TD Power Systems Limited has informed the Exchange about Allotment of Equity Shares under TDPSL Equity Based Compensation Plan 2019

TDPOWERSYS · price

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AI summary

TD Power Systems Limited has allotted 13,600 equity shares of Rs. 2 each to employees who exercised their stock appreciation rights (ESAR) under the TDPSL Equity Based Compensation Plan 2019. The shares were allotted at par value with no premium. This has increased the company's paid-up share capital from Rs. 31,24,29,660 to Rs. 31,24,56,860. The total issued share capital now stands at 15,62,28,430 equity shares of Rs. 2 each. The company has explicitly stated that this allotment is not material in nature. All newly allotted shares rank pari-passu with existing equity shares and are not subject to any lock-in.

Likely market impact

The dilution from this issuance is negligible at 0.087% and should have minimal impact on the stock price. This is a routine corporate action related to employee compensation.