BSETTI Enterprise LtdMediumNeutral
Announced Thu, 12 Feb · 19:59 IST

Extract of Board Meeting for Reclassification under Regulation 31A (10) of SEBI (LODR) Regulations, 2015

Ownership Changes View source PDF

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AI summary

TTI Enterprise Ltd's Board, at its meeting on 12th February 2026, approved the reclassification of 7 promoter/promoter group entities (3 individuals, 1 HUF, and 3 LLPs) from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A(10). All 7 outgoing promoters collectively hold zero equity shares, representing 0.00% of the company's paid-up capital. They confirmed they are not on the Board, not key managerial personnel, do not exercise control, and have no special rights or shareholder agreements. No shareholder approval is required since they hold no voting power. The company will now apply to BSE and CSE for their approval/No Objection.

Likely market impact

This is a purely procedural, housekeeping exercise — no actual change in ownership occurs since all outgoing promoters already held 0% shares. Shareholders should not expect any impact on stock price, promoter holding percentage, or control of the company. The move simply cleans up the shareholding pattern by removing 7 nominal promoter entries.