Tantalus Systems Holding Inc.
Tantalus Systems Holding Inc. (TSX: GRID) is trading at CA$4.70, about ₹320 at today's CAD/INR rate, as of 28 Sep 2026, 4:00 PM ET, up 4.44% today. Indian residents can buy Tantalus Systems from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$4.44
Today's high
CA$4.72
52 week low
CA$3.34
52 week high
CA$6.64
GRID opened at CA$4.51, closed previously at CA$4.50, and has traded between CA$3.34 and CA$6.64 over the past 52 weeks.
About
Tantalus Systems Holding Inc., headquartered in Burnaby, Canada, is a prominent smart grid technology provider serving utilities across North America and the Caribbean Basin. The company delivers an extensive portfolio of solutions designed to enhance the reliability, efficiency, and intelligence of electrical distribution grids. Its core offerings include TRUEdge Communication Modules, a Linux-based platform seamlessly integrating with various networked devices like meters, sensors, and switches, facilitating secure, real-time bidirectional data exchange across the utility's infrastructure. Complementing this are Tantalus Utility Network (TUNet) Infrastructure Devices, which collect near real-time operational data and control endpoints to significantly improve grid stability and performance. Tantalus also provides the TRUSense Fiber Gateway for fiber-to-the-home connectivity. On the software front, Tantalus offers TCC, a robust system for accumulating and processing near real-time data transmitted from the TUNet communications network. The TUNet Insight digital user interface serves as a comprehensive visualization tool, empowering utilities to monitor and manage their TUNet system. This interface supports a suite of critical utility applications, including advanced metering infrastructure (AMI), load management, distributed energy resource (DER) integration, grid optimization, and distribution automation. Further enhancing its software capabilities, C.IQ is a platform ensuring interoperability across a wide array of devices, while TRULight Intelligence provides advanced lighting control solutions. Beyond its product suite, Tantalus provides a full spectrum of professional services. These encompass program and project planning, radio frequency propagation and network systems design, system optimization, deployment assistance, third-party software and systems integration, and project management. The company also offers field maintenance, storm restoration, consulting, and training. Additionally, Tantalus delivers comprehensive project management services, including turnkey installations of meters and network infrastructure through strategic partnerships, along with managed services for monitoring TCC and network communications, issuing alerts, and planning disaster recovery. Dedicated technical support services round out their offerings.
Key statistics
Avg. volume
159.31K
Market cap
CA$264.53M
P/E Ratio
-240.41
Price-to-sales ratio
3.15
Enterprise value
$169.07M
Free cash flow yield
0.49%
Debt-to-equity ratio
0.51
Return on equity
-5.42%
ROIC
0.57%
Beta
0.39
Dividend yield
0.00%
Last dividend
CA$0.00
Financial overview
Revenue
$55.06M
Earnings per share
-$0.02
Free cash flow
$4.03M
Net profit margin
-1.37%
Gross margin
52.39%
EBITDA
$2.21M
Revenue growth
24.26%
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This is not an investment recommendation
How to buy Tantalus Systems from India
Indian residents can buy Tantalus Systems shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Tantalus Systems and place an order
Find Tantalus Systems by name or by its ticker, GRID, and choose an order type. Tantalus Systems trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Tantalus Systems position in CAD and INR. Tantalus Systems pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Tantalus Systems from India
Trading and taxes when buying Tantalus Systems from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneTantalus Systems does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Tantalus Systems stock?
Yes. Tantalus Systems (GRID) has been listed on the Toronto Stock Exchange since 2021, in the Electrical Equipment & Parts industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Tantalus Systems share cost in rupees?
One Tantalus Systems share is CA$4.70 — about ₹320 at a CAD/INR rate of 68.04 on 27 Sep 2026. Both the Tantalus Systems price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Tantalus Systems from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Tantalus Systems shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Tantalus Systems price. Paasa issues a capital-gains statement for your return.
Does Tantalus Systems pay a dividend?
No. Tantalus Systems does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Tantalus Systems from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Tantalus Systems shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Tantalus Systems holding, its cost and its closing value.
How do I sell Tantalus Systems and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Tantalus Systems?
Yes. Tantalus Systems is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.