The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sagir Mohib Khericha & Others
TDPOWERSYS · price
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Promoter group members of TD Power Systems Ltd, led by Sagir Mohib Khericha and Saphire Finman Services LLP, filed a disclosure for an indirect acquisition due to a change in the internal profit-sharing ratio of the promoter LLP entity. Two partners, Foziyah Akil Contractor and Akil Abbas Contractor, exited (reduced to 0%), while Sagir Mohib Khericha's share rose from 0% to 22.22% and other partners adjusted their ratios. Despite the filing being for 'indirect acquisition,' the total promoter group holding in TD Power Systems remains unchanged at 26.88% both before and after, and the company itself confirms there is no change in promoter holding or control. The share/voting capital of TD Power Systems stood at Rs. 31.23 crore (15.61 crore equity shares of Rs. 2 each) as of August 29, 2025.
This is largely a procedural disclosure triggered by an internal reshuffle within the promoter LLP and has no material impact on the company's ownership, control, or public shareholders. Investors need not worry about any change in promoter stake or direction of the company.