Investment21 Sept 2026, 10:49 am
TD Power Systems Allots 12.5 Lakh Shares on Preferential Basis for ₹75 Cr
AI Summary
TD Power Systems Ltd has approved the allotment of 12,50,000 equity shares of face value ₹1 each at an issue price of ₹600 per share, aggregating to ₹75 crore. This preferential issue was approved by the members at an EGM on September 10, 2026, and received in-principle approval from BSE and NSE on September 11, 2026. The Board of Directors passed a resolution on September 20, 2026, to approve the allotment. The newly allotted shares will rank pari-passu with existing equity shares. The allottees are Nikhil Kumar and Mohib Nomanbhai Khericha, each receiving 6,25,000 shares. This transaction is classified as an investment by the company.
Key Highlights
- Allotment of 12,50,000 equity shares at ₹600 each.
- Total funds raised amount to ₹75 crore.
- Shares allotted on a preferential basis to two individuals.
- New shares rank pari-passu with existing equity.
- Transaction approved by shareholders and stock exchanges.
Price Impact
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