ( U.P), subject to receipt of necessary statutory clearances, raising total distillation capacity from 520 to 660 KLPD at an aggregate cost of Rs. 100 crore (approx .. ) through low capital cost incidental expansion / debottlenecking through internal accruals. Such expansion will be completed before the commencement of the Sugar season 2022-23.

The meeting of the Board commenced at 3.30 p.m. and concluded at 8.40 p.m.

You are requested to please take the above on record and disseminate to all concerned.

Thanking you, Yours faithfully, For Triveni Engineering & Industries Limited

Gr up Vice President & Company Secretary Membership no A 9475 Encl: As above

Annexure 1

Brief Resume of Mr Ajay Relan

Mr. Ajay Relan r aged 67 years, is one of the pioneers of the Indian private equity industry. Prior to founding CX Partners, Mr Relan headed Citi's private equity business since its inception in 1995. Prior to this, he worked with several financial firms in multiple geographies, starting with Citibank in 1976 and the last being the CEO of a Citi affiliated brokerage firm, Citicorp Securities & Investments Ltd. He has served on the boards of several portfolio companies such as HT Media, Yes Bank, i-Flex and Progeon among others. He holds an MBA from Indian Institute of Management, Ahmedabad (1976) and B.A. (Hons) Economics from St. Stephen's College, Delhi University (1974) - top ranked in the University.

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Shekhar Datta Upohar Condoville, Tower No.1, Flat No. 1201, 2052, Chakgaria, Kolkata - 700 094

Date: 29.6.2021

The Board of Directors, Triveni Engineering and Industries Ltd. 8th Floor, Express Trade Towers, 15-16, Sector 16-A, NOIDA-201 3

Dear Sirs

I would like to inform you that unfortunately my advancing age and health condition doesn't allow me to continue on the Board of the Company. I therefore tender my resignation from the directorship (in the capacity of Non Executive Independent Director) of the Company i.e. Triveni Engineering & Industries Ltd. as also from the Committees of the Board viz. Audit Committee and Nomination & Remuneration Committee with immediate effect.

I hereby confirm that there is no other material reason of my resignation other than stated above. I would take this opportunity to express my gratitude to all my fellow Board members and the management for the co-operation extended to me during my long association with the Company.

Thanking you,

DIN :00045591