Regulatory12 Sept 2026, 03:40 pm
TD Power Systems Gets In-Principle Approval for Promoter Share Issue
AI Summary
TD Power Systems Ltd has received in-principle approval from BSE Ltd and the National Stock Exchange of India Limited for the preferential issuance of 12,50,000 equity shares to its promoters. The shares will be issued at a price not less than Rs. 600/- per equity share. The company has been advised by the exchanges to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to ensure compliance with SEBI regulations before the allotment and subsequent listing.
Key Highlights
- In-principle approval received from BSE and NSE for preferential share issue.
- 12,50,000 equity shares to be issued to promoters.
- Issue price set at a minimum of Rs. 600 per share.
- Company advised to enhance internal controls and ensure regulatory compliance.
Price Impact
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