Annual Secretarial Compliance Report for the year ended March, 2026.
TTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
T T Ltd's annual secretarial compliance report for FY2026, issued by Practicing Company Secretary Deepak Kukreja & Associates, reveals two regulatory non-compliances. First, the company re-designated Shri Rikhab Chand Jain (who had attained 75 years of age) from Executive Director & Chairman to Non-Executive Director & Chairman on 01.04.2025 without prior shareholder approval, resulting in a fine of Rs. 2,14,760 each from NSE and BSE. This was later rectified when shareholders approved his continuation at the AGM on 24.09.2025. Second, the Audit Committee composition was non-compliant from 21.05.2025 to 06.08.2025, falling short of the two-thirds independent director requirement, with the company subsequently inducting an additional Independent Director from 07.08.2025. The report also notes a prior non-compliance from 2022 (board composition due to demise of an Independent Director) where fines of Rs. 1,41,600 each from NSE and BSE, paid on 02.12.2024, remain under a waiver request (rejected by NSE on 25.03.2026). All other areas including secretarial standards, insider trading, and related party transactions showed compliance.
The company has remedied both violations by obtaining shareholder approval and reconstituting the audit committee. While fines were paid, the non-compliances were unintentional and corrected promptly. This report does not indicate any material financial risk but highlights governance gaps requiring investor attention.