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TTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
T T Limited has been fined by BSE and NSE for not complying with SEBI's Listing Regulation 17(1A), which deals with rules around non-executive directors aged 75 years or older. The issue arose because the company's founder, Shri Rikhab Chand Jain, was re-designated from Executive Chairman to Non-Executive Chairman on March 31, 2025, which triggered the non-compliance. The fine amounts to Rs. 2,000 per day, totalling Rs. 2,14,760 from BSE and a matching Rs. 2,14,760 from NSE for the quarter ended June 2025. The company has stated there was no wilful intent and is filing a waiver application. It plans to address and rectify the non-compliance at the upcoming Annual General Meeting scheduled for September 24, 2025.
The fine is small in financial terms (under Rs. 5 lakh total) and the company confirms no material impact on financials or operations. The stock is unlikely to be materially affected, though the governance lapse may be noted by investors.