TD Power Systems has completed the allotment of 12,50,000 equity shares on a preferential basis, raising ₹75 crore. The Board of Directors approved the allotment on September 20, 2026, following shareholder approval at an extraordinary general meeting held on September 10, 2026.

The issuance was executed in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received in-principle approval from both BSE Limited and the National Stock Exchange of India Limited on September 11, 2026.

Allotment Details

The equity shares were issued at a price of ₹600 per share, which includes a premium of ₹599 over the face value of ₹1. The newly allotted shares rank pari-passu with existing equity shares in all respects.

The total proceeds from the issue amount to ₹75,00,00,000. The allotment was distributed equally between two promoters:

Nikhil Kumar’s stake increased from 8.30% to 8.47%, while Mohib Nomanbhai Khericha acquired a fresh 0.20% stake. The event occurred on September 20, 2026, at 11:12 pm IST.

TD Power Systems has received in-principle approval from the Bombay Stock Exchange and the National Stock Exchange for a preferential issue of equity shares to its promoters.

The company secured the regulatory nod on September 11, 2026, paving the way for the issuance of 12,50,000 equity shares. The issue price is set at not less than ₹600 per share, with a face value of ₹1 each.

Issue Details

The preferential allotment is directed exclusively toward the promoters of TD Power Systems Limited. The transaction falls under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

Both exchanges have emphasized strict adherence to statutory guidelines. The company must ensure compliance with the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

TD Power Systems is required to strengthen internal controls to monitor trades by proposed allottees. Specifically, the company must obtain undertakings from allottees confirming no intra-day trading or sales in the scrip until the allotment date. Any non-compliance could impact the listing of these shares.

Upon allotment, the company must file a listing application within twenty days, as mandated by recent SEBI circulars. Failure to comply may attract fines. The exchanges reserve the right to withdraw approval if submitted information is found to be incomplete, incorrect, or misleading.