TD Power Systems Files Declaration on Non-Applicability of SEBI Large Corporate Disclosure Requirements
TD Power Systems Limited filed a declaration with BSE and NSE on April 14, 2026, confirming it does not qualify as a Large Corporate under SEBI's disclosure requirements. The declaration references SEBI circulars from 2023 and 2018 that establish criteria for Large Corporate categorization. The filing was digitally signed by CFO M N Varalakshmi and Company Secretary Bharat Rajwani, ensuring regulatory compliance.

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TD Power Systems Limited has formally communicated to the stock exchanges that it does not fall under the Large Corporate category as defined by SEBI's disclosure requirements. The company submitted this declaration on April 14, 2026, to both BSE Limited and The National Stock Exchange of India Ltd.
Regulatory Compliance Declaration
The company's declaration specifically references the applicability criteria outlined in SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, read with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. These circulars establish the framework for determining which entities qualify as Large Corporates under SEBI's regulatory purview.
| Declaration Details: | Information |
|---|---|
| Filing Date: | April 14, 2026 |
| SEBI Circular Reference: | SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 |
| Additional Reference: | SEBI/HO/DDHS/CIR/P/2018/144 |
| Primary Circular Date: | October 19, 2023 |
| Secondary Circular Date: | November 26, 2018 |
Corporate Information and Signatories
TD Power Systems Limited, incorporated with CIN L31103KA1999PLC025071, operates from its registered office and factory located at 27, 28 and 29, KIADB Industrial Area, Dabaspet, Nelamangala Taluk, Bengaluru Rural District. The declaration was digitally signed by two key executives on April 14, 2026.
| Signatory Details: | Information |
|---|---|
| Chief Financial Officer: | M N Varalakshmi |
| Company Secretary & Compliance Officer: | Bharat Rajwani |
| Digital Signature Time (CFO): | 10:44:26 +05'30' |
| Digital Signature Time (CS): | 10:43:41 +05'30' |
Regulatory Framework Context
The SEBI circulars referenced in the declaration establish specific criteria for identifying Large Corporates, which are subject to enhanced disclosure requirements. Companies that do not meet these criteria must file declarations confirming their non-applicability status to maintain compliance with regulatory frameworks. This filing ensures transparency in corporate categorization and helps stock exchanges maintain accurate records of listed entities' regulatory status.
Historical Stock Returns for TD Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.78% | +12.59% | +24.30% | +55.03% | +125.60% | +557.35% |
What specific financial or operational thresholds might TD Power Systems need to cross to be reclassified as a Large Corporate in future assessments?
How might TD Power Systems' non-Large Corporate status affect its access to capital markets and institutional investor interest?
Will SEBI's evolving regulatory framework potentially lower the Large Corporate classification thresholds, impacting mid-sized companies like TD Power Systems?


































