Alteration of Memorandum of Association
TDPOWERSYS · price
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On the reaction day the stock moved 10.8 pts more than Nifty Microcap 250 and 11.4 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TD Power Systems reported strong FY2026 standalone results with revenue growing 35.7% to Rs 1,71,666.38 Lakhs from Rs 1,26,539.62 Lakhs in FY25. Profit after tax increased 40.8% to Rs 21,644.35 Lakhs from Rs 15,371.00 Lakhs. Q4 FY26 revenue stood at Rs 53,426.62 Lakhs with PAT of Rs 6,274.20 Lakhs. The Board approved a stock split (1 share of Rs 2 to 2 shares of Rs 1) to enhance affordability and liquidity for small investors, subject to shareholder approval. It also recommended a final dividend of Rs 1.10 per share and approved alteration of the Capital Clause (Clause V) of MOA. Varma & Varma gave an unmodified opinion on both standalone and consolidated audits. However, an Emphasis of Matter was raised regarding a subsidiary's ability to continue as a going concern, though management stated it is not material to the Group.
The company delivered robust double-digit growth in both revenue and profitability for FY2026. The stock split aims to improve retail participation and liquidity. The auditor's emphasis on a subsidiary's going concern raises a flag but appears immaterial to group-level financials.