TTK Healthcare Limited has announced the unexpected demise of Mr. T T Venkatesh, a member of the company's Promoter and Promoter Group, on September 17, 2025. The company expressed deep sorrow and condolences to his family in a regulatory filing.

Shareholding Details

Mr. Venkatesh held a significant position within the company's ownership structure:

Impact on Promoter Group

Following Mr. Venkatesh's passing, the company has informed that he will cease to be part of the Promoter and Promoter Group, in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015. However, his name will remain in the company's shareholding pattern until the transmission of his shares to his nominees is completed.

Corporate Governance Update

In a separate announcement, TTK Healthcare Limited also disclosed that it has complied with SEBI's recent circular on the 'Ease of Doing Investment.' The company has published information in Business Standard (English Version) across four editions on September 16, 2025, regarding the opening of a special window for re-lodgement of transfer requests for physical shares. This information has also been made available on the company's website and LinkedIn page, demonstrating TTK Healthcare's commitment to transparency and adherence to regulatory requirements.

The passing of Mr. T T Venkatesh marks a significant change in the company's promoter group composition. Stakeholders and investors will be watching closely for any potential impacts on the company's governance and ownership structure in the coming days.

TTK Healthcare Limited , a prominent player in the healthcare sector, has recently received income tax orders that could potentially impact its financial position. The company has disclosed that it plans to challenge these orders through the appropriate legal channels.

Income Tax Orders Details

The Income Tax Department has issued two significant orders to TTK Healthcare:

1. For the Assessment Year 2016-17:

   • Withdrawal of interest granted under Section 244A of the Income Tax Act, amounting to ₹1,26,41,187
   • Charging of interest under Section 234D amounting to ₹13,27,355
   • Total impact: ₹1,39,68,542

2. For the Assessment Year 2017-18:

   • Withdrawal of interest granted under Section 244A of the Income Tax Act, amounting to ₹87,62,620

The cumulative financial implication of these orders stands at ₹2,27,31,162.

Company's Response

TTK Healthcare has stated its intention to file appeals against these orders before the appropriate authorities. The company has expressed confidence in obtaining the necessary relief through the appeal process.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, TTK Healthcare has promptly disclosed this information to the stock exchanges. The company received these orders on August 26, and immediately informed the BSE Limited and the National Stock Exchange of India Limited.

Market Impact

While the immediate financial implication is clear, the long-term impact on TTK Healthcare's financials will depend on the outcome of the appeals process. Investors and stakeholders will likely keep a close watch on the developments in this matter.

TTK Healthcare continues to operate its business as usual while it prepares to address these tax-related challenges through the appropriate legal channels.