TD Power Systems Limited has announced an indirect acquisition of its equity shares, resulting in a change in the promoter group’s holding structure. This disclosure, made in accordance with SEBI regulations, details adjustments in profit-sharing ratios within the promoter entity, Saphire Finman Services LLP. While the total equity holding of Saphire Finman Services LLP in TD Power Systems Limited remains at 13.22%, individual profit-sharing ratios among partners have been altered. The acquisition was completed on August 21, 2026.
Disclosure of Indirect Acquisition
TD Power Systems Limited has filed a disclosure regarding an indirect acquisition of equity shares in the company, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The announcement, dated August 25, 2026, confirms that there has been no change in the overall Promoter holding or control of TD Power Systems Limited. The acquisition relates to the share/voting capital of the company.
Changes in Promoter Entity Profit Sharing
The disclosure, detailed in Annexure B, outlines changes in the profit-sharing ratios within the promoter entity, Saphire Finman Services LLP. This entity holds 41,316,450 equity shares, representing 13.22% of the total equity holding in TD Power Systems Limited. The changes reflect adjustments among the partners of Saphire Finman Services LLP, rather than a change in the total shareholding of the promoter entity itself.
Key changes in profit sharing within Saphire Finman Services LLP include:
- Sofia Mohib Khericha’s profit share increased from 11.11% to 22.22%.
- Mobina Mohib Khericha’s profit share decreased from 11.11% to 0.00%.
- Other partners, including Mohib Nomanbhai Khericha and Sagir Mohib Khericha, maintained their respective profit-sharing ratios of 44.45% and 22.22%.
Acquisition Details
The indirect acquisition of equity shares occurred on August 21, 2026. The total equity share capital of TD Power Systems Limited before and after the said acquisition remains Rs. 31,24,56,860, with each equity share having a face value of ₹1. The total number of shares carrying voting rights held by the acquirer/seller group stands at 83,957,322, representing 26.87% of the total share capital, both before and after the transaction.
Source: BSE
