AGM/EGM17 Aug 2026, 06:40 pm
TD Power Systems to hold EGM for ₹75 Cr preferential issue
AI Summary
TD Power Systems Ltd has announced an Extraordinary General Meeting (EGM) scheduled for September 10, 2026, at 02:30 PM IST, to be conducted via Video Conferencing. The primary agenda item is the consideration and approval of issuing equity shares on a preferential basis to certain promoters for an aggregate consideration not exceeding ₹75.00 Crore. This move is subject to shareholder approval and compliance with various SEBI regulations, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The notice of the EGM has been uploaded to the company's website and submitted to the stock exchanges.
Key Highlights
- EGM scheduled for September 10, 2026, via VC/OAVM.
- Purpose: Preferential issuance of equity shares to promoters.
- Aggregate consideration not to exceed ₹75.00 Crore.
- Requires shareholder approval as a Special Resolution.
- Compliant with SEBI ICDR Regulations and other applicable laws.
Price Impact
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