TTK Healthcare Limited has informed the Exchange regarding 'Intimation of Death of Mr. T T Venkatesh, belonging to the Promoter and Promoter Group of the Company under Regulation 30 and 31A of the SEBI LODR Regulations 2015'.
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TTK Healthcare Limited has informed the stock exchange about the passing of Mr. T T Venkatesh, a member of the company's Promoter and Promoter Group. The disclosure has been made under Regulation 30 and Regulation 31A of the SEBI LODR Regulations 2015, which govern material events and reclassification of promoter status. No details on shareholding changes or succession of holdings have been provided in this intimation. The company may follow up with a request to reclassify the deceased's shares from the promoter category.
This is a routine procedural disclosure and is unlikely to materially affect the stock price in the short term. Shareholders should watch for a follow-up filing on reclassification of the promoter group's shareholding under Regulation 31A, which could slightly shift the promoter holding percentage.