Promoter Kalarikkal Chandrasekharan Bindu of tti enterprise has executed a complete divestment of his shareholding through an off-market transaction. The promoter sold his entire stake of 27,34,383 equity shares on February 2, 2026, representing 10.76% of the company's total voting capital.

Complete Promoter Exit

The transaction details reveal a complete exit by the promoter from TTI Enterprise Limited. Prior to this sale, Bindu held 27,34,383 shares carrying voting rights, which constituted 10.76% of both the total share capital and diluted share capital of the company.

Shareholding Pattern Changes

The substantial shareholding change has been disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter's holding has been reduced from 10.76% to zero following this transaction.

Company Share Capital Structure

TTI Enterprise Limited's equity share capital remains unchanged following this transaction. The company maintains its total equity share capital of 2,54,04,422 equity shares of Rs. 10 each. The total diluted share capital also remains at the same level, indicating no outstanding convertible securities or warrants.

Regulatory Compliance

The disclosure was submitted to TTI Enterprise Limited, BSE Limited, and The Calcutta Stock Exchange Limited on February 3, 2026. The company's shares are listed on BSE with script code 538597 and on Calcutta Stock Exchange with code 030137. This transaction represents a significant change in the promoter group shareholding pattern of the company.

TTI Enterprise Limited has received multiple requests from promoter entities seeking reclassification from promoter category to public category under SEBI regulations. The company informed stock exchanges about these material developments on December 15, 2025, in compliance with regulatory requirements.

Reclassification Requests Received

The company received requests from seven promoter entities on December 15, 2025, seeking reclassification under Regulation 31A(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requests were submitted after intervening non-working days (Saturday and Sunday).

Key Declarations by Applicants

All applicants have made similar declarations supporting their reclassification requests. The key undertakings include:

• No shareholding in TTI Enterprise Limited as of December 13, 2025
• No direct or indirect control over company affairs or decision-making processes
• No special rights through formal or informal arrangements including shareholder agreements
• No representation on the Board of Directors and no nominee directors
• Not acting as key managerial personnel in the company
• Not classified as willful defaulters under RBI guidelines
• Not designated as fugitive economic offenders

Previous Requests and Regulatory Compliance

All applicants mentioned that similar reclassification requests were previously submitted to the company on September 27, 2022, and January 13, 2025, without any action from the company. The current requests specifically cite compliance with Regulation 31A of SEBI LODR 2015.

Binjal Mehta and Paraj Mehta specifically mentioned their resignation from directorship positions on May 27, 2022, further supporting their claims of disconnection from company operations.

Board Consideration and Next Steps

TTI Enterprise Limited has informed that the reclassification requests will be considered by the Board of Directors. The approval process will be subject to stock exchange requirements under Regulation 31A(10) of SEBI (LODR) Regulations, 2015.

The company has committed to taking necessary steps in accordance with SEBI (LODR) Regulations, 2015, and has requested stock exchanges to treat this communication as intimation of material events as required under regulatory provisions.

Regulatory Framework

The reclassification process falls under Regulation 31A(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation allows promoters to seek reclassification to public category when they no longer exercise control over the company and meet specific criteria outlined in the regulations.