TD Power Systems Ltd Approves Fund Raising via Preferential Issue & QIP

TD Power Systems Ltd's Board of Directors, in a meeting held on August 14, 2026, approved two significant fund-raising initiatives: a Preferential Issue and a Qualified Institutions Placement (QIP). The Preferential Issue involves raising funds through the issuance of equity shares to promoters Nikhil Kumar and Mohib Nomanbhai Khericha, with adjusted issue prices post-share split. The QIP aims to raise up to ₹600 Crores by issuing equity shares or other securities. An Extra-Ordinary General Meeting (EGM) is scheduled for September 10, 2026, to seek shareholder approval for these proposals. A cut-off date of September 3, 2026, has been set for determining shareholder eligibility for electronic voting at the EGM.