TD Power Systems Approves Fund Raising via Preferential Issue & QIP

TD Power Systems Ltd's Board of Directors has approved a two-pronged fund-raising strategy. This includes a preferential issue of equity shares 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 up to 12,50,000 equity shares at a post-split face value of ₹1 each. An Extra-Ordinary General Meeting (EGM) is scheduled for September 10, 2026, to seek shareholder approval for these proposals. The company also fixed September 3, 2026, as the cut-off date for determining shareholder eligibility for the EGM.