Ahead of AGM, InGovern red-flags governance concerns at TD Power Systems

InGovern Research, a voting advisory firm, has red-flagged governance concerns at TD Power Systems, an electrical equipment maker, ahead of its annual general meeting (AGM) to be held on Wednesday.

InGovern has recommended shareholders seek more explanation from the Bengaluru-based company over the ongoing ownership dispute between the promoter group and Vijay Kirloskar, who set up the company in 1999.