Intimation of Resignation of Independet Directors of the Company
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Awaiting price reaction for this filing.
TTI Enterprise Ltd has informed the stock exchanges that two of its Independent Directors, Mr. Hitenkumar Jayantilal Prajapati (DIN: 10002315) and Mr. Chirag R Shah (DIN: 08174425), have resigned from the Board with effect from 15th February 2026. Both cited personal and professional reasons and confirmed there are no other material reasons for stepping down. The company stated it will inform exchanges once new Independent Directors are appointed. The intimation was filed under SEBI LODR Regulation 30 read with Schedule III on 9th February 2026.
Simultaneous resignation of two Independent Directors raises governance concerns, as SEBI mandates a minimum number of independent directors on listed company boards. The stock may see mild negative sentiment until replacements are announced, though no material reasons were cited by the departing directors.