TTI Enterprise Limited has received a No Objection Certificate (NOC) from BSE Limited, approving the reclassification of four of its promoters under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, signed by Executive Director Hemant Agarwal, was communicated to both BSE Limited and the Calcutta Stock Exchange Limited on May 13, 2026, in continuation of the company's reclassification application originally filed on February 16, 2026.

Promoters Approved for Reclassification

BSE's No Objection Letter, referenced as LIST/COMP/SJ/062/2026-27 and dated May 13, 2026, formally grants no-objection for the reclassification request submitted by TTI Enterprise. The following four individuals have been approved for reclassification from the promoter category:

BSE has directed TTI Enterprise to ensure compliance with all subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

BSE Advisory Letter for Disclosure Delay

Alongside the NOC, BSE also issued a separate advisory letter to TTI Enterprise, referenced as LIST/COMP/SJ/063/2026-27 and dated May 13, 2026 (Case ID: 259551). The advisory pertains to a procedural lapse observed in the company's compliance timeline.

As per Regulation 31A(8)(a) of SEBI (LODR) Regulations, 2015, upon receipt of a reclassification request from promoters, the listed entity is required to submit the relevant disclosure to the stock exchanges within 24 hours of the occurrence of the event. BSE observed that TTI Enterprise submitted the disclosure on February 09, 2026, whereas it was required to be submitted on February 08, 2026.

BSE noted that the non-compliance is viewed seriously and advised the company to exercise due diligence and initiate corrective steps to avoid recurrence of such lapses. The exchange further cautioned that any future aberration will be viewed seriously and appropriate action would be initiated.

Compliance Obligations Going Forward

With the NOC now in place, TTI Enterprise is required to adhere to all ongoing disclosure and compliance obligations under Regulation 31A of SEBI (LODR) Regulations, 2015, as it proceeds with the formal reclassification process. The company has been put on notice to maintain strict adherence to prescribed timelines for all future regulatory filings.

TTI Enterprise Limited has formally received a resignation letter from its Executive Director Mr. Valath Sreenivasan Ranganathan, marking the conclusion of a directorship that had already been legally vacated due to statutory disqualification. The company informed BSE Limited and Calcutta Stock Exchange Limited about this development on 01st May, 2026.

Director Resignation Details

The resignation communication was received by the company via email on 30th April, 2026, though the resignation letter itself was dated 28th April, 2026. Mr. Ranganathan holds Director Identification Number (DIN) 02786224 and served as an Executive Director of the company.

Previous Disqualification Disclosure

The company had earlier informed stock exchanges on 03rd December, 2025 regarding Mr. Ranganathan's disqualification under Section 164 of the Companies Act, 2013 and the consequent vacation of his office pursuant to Section 167(1)(a) of the Companies Act, 2013. The current resignation submission serves as a formal conclusion to his directorship for completeness, transparency and record purposes.

Resignation Circumstances

In his resignation letter, Mr. Ranganathan stated that due to his current circumstances, he was unable to discharge his duties and responsibilities as a Director of the company. He confirmed that there were no other material reasons for his resignation beyond those stated. The resignation letter was submitted from District Jail Viyyur, Thrissur, Kerala, indicating his current location.

Regulatory Compliance

TTI Enterprise Limited has committed to completing all necessary statutory records and filings with the Registrar of Companies, including Form DIR-12 or other applicable e-forms as required under the Companies Act, 2013 and rules made thereunder, within prescribed timelines. The company provided comprehensive disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

TTI Enterprise Limited is incorporated with CIN L67120WB1981PLC033771 and maintains its registered office at 28/B, Eden Hospital Road, Yogayog Bhawan, Kolkata, West Bengal, India, 700012. The company's shares are listed on BSE Limited with scrip code 538597 and Calcutta Stock Exchange Limited with scrip code 030137.