TTI Enterprise Limited has issued a comprehensive postal ballot notice dated February 24, 2026, seeking shareholder approval for six special resolutions through remote e-voting process. The notice follows the board meeting held on February 20, 2026, where directors approved multiple strategic decisions. Subsequently, the company held another board meeting on February 25, 2026, and issued an addendum adding significant new business objects to its Memorandum of Association.

Board Meeting Outcome February 25, 2026

The Board of Directors convened on February 25, 2026, from 02:00 PM to 02:50 PM, approving crucial amendments to the company's business scope. The meeting was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process and Timeline

The company has engaged NSDL as the agency to provide remote e-voting facility for shareholders. The e-voting process will be available during a specific timeframe to ensure proper shareholder participation.

Enhanced Business Objects Through Addendum

Following the board meeting held on February 25, 2026, TTI Enterprise issued an addendum to the postal ballot notice, significantly expanding the proposed main object clause. The addendum introduces major new business verticals that will diversify the company's operations beyond its current scope.

Comprehensive Agricultural Business Expansion

The proposed agricultural business objects encompass the entire value chain from cultivation to distribution. The company plans to engage in cultivation, growing, producing, harvesting, processing, and trading of agricultural produce including food grains, cereals, pulses, oilseeds, spices, fruits, and vegetables.

The agricultural expansion includes modern farming techniques such as precision farming, greenhouse farming, hydroponics, vertical farming, and protected cultivation. The company will establish facilities for cleaning, grading, sorting, processing, milling, extraction, packaging, and cold storage of agricultural products.

Alcoholic Beverage Manufacturing Entry

The addendum introduces alcoholic beverage manufacturing as a new business vertical. The proposed objects include manufacture, processing, blending, distribution, sale, export, import, and marketing of India Made Foreign Liquor (IMFL), rectified spirit, extra neutral alcohol, whisky, brandy, rum, gin, vodka, ethanol, and beer.

The company plans to undertake all activities related to fermentation, distillation, refining, formulation, bottling, packaging, and branding, including establishment and operation of breweries and distilleries.

Special Resolutions for Shareholder Approval

The postal ballot notice contains six special resolutions covering major corporate restructuring initiatives, with the first resolution significantly expanded through the February 25, 2026 addendum.

Existing Business Diversification Strategy

Beyond the new agricultural and liquor manufacturing objects, the company continues its planned diversification into retail trading, food processing, FMCG operations, and jewelry business. The comprehensive business transformation reflects the board's strategy to transition from NBFC operations to diversified business activities across multiple sectors.

Compliance and Documentation

The addendum has been issued in compliance with the Companies Act, 2013, and forms an integral part of the original postal ballot notice. The document has been communicated to BSE Limited and Calcutta Stock Exchange Limited under Regulation 30 requirements. Executive Director Hemant Agarwal digitally signed the board meeting outcome document on February 25, 2026.

TTI Enterprise Limited has formally submitted applications to BSE Limited and Calcutta Stock Exchange Limited for reclassifying four promoter group entities from promoter category to public category under Regulation 31A of SEBI LODR Regulations 2015. The applications were submitted on February 16, 2026, following Board approvals granted during the meeting held on February 12, 2026.

Formal Application Submission

The company submitted reclassification applications for four promoter group entities that collectively hold minimal shareholding. These applications represent the formal regulatory step following the Board's earlier approval of the reclassification requests.

The combined shareholding of these four entities represents 0.18% of the company's paid-up equity share capital. All entities have confirmed they satisfy the conditions under Regulation 31A(3) of SEBI LODR Regulations, including holding less than 10% voting rights and having no control over company affairs.

Previous Reclassification Activities

This submission continues the company's ongoing promoter restructuring process. Earlier, the Board had approved reclassification of seven other promoter group entities, all holding nil shareholding in the company. These entities included Binjal Mehta, Paraj Mehta, Jitendra Kumar Mehta, Paraj Mehta HUF, Irawati Enterprises LLP, Meghnath Wealth Creators LLP, and Vaikundam Advisors LLP.

Financial Performance Overview

The company reported mixed financial performance for Q3FY26, with net profit after tax declining significantly to ₹0.45 lakhs from ₹63.87 lakhs in Q3FY25. Revenue from operations decreased marginally while total expenses increased substantially.

Regulatory Compliance Process

The reclassification applications are now under review by BSE Limited and Calcutta Stock Exchange Limited. Upon approval, the company will effect the reclassification in the Statement of Shareholding Pattern from the immediate succeeding quarter under Regulation 31 of SEBI LODR Regulations. The entities seeking reclassification have confirmed they have no special rights through formal or informal arrangements and are not represented on the Board of Directors.

Recent Corporate Changes

Alongside the promoter reclassification process, the company approved appointment of two new independent directors - Mr. Kushal Agrawal and Mr. Shashank Suhalka - for five-year terms effective February 12, 2026. The Board also accepted resignations from CFO Mr. Nikhil Kombath and two independent directors due to personal reasons. Additionally, the registered office was shifted to 3rd Floor, PNB House, 18B Brabourne Road, Kolkata.