board meeting outcome held on 25th february, 2026
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At a board meeting on 25 February 2026, TTL Enterprises Ltd approved the appointment of Mr. Lalaram (DIN: 11567944) as both Managing Director and Chief Financial Officer for a five-year term from 25 Feb 2026 to 24 Feb 2031. Mr. Lalaram has over 15 years of experience in agro-related businesses, holds zero shares in the company, and has no other listed-entity directorships. In the same meeting, sitting Managing Director Mr. Vasantkumar Shankarlal Rajgor and Executive Director-cum-CFO Mr. Brijeshkumar Vasantlal Rajgor both resigned effective close of business on 26 Feb 2026, citing personal commitments and other engagements. Both outgoing directors share a common address (Harij, Patan, Gujarat) and are also directors of Rajgor Castor Derivatives Limited. The changes result in one person occupying both the MD and CFO seats.
A near-complete top-level overhaul is occurring within a single day, with the outgoing MD and CFO appearing to be family-related (both Rajgors, same address) and being replaced by one newcomer holding both key posts. Combining MD and CFO roles in a single individual may raise governance concerns for shareholders, and investors should watch for further disclosures on whether this signals a shift in ownership or promoter control.