T T Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2024.
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T T Limited has informed the stock exchange about the outcome of its board meeting held on August 14, 2024, wherein two new directors were appointed. Shri Brijmohan Sharma (61), a retired Executive Director of Canara Bank with 40 years of experience in banking and financial services, was appointed as an Additional Independent Director. Shri Hardik Jain (22), a Finance and Marketing graduate from the University of Melbourne, was appointed as an Additional Non-Executive Non-Independent Director. Notably, Hardik Jain is the son of the company's Joint Managing Director and Managing Director, and the grandson of the Chairman, indicating a third-generation family member joining the board.
The appointment brings experienced banking expertise to the board through the independent director, while Hardik Jain's induction signals succession planning within the promoter Jain family, which may be viewed positively by long-term investors but is worth monitoring for governance balance. The filing appears delayed (June 2025) relative to the August 2024 effective date.