Notice of Postal Ballot Notice
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Awaiting price reaction for this filing.
TTI Enterprise Ltd, a Kolkata-based NBFC, has issued a Postal Ballot Notice seeking shareholder approval for two items: (1) regularising Mr. Hemant Agarwal (DIN: 11363521) as Executive Director, and (2) fixing his remuneration at not exceeding Rs. 6,00,000 per annum (Rs. 6 lakh), effective from 4 November 2025. Mr. Agarwal was initially appointed as Additional Director on 4 November 2025 and holds B.Com and CS qualifications with experience in corporate laws, listing regulations and accounts. The remote e-voting window runs from 8 December 2025 to 6 January 2026, with NSDL as the e-voting agency. The company disclosed its financials: FY25 net worth of Rs. 27.68 crore and profit after tax of Rs. 91 lakh (up from Rs. 22.6 lakh in FY24), and cited high NPAs, regulatory changes and borrowing costs as reasons for inadequate profits.
This is a routine governance and compliance action with minimal financial significance — the proposed director remuneration of Rs. 6 lakh per annum is small relative to the company's net worth of Rs. 27.68 crore. Shareholders should mainly check that the director's appointment aligns with their interests, but no material impact on stock price is expected.