TD Power Systems has opened its Qualified Institutions Placement (QIP) on October 7, 2026, setting a floor price of ₹775.35 per share. The Fund Raising Committee approved the opening of the issue and the preliminary placement document in a meeting held the same day.

Placement details

The following table summarises the key parameters disclosed for the QIP:

The floor price was determined based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. The 'relevant date' for the purpose of the issue was fixed as October 7, 2026. Pursuant to shareholder approval via a special resolution passed on September 10, 2026, the company may offer a discount of not more than 5% on this calculated floor price.

Regulatory approvals and process

The opening of the issue follows board approval granted on August 14, 2026, and subsequent shareholder approval at an extra-ordinary general meeting held on September 10, 2026. The Fund Raising Committee meeting commenced at 6:30 pm and concluded at 6:45 pm IST on October 7, 2026.

The final issue price will be determined by the company in consultation with the appointed lead manager. A copy of the preliminary placement document dated October 7, 2026, has been made available on the company's website.

Trading window closure

In compliance with the company's code of conduct for prevention of insider trading, the trading window for dealing in securities remains closed until 48 hours after the conclusion of the board meeting scheduled for the unaudited financial results for the period ended September 30, 2026.

TD Power Systems Limited has secured trading approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for 12,50,000 equity shares allotted on a preferential basis. Trading in these shares commenced on October 7, 2026.

The shares, with a face value of ₹1 each, were issued to the company's promoters at an issue price of ₹600 per share. This translates to a premium of ₹599 per share. The approvals were granted by both exchanges on October 6, 2026, following the company's application under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Listing approval details

The BSE granted final listing approval via letter reference 20261006-15. The NSE provided in-principle approval via reference NSE/LIST/57849. Both exchanges noted that trading in these specific shares is permitted with effect from Wednesday, October 7, 2026.

Regulatory compliance requirements

The exchanges mandated strict adherence to SEBI regulations. Specifically, the company must ensure compliance with Regulation 167 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. Additionally, if the allotment results in a change exceeding 2% of the total paid-up share capital, TD Power Systems is required to file its updated shareholding pattern in XBRL mode as per Regulation 31(1)(c) of the SEBI LODR Regulations.

Trading approval was contingent upon filing all necessary documents within seven working days from the date of listing approval, as specified by SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance may attract fines as prescribed by the regulator.