Outcome of Board Meeting held on Friday 20th February, 2026
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TTI Enterprise Ltd's board met on 20th February 2026 and approved several major decisions. The company has decided to surrender its NBFC (Non-Banking Financial Company) license by applying to the Reserve Bank of India, effectively exiting the lending/finance business. The board also approved changes to its Memorandum of Association (MOA) and regularised two new Non-Executive Independent Directors — Mr. Kushal Agrawal and Mr. Shashank Suhalka. Mr. Ashish Goenka has been appointed as the new Chief Financial Officer, while Ms. Harshaben Tolaram Bhagwani has been appointed as Internal Auditor for FY 2025-26. A Postal Ballot notice will be sent to shareholders to seek their approval on these matters, including the ratification of the cessation of a director (Mr. Valath Sreenivasan Ranganathan) due to disqualification.
Exiting the NBFC business and surrendering the RBI license signals a strategic shift away from financial services, which may reshape the company's business model and future revenue mix. The leadership changes (new CFO, new directors, and cessation of a disqualified director) indicate active governance restructuring, which shareholders should monitor closely via the upcoming postal ballot.