Intimation for Appointment of Independent Directors of the Company
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Awaiting price reaction for this filing.
TTI Enterprise's board approved its Q3 FY26 unaudited results showing total income of about ₹21,206 lakhs for the nine months ended December 2025, with virtually zero revenue from operations and a tiny profit after tax — the company remains essentially an investment and loan entity. The CFO, Mr. Nikhil Kombath, resigned effective 3 February 2026 citing personal family reasons, while two independent directors, Mr. Hitenkumar Prajapati and Mr. Chirag Shah, also stepped down effective 15 February 2026. To fill the gaps, Mr. Kushal Agrawal and Mr. Shashank Suhalka were appointed as new independent directors for five-year terms. The board also cleared reclassification of several promoter-group entities (mostly with zero holdings) into the public category, shifted its registered office within Kolkata, and proposed a major amendment to the main objects of its MOA to enter retail, food products, food processing, and jewellery businesses.
Shareholders should watch this as a potential strategic pivot from a dormant investment company into active retail, food, and jewellery businesses, which could change the company's risk profile significantly. The simultaneous exit of the CFO and two independent directors — quickly replaced by new appointees — signals board-level churn that needs monitoring, though it appears orderly.