Intimation of receipt of warning letter under Regulation 42 (e) of SEBI (LODR) Regulations, 2015 along with the reason for delay submission
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TTI Enterprise Ltd received a warning letter from BSE Limited dated August 22, 2025 under Regulation 42(e) of SEBI (LODR) Regulations, 2015. The reason was the company's failure to appoint a qualified company secretary as mandated under Regulation 6(1) of SEBI (LODR) Regulations. Additionally, the company had filed incorrect details of the Compliance Officer in its Reconciliation of Share Capital Audit Report, which led to a fine being levied. The company also delayed disclosing this matter to the stock exchange, attributing it to internal oversight rather than any mala fide intent. BSE has advised the company to be careful going forward and warned that future lapses could attract suitable disciplinary action.
While the company states there is no financial or operational impact, this warning highlights weaknesses in corporate governance (missing a qualified company secretary) and delays in regulatory disclosures, which may concern investors about the company's compliance standards.