Intimation for Disqualification of Mr. Valath Sreenivasan Ranganathan from the office of Director pursuant to his incurring disqualification
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TTI Enterprise Ltd informed the exchanges that its Board has confirmed the disqualification of Mr. Valath Sreenivasan Ranganathan (DIN: 02786224) from the office of Director under Section 167 read with Section 164 of the Companies Act, 2013, and his directorship stands vacated with immediate effect from 3rd December 2025. The disqualified director holds 37,92,684 equity shares in the company as per the last shareholding pattern. In the same board meeting, the company also approved voluntary delisting from the Calcutta Stock Exchange (shares will remain listed on BSE), shifting of its registered office within Kolkata, and a postal ballot to regularise and fix the remuneration of Mr. Hemant Agarwal as Executive Director. A scrutinizer was appointed for the postal ballot process.
This is a negative governance signal — a director has been disqualified under the Companies Act, which may raise concerns about board compliance standards. For shareholders, his exit removes a dissenting or non-compliant voice from the board, but the disqualification itself could dent investor confidence and attract regulatory scrutiny.