Notice of the 44th AGM will be held on Thursday, 25th September 2025 at 12.30 PM through ("VC/OAVM") along with Annual Report for the FY 2024-25
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TTI Enterprise Ltd has called its 44th AGM for Thursday, 25 September 2025 at 12:30 PM via video conferencing, along with the Annual Report for FY 2024-25. The agenda includes adopting the audited FY 2024-25 financial statements, reappointing Executive Director Valath Sreenivasan Ranganathan who retires by rotation, and appointing M/s. Prity Bishwakarma & Co. as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Shareholders will also vote to regularise two newly appointed Independent Directors: Mr. Hitenkumar Jayantilal Prajapati (appointed 11 June 2025) and Mr. Chirag R Shah (appointed 29 August 2025). Two resolutions seek approval to raise managerial remuneration caps: up to Rs. 20 lakh per annum for Managing Director Mr. Sabu Thomas and up to Rs. 30 lakh per annum for Executive Director Mr. Valath Sreenivasan Ranganathan. Additionally, two related-party transaction approvals of up to Rs. 1 crore each with Melker Premium LLP and Ujjam Estates LLP for FY 2025-26 (at arm's length and in the ordinary course of business) are on the agenda. Remote e-voting via NSDL runs from 22 September (9:00 AM) to 24 September (5:00 PM).
This is a routine AGM notice but contains several governance items worth investor attention, notably the proposed pay hikes for the MD and Executive Director and the pre-approved related-party deals of Rs. 1 crore each with two LLPs. The filing also reveals significant board churn during the year (two Independent Director resignations, a CFO change, and a Company Secretary change), which may raise governance questions for retail shareholders.