TD Power Systems Ltd

Meeting Details

• Date & time: 30 September 2026, 02:00–03:00 IST
• Type & mode: Group virtual investor meeting
• Event/organiser: Goldman Sachs – Hidden Gems
• Purpose: Discuss publicly available information from prior quarter investor presentation

Participants

• Company officials to participate (roles not specified)
• Host: Goldman Sachs

Meeting Details

• Date and time: 29 September 2026 at 10:00 AM IST.
• Type: Group investor/analyst meeting.
• Host: TD Power Systems Limited.
• Mode: Physical at the company plant, Bengaluru.

Participants

• Company management representatives from finance and investor relations.
• Investor/Analyst participants invited by the host.

Purpose

• Discuss publicly available information from the prior-quarter investor presentation.
• No UPSI will be discussed.

Shareholding / Allotment Details

• Board approved preferential allotment of 12,50,000 equity shares at ₹600 each.
• Total issue size ₹75,00,00,000 on a preferential basis.
• Allottees: promoter group Nikhil Kumar and Mohib Nomanbhai Khericha.
• Issue price ₹600 per share including premium of ₹599.
• Post-allotment holdings: Nikhil Kumar 2,65,55,640 shares (8.47%).
• Khericha post-allotment holding 6,25,000 shares (0.20%).
• Date of allotment: 20 September 2026, 11:12 PM IST.
• Shares rank pari-passu with existing equity shares.
• In-principle approvals from BSE and NSE received.
• Special resolution passed at EGM on Sept 10, 2026.

Promoter preferential issue

• BSE and NSE granted in-principle approvals for promoter preferential issue.
• Issue size: 12,50,000 equity shares to promoters at minimum Rs 600 per share.
• Minimum aggregate value: Rs 75 million.
• Approvals dated September 11, 2026.
• Listing application and other regulatory clearances to be fulfilled before allotment.
• Internal controls for allottee trades to be strengthened; undertakings to avoid intraday trades until allotment.
• NSE reserves right to withdraw in-principle approval if information is incomplete or incorrect.

Resolution 1: Preferential issue to promoters

• Special resolution: issue of equity shares to promoters up to ₹75 crore; promoters interested: Yes; approved by shareholders.

Resolution 2: QIP capital raise

• Special: raise capital via QIP in tranches; promoters not participating; approved.

Resolutions and outcomes

• Special: Preferential issue of equity shares to promoters, aggregate consideration up to ₹75 crore.
• Special: Capital raise via QIP in one or more tranches.
• Promoter/director interest: Promoters are intended allottees; no other details provided.
• Voting outcome: All resolutions passed with requisite majority.
• Post-results: Scrutinizer's report filed; no further governance actions stated.
• Impact on shareholding: Potential promoter stake increase upon allotment; exact percentages not disclosed.
• Use of funds: Not disclosed in the filing.
• Date and mode: EGM held Sept 10, 2026 via VC/OAVM.

Key details

• Target company: TD Power Systems Limited.
• Acquirers: Saphire Finman Services LLP and related promoter-group individuals.
• Promoter-group status: Yes for acquirers.
• Transaction type: Indirect acquisition of equity shares.
• Pre-transaction holding: 83,957,222 shares (26.87%).
• Transaction details: Indirect acquisition via Annexure B; dated August 21, 2026.
• Post-transaction holding: Saphire Finman Services LLP 41,316,450 shares (73.22%).
• Date of transaction: August 21, 2026.
• Capital: before/after Rs 31,24,56,860; diluted capital unchanged.