TTL Enterprises Limited reported a net profit of ₹2.16 lakh for the quarter ended September 30, 2026, marking a 70.7% decline from ₹7.37 lakh in the corresponding period last year.

Revenue from operations contracted sharply by 90.5% year-on-year to ₹41.77 lakh, down from ₹440.42 lakh in Q2FY26. The significant drop in top-line performance drove the reduction in profitability, despite lower absolute expenses compared to the previous year's quarter.

Financial Performance Overview

The company, formerly known as Trupti Twisters Limited, saw its total revenue (including other income) stand at ₹41.89 lakh for the quarter under review. This represents a substantial contraction against the ₹440.42 lakh recorded in the same quarter of the previous fiscal year. The half-year figures for FY27 also reflect this trend, with revenue dropping to ₹81.28 lakh from ₹547.77 lakh in H1FY26.

Balance Sheet and Cash Flow Signals

The balance sheet as of September 30, 2026, shows a significant reduction in trade receivables, which fell to ₹76.82 lakh from ₹636.26 lakh as of March 31, 2026. Concurrently, cash and cash equivalents increased to ₹12.99 lakh, up from ₹0.26 lakh at the start of the fiscal year. The cash flow statement indicates that the increase in cash was primarily driven by the collection of receivables and repayment of payables, with net cash from operating activities standing at ₹10.73 lakh for the six-month period.

What the Numbers Show

A notable divergence exists between the sharp decline in revenue and the relatively stable employee benefit expenses, which rose to ₹1.35 lakh in Q2FY27 from ₹0.66 lakh in Q2FY26. While revenue dropped over 90%, employee costs more than doubled, suggesting that fixed operational costs are becoming a larger proportion of the shrinking revenue base. Additionally, the auditor’s report includes an emphasis of matter regarding pending verification of trade receivables and payables, indicating that these balances have not yet been fully reconciled with external confirmations.

The board meeting approving these unaudited results was held on October 14, 2026, at the registered office in Ahmedabad. The results were reviewed by S K Bhavsar & Co., Chartered Accountants.

TTL Enterprises Limited has declared the voting results for its 38th Annual General Meeting held on September 28, 2026. All seven resolutions proposed by the Board were passed with requisite majority, reflecting unanimous support from shareholders present at the venue.

The meeting, chaired by Managing Director and CFO Lalaram, was conducted in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. While remote electronic voting facilities were provided by NSDL from September 25 to September 27, 2026, no votes were cast through this channel. All valid votes were recorded through ballot papers at the registered office in Ahmedabad.

Ordinary business transacted

Shareholders approved the following ordinary business items during the meeting:

• Adoption of the company's financial statements.
• Re-appointment of Lalaram (DIN: 11567944) as Managing Director, who retired by rotation and was eligible for re-appointment.
• Approval for the appointment of Statutory Auditors.

Special resolutions passed

The AGM also addressed special business items focused on governance and compliance:

• Appointment of Lalaram (DIN: 11567944) as Managing Director of the company.
• Regularization of Shobha (DIN: 11567527) as a Director, previously serving as an Additional Director.
• Regularization of Virendra Thakor (DIN: 10754153) as an Independent Director, previously serving as an Additional Independent Director.
• Appointment of M/S. Dharti Patel & Associates, Practicing Company Secretary, as the Secretarial Auditor.

Voting results and scrutiny

The scrutinizer, Dharti Naranbhai Patel of M/S. Dharti Patel & Associates, submitted the consolidated report on September 29, 2026. The report confirmed that for every resolution, 32 members cast a total of 68 votes, all in favour. There were zero votes against and zero invalid votes across all items.

Meeting proceedings and voting

The Chairman confirmed that all feasible efforts were made to enable member participation. Clarifications were provided by Lalaram regarding queries raised by attendees. The results of the remote e-voting and e-voting at the AGM, along with the Scrutinizer Report, have been declared and posted on the company website and forwarded to the stock exchanges.

The meeting commenced at 12:30 pm and concluded at 1:35 pm.