TD Power Systems Limited 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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TD Power Systems promoter group (including Hitoshi Matsuo, Nikhil Kumar, Mohib NKhericha, Sapphire Finman Services LLP, and others) collectively hold 4,19,78,661 shares representing 26.87% of the company's equity. The disclosure specifically declares that none of these shares have been encumbered (pledged) directly or indirectly during the financial year 2025-26. This is an annual regulatory filing confirming the pledge-free status of promoter holdings.
The absence of any encumbrance on promoter shares is a positive signal for shareholders, indicating that the promoters' holdings are not leveraged against loans, reducing risk of forced sale or share dilution.