TTK Prestige Limited has informed the Exchange regarding 'Disclosure under Regulations 30, 31A(6)(a) and 31A(6)(c) of the SEBI (LODR) Regulations, 2015 [SEBI LODR] - Intimation of Transmission of shares of the Deceased Promoter in favour of the Legal Heirs '.
TTKPRESTIG · price
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TTK Prestige has informed the exchanges that equity shares held by two deceased promoters — Late T.T. Jagannathan (42,41,868 shares) and Late T.T. Venkatesh (31,70,432 shares) — have been transmitted to their legal heirs. The shares are being transferred within the promoter family to Mukund Thiruvallur Thattai, Tiruvallur Thattai Lakshman, and Sarayu Thiruvallur Thattai (a minor represented by her mother). As a result, Ms. Sarayu will now be classified as part of the Promoter Group, while the two deceased individuals will cease to be listed as Promoters. The total promoter shareholding in the company remains unchanged — only the names of the holders are being updated following the legal transmission process.
This is a routine procedural update with no change in the overall promoter ownership percentage or control of the company. The shares have simply moved from the deceased to their legal heirs within the promoter family, so there is no material impact on shareholders or the stock price.