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TD Power Systems seeks shareholder approval for potential equity share issuance
11-Aug-2026, 08:54
TD Power Systems Limited will seek shareholder approval and regulatory clearances to raise funds in one or more tranches through the issuance of equity shares and/or other eligible securities, including a further public offer, debt, preferential allotment, rights issue, American depository receipts, global depository receipts, private placement, qualified institutions placement, or any other permissible method, according to a regulatory filing on August 11, 2026. The company’s board of directors will consider the proposal at a meeting scheduled for August 14, 2026, and the trading window for company shares will be closed for 48 hours following the public disclosure of the meeting’s outcome.
TD Power Systems Limited will seek shareholder approval and regulatory clearances to raise funds in one or more tranches through the issuance of equity shares and/or other eligible securities, including a further public offer, debt, preferential allotment, rights issue, American depository receipts, global depository receipts, private placement, qualified institutions placement, or any other permissible method, according to a regulatory filing on August 11, 2026. The company’s board of directors will consider the proposal at a meeting scheduled for August 14, 2026, and the trading window for company shares will be closed for 48 hours following the public disclosure of the meeting’s outcome.