TTL Enterprises Limited Board of Directors approved the reclassification of Ardent Ventures LLP from the Promoter category to the Public category on August 25, 2026. The decision follows a request letter dated August 19, 2026.

The approval is subject to the consent of the Stock Exchange in terms of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the scheduled meeting on August 20, 2026, pursuant to Regulation 29 of the same regulations.

The filing indicates that Ardent Ventures LLP currently holds 0 shares, representing 0% of the total shareholding. Lalaram, Managing Director of TTL Enterprises Limited, signed the disclosure confirming the outcome of the meeting held at the company’s registered office in Ahmedabad, Gujarat.

TTL Enterprises has received a formal request from Ardent Ventures LLP to be reclassified from the "Promoter / Promoter Group" category to the "Public" category. The request, dated August 19, 2026, cites the complete disposal of Ardent’s stake in the company and invokes Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ardent Ventures previously held 19,600 equity shares, which constituted 28.16% of the total share capital of TTL Enterprises. The entity confirmed that it has sold this entire holding and does not intend to acquire or hold any shares in the future. The sale was disclosed in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Reclassification Undertakings

In its letter to the Board of Directors, Ardent Ventures provided several undertakings to support the reclassification process:

• It holds no shares or voting rights in TTL Enterprises and desires no future holdings.
• It exercises no control over the company’s affairs.
• It enjoys no special rights through formal or informal arrangements or shareholder agreements.
• None of its partners, associates, or their relatives serve as directors or key managerial personnel at TTL Enterprises.
• It is not a wilful defaulter under RBI guidelines nor a fugitive economic offender.
• It will comply with conditions prescribed under Regulation 31A(4) of the SEBI (LODR) Regulations, 2015.

TTL Enterprises informed the BSE Limited on August 20, 2026, that it had received this request. The company is expected to initiate the necessary board procedures to effect the change in shareholding category.