Outcome of Board Meeting held on Wednesday 03rd December, 2025 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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TTI Enterprise's board approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE), while keeping its listing on BSE intact. The company said trading volumes on CSE are negligible, and the move is meant to cut administrative costs and compliance burden. The board also confirmed the disqualification of director Mr. Valath Sreenivasan Ranganathan under Section 167/164 of the Companies Act, 2013, vacating his office with immediate effect; he holds 37,92,684 equity shares of the company. Additionally, a postal ballot notice was approved to regularise and fix the remuneration of Mr. Hemant Agarwal as Executive Director. The registered office has been shifted to a new address within Kolkata.
The CSE delisting is unlikely to affect liquidity since shares continue trading on BSE; existing shareholders don't get an exit offer because BSE listing remains. The disqualification and removal of a director holding nearly 37.9 lakh shares is a governance event worth tracking, though it appears procedural in nature.