TD Power Systems Limited has announced the record date for its upcoming share sub-division. The company will split each equity share with a face value of Rs.2/- into two equity shares, each with a face value of Rs.1/-. This corporate action, approved by shareholders, aims to increase the liquidity and accessibility of the company’s stock for investors. The record date has been fixed for Monday, August 24, 2026.
Share Sub-Division Announced
TD Power Systems Limited has officially set the record date for its proposed share sub-division, also known as a stock split. This strategic move will see each existing equity share, currently valued at Rs.2/- face value, being divided into two new equity shares. Consequently, the face value of each new share will be reduced to Rs.1/-. This decision was previously approved by the company’s shareholders during their 27th Annual General Meeting held on August 12, 2026.
Record Date and Purpose
The company has designated Monday, August 24, 2026, as the record date. This date will be crucial in determining the eligibility of shareholders to receive the split shares. The primary purpose of this sub-division is to enhance the marketability and liquidity of the company’s equity shares by making them more accessible to a wider range of investors. The split will not alter the total paid-up capital of the company or the shareholders’ proportionate ownership.
Details of the Share Split
The sub-division entails converting one equity share of Rs.2/- face value into two equity shares of Rs.1/- face value each. This corporate action is expected to make the stock more attractive to retail investors and potentially increase trading volumes on the exchanges. The BSE Scrip Code for TD Power Systems is 533553, and the NSE Symbol is TDPOWERSYS.
Source: BSE
