Outcome of the board meeting for the change in managment of the company held on 25th February, 20263
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At a board meeting on 25 February 2026, TTL Enterprises announced a full top-management change effective the next day. Mr. Vasantkumar Shankarlal Rajgor resigned as Managing Director and Mr. Brijeshkumar Vasantlal Rajgor resigned as Executive Director and CFO, both citing personal reasons and other commitments. Mr. Lalaram (DIN 11567944) was appointed as the new Managing Director and CFO for a five-year term running until 24 February 2031. The new appointee has 15+ years of experience in the agro-business sector, holds no shares in the company, and has no other directorships. The two outgoing directors share the same surname and address in Patan, Gujarat, and both also serve on Rajgor Castor Derivatives Limited, pointing to a family-level exit from the board.
A simultaneous exit of both the Managing Director and the CFO, both apparently from the same promoter-related family, and replacement by a single external person handling both roles, is a significant governance change. Retail investors should monitor future filings for any clarification on the reasons behind this sudden departure and watch how the new dual-role MD/CFO performs in the coming quarters.