TD Power Systems: Dividend, Split Plan and Dates 2026

Share price in focus after board updates

TD Power Systems Ltd has been on market watch through 2026 after a series of board disclosures around results, dividend, and a proposed stock split. On BSE, the stock was seen at ₹1,268, up ₹31.95 at 02:56 PM in the data shared. Another disclosed reference point puts the current share price at ₹1,261.9. The company’s market capitalisation, as calculated on the latest share price, was stated at ₹19,714.4655817 crore.

The attention has been driven less by a single announcement and more by a cluster of corporate actions and meeting schedules. These include a board meeting to consider audited results and a dividend, the record date for the annual general meeting (AGM) and final dividend eligibility, and the subsequent approval of results in August.

What the May 14, 2026 board meeting covered

TD Power Systems informed the exchanges that its board meeting was scheduled for May 14, 2026. The primary agenda was to review and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. Alongside the earnings review, the board was also set to consider recommending a dividend for the financial year ended March 31, 2026.

The same meeting agenda also included a proposal to alter the share capital structure via a sub-division or split of existing equity shares. The proposal described a split of shares with a face value of ₹2 each, subject to shareholder approval and required regulatory clearances. This combination of outcomes made the May 14 meeting a key event on the company’s 2026 calendar.

Final dividend recommendation for FY2025-26

Based on the company’s announcement, the Board of Directors recommended a final dividend of ₹1.10 per equity share of face value ₹2 for the financial year ended March 31, 2026. The company stated that the dividend, if approved by shareholders, would be paid within 30 days of the upcoming AGM.

For investors, the practical takeaway is that the dividend recommendation remained subject to shareholder approval. The timeline also links the dividend process directly to the AGM schedule and the company’s record date for determining eligibility.

Stock split plan: ₹2 face value to ₹1

TD Power Systems also disclosed that the board approved a stock split, dividing each equity share of ₹2 face value into two equity shares of ₹1 face value. As stated, this corporate action was pending shareholder approval.

The company’s earlier intimation for the May 14 meeting had already flagged this as a proposal to sub-divide or split existing equity shares, subject to approvals. Investors typically track such actions closely because they change the number of shares outstanding while keeping the overall ownership proportion intact, subject to final implementation and trading adjustments.

Key dates: record date and AGM schedule

TD Power Systems fixed August 05, 2026 as the record date to determine eligibility for the 27th AGM and the final dividend for FY2025-26. The AGM itself was scheduled for August 12, 2026 at 02:00 PM.

Separately, the company’s board approved results on August 11, 2026 and re-appointed Avanza Management Consulting as internal auditor. These steps indicate that the company continued to progress through statutory approvals and governance items as it headed into the AGM.

Trading window closure and compliance steps

For the May 14 board meeting cycle, TD Power Systems stated that the trading window for its equity shares would remain closed until May 16, 2026. The closure was communicated as part of regulatory compliance for designated persons and insiders, aligned with the expected declaration of results and related corporate announcements.

The company also disclosed a similar compliance framework earlier in the year. For the January 29, 2026 board meeting, it stated that the trading window was closed from January 1, 2026 until 48 hours after the results declaration.

Earlier meeting: Q3FY26 unaudited results on Jan 29, 2026

TD Power Systems scheduled a board meeting for January 29, 2026 to consider unaudited financial results for Q3FY26 and the nine months ended December 31, 2025. The disclosure cited compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 29. The company also said it formally notified both BSE and NSE of the meeting.

These periodic result-review meetings are standard for listed companies, but they became more notable in 2026 because the later May meeting added a dividend consideration and share capital alteration proposal.

Shareholding data points (Jun 2025 to Jun 2026)

The shareholding table provided shows several institutional names and their percentage holdings across quarters from Jun 2025 to Jun 2026. In Jun 2026, the line item “investors” is shown at 73.13%. Other listed holders in Jun 2026 include Nippon Life India Trustee at 6.50%, Oxbow Master Fund Limited at 2.95%, HSBC Mutual Fund at 3.72, and Goldman Sachs Funds at 2.01, among others.

The dataset also included “Holding Value” figures, including ₹210.3286124 crore, ₹0 crore, and ₹397.7192316 crore (as of June 2026 in the shared text). The context for these specific holding values was not fully detailed in the provided extract, so they should be read strictly as reported values in the dataset.

Summary table: key disclosed facts

Market impact: price reaction around the May disclosure

The stock saw a sharp move around the May 2026 disclosures. As of May 07, 2026 at 9:53 AM, TD Power Systems was reported trading on NSE at ₹1,224.20, up 5.15% from the previous closing price. The company’s intimation that the board would consider audited results, a dividend, and a share split proposal on May 14 provided a clear near-term set of triggers for market participants.

The later price points shared in the dataset, including ₹1,268 on BSE and ₹1,261.9 as the “current share price,” show that the stock continued to remain actively tracked as subsequent corporate steps such as record date and AGM approached.

What to watch next

From the disclosed timeline, the immediate forward calendar item was the AGM scheduled for August 12, 2026. Since the dividend and the stock split were both tied to shareholder approval as stated, AGM outcomes and related filings are central to the next steps.

Investors also typically monitor exchange announcements for the effective date of any approved stock split and the dividend payment date, especially since the company has already specified a record date of August 05, 2026 for AGM and final dividend eligibility.

Conclusion

TD Power Systems’ 2026 updates revolved around three connected items: audited FY2025-26 results review, a final dividend recommendation of ₹1.10 per share, and a proposed stock split from ₹2 to ₹1 face value. With the record date set for August 05, 2026 and the AGM scheduled on August 12, 2026, the remaining actions depend on shareholder approval and subsequent exchange disclosures on implementation timelines.