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Saphire Finman Services LLP, a promoter group entity of TD Power Systems Limited, sold 33 lakh equity shares (2.11% of the company's share capital) in the open market. Along with share sales by Nikhil Kumar (4.5 lakh shares) and Hitoshi Matsuo (2.1 lakh shares), a total of 49.5 lakh shares (around 5.34% of voting capital) were sold on May 22, 2025. Post-sale, Saphire Finman Services LLP holds 2.07 crore shares (13.23%), Nikhil Kumar holds 1.30 crore shares (8.3%), and other promoter individuals' holdings remained unchanged. This significant promoter group selling may be a signal for investors to monitor promoter confidence and share supply closely.