Date: October 07, 2026
Board Meeting Outcomes
The Fund Raising Committee of the Board (FRC) met on October 07, 2026, and approved the following decisions regarding the Qualified Institutions Placement (QIP):
- Authorized the opening of the QIP Issue on October 07, 2026
- Approved the floor price for the Issue at ₹775.35 per Equity Share of face value ₹1 each, calculated as per SEBI ICDR Regulations pricing formula
- Approved and adopted the Preliminary Placement Document dated October 07, 2026, and the draft application form for the QIP
- Fixed October 07, 2026 as the 'relevant date' for the purpose of the Issue in terms of Regulation 171(b)(i) of the SEBI ICDR Regulations
Fundraising Details
The QIP is being conducted under:
- Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations)
- Sections 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013, including rules made thereunder
Authorization Background
The QIP was previously approved by:
- The board of directors at its meeting held on August 14, 2026
- Shareholders through a special resolution passed at the extra-ordinary general meeting held on September 10, 2026
Pricing Details
- Floor Price: ₹775.35 per Equity Share
- Maximum permissible discount: Not more than 5% on the Floor Price (as approved by shareholders)
- Final Issue Price: To be determined by the Company in consultation with the lead manager
Meeting Details
- Meeting commenced at: 6:30 P.M (IST)
- Meeting concluded at: 6:45 P.M (IST)
Additional Information
- The trading window for dealing in the Company's securities remains closed until 48 hours after the conclusion of the Board Meeting for unaudited financial results for the period ended September 30, 2026
- The Preliminary Placement Document dated October 07, 2026, is available on the Company's website at www.tdps.co.in