Saphire Finman Services LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Saphire Finman Services LLP, a promoter of TD Power Systems Limited, has submitted a disclosure confirming that as of March 31, 2026, the promoter group holds 4,19,78,661 equity shares representing 26.87% of the total share capital. The disclosure specifically declares that none of these equity shares have been encumbered (pledged), either directly or indirectly, during the financial year 2025-26. The promoter group includes entities such as Hitoshi Matsuo (5.08%), Nikhil Kumar (8.30%), Saphire Finman Services LLP (13.22%), and other associates.
This is a positive disclosure for investors as it confirms that promoter shares are not pledged, reducing risk of potential forced selling. The promoter holding at 26.87% remains below the 50% threshold.