TD Power Systems discloses indirect promoter share acquisition
- TD Power Systems disclosed an indirect acquisition by its promoter group on August 25, 2026
- The transaction involved a change in profit-sharing ratios within Sapphire Finman Services LLP
- Sofia Mohib Khericha’s profit share rose to 22.22%, while Mobina Mohib Khericha’s fell to 0.00%
- Total promoter holding remains unchanged at 26.87% or 83,957,322 shares
- The filing was made under Regulation 29(2) of SEBI SAST Regulations, 2011
*this image is generated using AI for illustrative purposes only.
TD Power Systems disclosed an indirect acquisition of equity shares by its promoter group on August 25, 2026. The filing confirms that there is no change in the overall promoter holding or control of the company.
The disclosure was made in terms of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved an internal restructuring within the promoter entity, Sapphire Finman Services LLP, rather than a direct market purchase or sale.
Promoter Entity Restructuring
The indirect acquisition resulted from a change in the profit-sharing ratio among partners of Sapphire Finman Services LLP, which holds 13.22% of TD Power Systems' equity. The total shareholding of the promoter group remains unchanged at 26.87% (83,957,322 shares).
Changes in Profit Sharing Ratio
The following changes occurred in the profit-sharing ratios of Sapphire Finman Services LLP:
| Partner Name | Pre-Ratio | Post-Ratio |
|---|---|---|
| Sofia Mohib Khericha | 11.11% | 22.22% |
| Mobina Mohib Khericha | 11.11% | 0.00% |
| Mohib Nomanbhai Khericha | 44.45% | 44.45% |
| Sagir Mohib Khericha | 22.22% | 22.22% |
| Shabnam Mohibbhai Khericha | 11.11% | 11.11% |
Sofia Mohib Khericha’s share increased to 22.22%, while Mobina Mohib Khericha’s share dropped to 0.00%. The other partners retained their existing ratios.
Shareholding Details
The total equity share capital of TD Power Systems stands at ₹31,24,56,860, comprising 31,24,56,860 equity shares with a face value of ₹1 each. The filing notes that shareholding figures have been adjusted for a previous 1:2 share split from ₹2 to ₹1 per equity share, though percentage holdings remain unchanged.
The promoter group, including Sofia Mohib Khericha, Sagir Mohib Khericha, Saphire Finman Services LLP, Aarya Sankaran Kumar, Hitoshi Matsuo, and Nikhil Kumar, continues to hold a combined stake of 26.87%. No warrants, convertible securities, or encumbrances were reported in this transaction.
Historical Stock Returns for TD Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | -2.46% | +30.23% | +67.53% | +172.63% | 0.0% |
How might the consolidation of profit-sharing interest under Sofia Mohib Khericha influence the strategic decision-making or governance structure of TD Power Systems?
Does this internal restructuring within Sapphire Finman Services LLP signal any upcoming changes in dividend policy or capital allocation strategies for the promoter group?
Could the exit of Mobina Mohib Khericha from the partnership indicate a broader shift in the promoter family's involvement in the company's operations?
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