TD Power Systems board approves promoter preferential issue and ₹600 crore QIP
TD Power Systems · Electrical Equipment
Key highlights
- Board approved preferential issue of up to 12,50,000 shares at ₹600 each (post-split, face value ₹1) to promoters Nikhil Kumar and Mohib Nomanbhai Khericha, subject to shareholder approval
- Board approved QIP of up to ₹600 crore in equity shares or other securities, in one or more tranches, subject to shareholder and regulatory approvals
- EGM on September 10, 2026 via video conferencing; cut-off date for electronic voting is September 3, 2026
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting - Fund Raising
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from TD Power Systems
- Fundraise / allotmentNotableTD Power Systems allots 77,41,935 equity shares via QIP at ₹775 each
- Fundraise / allotmentNotableTD Power Systems approves QIP issue of equity shares at floor price ₹775.35
- Fundraise / allotmentNotableTD Power Systems proposes ₹75 crore promoter preferential issue and up to ₹600 crore QIP
- Fundraise / allotmentNotableTD Power Systems approves preferential issue and QIP fund raising plans
- Capex / expansionNotableTD Power Q4 FY26 call: FY27 revenue guidance ₹2,400+ crore, large generator capex plan
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.