TD Power Systems Limited has approved a preferential allotment of 12,50,000 equity shares at an issue price of ₹600 per share, aggregating to ₹75 crore. This decision, made on September 20, 2026, follows a special resolution passed by shareholders and in-principle approval from stock exchanges. The newly allotted shares will rank pari-passu with existing equity shares, impacting the company’s capital structure and ownership base.
Preferential Share Allotment Approved
TD Power Systems Limited announced the approval of a preferential allotment of equity shares. The decision was made by the Board of Directors through a resolution passed on September 20, 2026. This move follows a special resolution passed by the company’s members at an Extraordinary General Meeting on September 10, 2026, and subsequent in-principle approvals from the BSE Limited and the National Stock Exchange of India Limited, dated September 11, 2026.
Key Details of the Allotment
The allotment involves 12,50,000 equity shares, each with a face value of ₹1. The issue price has been set at ₹600 per equity share, resulting in a total aggregate value of ₹75,00,00,000 (Rupees Seventy-Five Crore). This preferential issue is being conducted in accordance with the Companies Act, 2013, and relevant SEBI regulations. The allottees are detailed in the enclosed Annexure A, with two identified individuals: Nikhil Kumar and Mohib Nomanbhai Khericha.
Impact on Existing Shares
The newly allotted equity shares will carry the same rights and obligations as the existing equity shares of the Company, ranking pari-passu in all respects. The preferential issue is structured in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, among other applicable laws.
Allottee Information
The allotment is to two individuals. Nikhil Kumar and Mohib Nomanbhai Khericha were each allotted 6,25,000 equity shares. Post-allotment, Nikhil Kumar’s holding increased to 2,65,55,640 shares representing 8.47% of the total equity, while Mohib Nomanbhai Khericha now holds 6,25,000 shares, accounting for 0.20%. The issue price of ₹600 per share includes a premium of ₹599 per share.
The information regarding this preferential allotment is also available on the company’s website at www.tdps.co.in.
Source: BSE
