TD Power Systems Approves Fund Raising via Preferential Issue & QIP

TD Power Systems Ltd's Board of Directors has approved two significant fund-raising initiatives: a Preferential Issue to promoters Nikhil Kumar and Mohib Nomanbhai Khericha, and a Qualified Institutions Placement (QIP) aiming to raise up to ₹600 Crores. The Preferential Issue involves allotting equity shares at a post-split face value of ₹1, with adjusted prices. The QIP will issue equity shares or other securities. Both initiatives are subject to shareholder and regulatory approvals. An Extra-Ordinary General Meeting (EGM) is scheduled for September 10, 2026, to seek these approvals. The company also announced a record date of August 24, 2026, for a previously approved equity share split.