TTI Enterprise Limited has announced board-approved decisions regarding its stock exchange listing status and corporate governance changes. The company confirmed that it will proceed with a voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE) while retaining its listing on the Bombay Stock Exchange (BSE).
Delisting Decision
The voluntary delisting aligns with Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The company cited the following reasons for the decision:
- Minimal trading activity on CSE
- Reduction of administrative compliance requirements and related costs
Since the company will continue to remain listed on a nationwide stock exchange (BSE), no exit offer to shareholders is required under Regulation 6(1)(a).
Board-Level Changes
The board also approved the following governance updates:
- Disqualification of Director:
Mr. Valath Sreenivasan Ranganathan (DIN: 02786224) has been disqualified from the position of Director pursuant to Section 167 read with Section 164 of the Companies Act, 2013. His role has ceased with immediate effect.
- New Appointment Proposed:
The company has initiated the process to appoint Mr. Hemant Agarwal (DIN: 11363521) as Executive Director. His appointment and remuneration will be subject to shareholder approval via postal ballot.
Additional Resolutions
- The registered office will be relocated within Kolkata, effective December 3, 2025.
- A postal ballot notice has been approved to seek shareholder approval for governance and remuneration-related resolutions.
- Ms. Prity Bishwakarma, Practising Company Secretary and Proprietor of M/s. Prity Bishwakarma & Co., has been appointed as Scrutinizer for the postal ballot process.
Summary:
TTI Enterprise Limited will voluntarily delist from the Calcutta Stock Exchange while continuing its listing on BSE. The company has also announced a director disqualification, a proposed new executive appointment, a registered office shift within Kolkata, and supporting resolutions to be executed through a postal ballot.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.