TTI Enterprise Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving key resolutions related to Mr. Hemant Agarwal's appointment as Executive Director. The voting results, announced on January 8, 2026, demonstrate strong shareholder confidence in the company's leadership decisions.

Postal Ballot Results Overview

The postal ballot process concluded on January 6, 2026, with shareholders voting on two critical resolutions through remote e-voting. The voting details are summarized below:

Resolution Outcomes

Both resolutions received overwhelming support from shareholders, with 99.98% of votes cast in favour:

Resolution 1: Regularisation of Executive Director

Resolution 2: Remuneration Fixation

Shareholding Pattern and Participation

The voting participation showed strong engagement from public non-institutional shareholders:

Executive Director Profile

Mr. Hemant Agarwal (DIN: 11363521) brings significant expertise to his role as Executive Director:

Regulatory Compliance

The postal ballot process was conducted in full compliance with regulatory requirements. The company engaged National Securities Depository Limited (NSDL) for the remote e-voting facility, ensuring transparency and accessibility for all shareholders. The process adhered to Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations.

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.