T T Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
T T Limited was fined by both BSE and NSE for non-compliance with SEBI Listing Regulation 17(1A), which relates to the appointment or continuation of non-executive directors aged 75 years or older. The non-compliance arose when founder and promoter Shri Rikhab Chand Jain's designation was changed from Executive Director cum Chairman to Non-Executive Director cum Chairman. The fine was Rs. 2,000 per day for the quarter ended June 2025, totalling Rs. 2,14,760 from BSE and Rs. 2,14,760 from NSE (combined Rs. 4,29,520 plus GST). The company has already paid the fine and obtained shareholder approval through a special resolution on September 24, 2025, and has also applied for a waiver of the fine.
This is a minor regulatory penalty with no material impact on the company's financials or operations, as confirmed by the company. The issue has been rectified through shareholder approval, and a waiver application has been submitted. Shareholders are unlikely to see any meaningful effect on the stock price from this disclosure.