TD Power Systems secures listing approval for ₹600 preferential share allotment
- TD Power Systems received listing approval from BSE and NSE for 12.5 lakh equity shares
- Shares were allotted to promoters on a preferential basis at ₹600 per share
- Issue price includes a premium of ₹599 over the face value of ₹1
- Trading will begin after depository confirmation letters are filed with exchanges
*this image is generated using AI for illustrative purposes only.
TD Power Systems Limited has secured listing 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.
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 1, 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 LOD/PREF/NJ/FIP/878/2026-27. The NSE provided in-principle approval via reference NSE/LIST/57597. Both exchanges noted that trading in these specific shares will commence only after the company submits confirmation letters from NSDL or CDSL regarding the credit of shares to beneficiary accounts.
| Parameter | Details |
|---|---|
| Number of Shares | 12,50,000 |
| Face Value | ₹1 |
| Issue Price | ₹600 |
| Premium | ₹599 |
| Allotment Type | Preferential basis |
| Recipient | Promoters |
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 is 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.
Historical Stock Returns for TD Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | +3.48% | +5.24% | +86.09% | +168.13% | +2,460.28% |
How will the promoter's increased stake from this preferential allotment influence TD Power Systems' corporate governance structure and decision-making autonomy?
What specific capital expenditure projects or debt reduction strategies is the company planning to fund with the ₹75 crore raised from this issuance?
Does the significant premium over face value signal a strategic revaluation of the company's growth prospects ahead of potential future public offerings?
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