Intimation under Regulation 30 of SEBI(LODR) Regulations, 2015
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TTI Enterprise has informed stock exchanges about a petition filed before the NCLT Kolkata Bench by M/s. Realearth Ecofarms India Private Limited against a shareholder (Mr. Valath Sreenivasan Ranganathan) and the company itself. The petition seeks registration of transfer of 35,00,000 equity shares (face value Rs. 10 each) pursuant to a Share Surrender Agreement dated March 20, 2025. The matter is essentially a dispute over whether the company should record the share transfer in its register. The company has stated there is no violation or contravention and no financial, operational, or other impact. It has committed to keeping exchanges updated on further developments.
This is a procedural disclosure and the company itself states there is no financial or operational impact. The pending NCLT petition could create uncertainty around ownership of 35 lakh shares, but is unlikely to materially affect the stock unless the tribunal rules adversely. Retail investors should monitor updates but no immediate price action is expected.