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.

TTI Enterprise Limited , a company listed on both the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange (CSE), has announced significant changes in its listing status and board composition. The company's board of directors has approved several key decisions that will impact its market presence and governance structure.

Voluntary Delisting from CSE

The board has approved a proposal for voluntarily delisting the company's equity shares from the Calcutta Stock Exchange. This decision aligns with Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The company cites two primary reasons for this move:

1. Negligible trading volume on the CSE platform
2. The need to reduce administrative compliance burdens and associated costs

TTI Enterprise will continue to maintain its listing on the BSE, which provides nationwide trading terminals. As a result, the company is not required to offer an exit opportunity to shareholders under Regulation 6(1)(a) of the Delisting Regulations.

Board Changes

The board meeting also addressed significant changes in the company's directorship:

Director Disqualification

Mr. Valath Sreenivasan Ranganathan (DIN: 02786224) has been disqualified from the office of Director. This disqualification is pursuant to Section 167 read with Section 164 of the Companies Act, 2013. As a result, Mr. Ranganathan's directorship has ceased with immediate effect.

New Executive Director

The board has initiated steps to regularize Mr. Hemant Agarwal (DIN: 11363521) as an Executive Director of the company. This appointment, along with the fixation of Mr. Agarwal's remuneration, will be subject to shareholder approval through a postal ballot.

Additional Corporate Actions

The board meeting also resulted in the following decisions:

1. Registered Office Relocation: Approval for shifting the registered office of the company within Kolkata, effective December 3, 2025.

2. Postal Ballot: Approval of a Postal Ballot Notice to seek shareholder approval for the regularization and remuneration fixation of Mr. Hemant Agarwal as Executive Director.

3. Scrutinizer Appointment: Ms. Prity Bishwakarma, Proprietor of M/s. Prity Bishwakarma & Co., Practising Company Secretary, has been appointed as the Scrutinizer for the postal ballot voting process.

These corporate actions reflect TTI Enterprise's efforts to streamline its operations, reduce compliance costs, and make necessary changes to its board structure. Shareholders and potential investors should take note of these developments as they may impact the company's governance and market presence going forward.