TTL Enterprises Board Meeting Outcome: New MD & CFO Appointed Amid Executive Resignations

2 min read     Updated on 26 Feb 2026, 01:09 PM
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TTL Enterprises Limited conducted a board meeting on February 25, 2026, resulting in significant leadership transitions. The company appointed Mr. Lalaram as Managing Director and Chief Financial Officer for a five-year term, while accepting resignations from Managing Director Vasantkumar Shankarlal Rajgor and Executive Director & CFO Brijeshkumar Vasantlal Rajgor, both citing other commitments and personal reasons.

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TTL Enterprises Limited has announced the outcome of its board meeting held on February 25, 2026, confirming significant leadership changes with the appointment of a new Managing Director and Chief Financial Officer, alongside the acceptance of resignations from two senior executives.

Board Meeting Decisions

The board meeting, which commenced at 5:30 PM and concluded at 6:15 PM on February 25, 2026, approved three major agenda items related to leadership transitions. All decisions were made in compliance with SEBI regulations, particularly the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing was submitted to BSE Limited under scrip code 514236.

New Leadership Appointment

Based on recommendations from the Nomination and Remuneration Committee, the board appointed Mr. Lalaram as both Managing Director and Chief Financial Officer of the company. The appointment details are as follows:

Parameter: Details
Appointee: Mr. Lalaram (DIN: 11567944)
Position: Managing Director and CFO
Effective Date: February 25, 2026
Term Duration: Five years (February 25, 2026 to February 24, 2031)
Experience: Over 15 years in agro-related business
Educational Background: Primary Education
Share Holdings: NIL
Other Directorships: None

Mr. Lalaram brings extensive experience in agro-related business across various sectors and is not debarred from holding directorial positions by any regulatory authority. He holds no relationships with existing directors and has no directorships in other listed or unlisted entities.

Executive Resignations

The company accepted resignations from two key executives, both effective from the close of business hours on February 26, 2026:

Executive: Position Reason Other Directorships
Mr. Vasantkumar Shankarlal Rajgor (DIN: 08745707) Managing Director Other commitments and personal reasons Rajgor Castor Derivatives Limited
Mr. Brijeshkumar Vasantlal Rajgor (DIN: 08156363) Executive Director and CFO Other commitments and personal reasons Rajgor Castor Derivatives Limited

Both executives submitted formal resignation letters on February 25, 2026, confirming that there are no material reasons for their departure beyond those mentioned. In their resignation letters, both executives expressed gratitude for the support received during their tenure and wished the company continued success. They also requested to be relieved from all committees and positions held during their tenure.

Regulatory Compliance and Documentation

The company has provided comprehensive disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, covering all aspects of the appointments and resignations. Detailed annexures were provided with complete information about the leadership changes, including resignation letters from both departing executives.

The resignations were processed in accordance with regulatory requirements, with necessary forms to be filed with the Registrar of Companies and other relevant authorities. The filing was digitally signed by Vasantkumar Shankarlal Rajgor in his capacity as Managing Director on February 25, 2026.

TTL Enterprises Limited, formerly known as Trupti Twisters Limited, is headquartered in Ahmedabad, Gujarat, and continues its operations under the new leadership structure. The company's registered office is located at 2nd Floor, Cabin No. 5, House 4 Arista @ Eight Corporate House, B/h Satyam House, Rajpath Club Road, Bodakdev, Thaltej, Ahmedabad, Gujarat.

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TTL Enterprises Limited Reports Q3 FY26 Results with Revenue of Rs. 2,027.23 Lakhs

2 min read     Updated on 14 Feb 2026, 06:51 PM
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TTL Enterprises Limited reported Q3 FY26 results with revenue of Rs. 2,027.23 lakhs, marking significant growth from Rs. 440.42 lakhs in the previous quarter. Despite strong revenue performance, the company posted a net loss of Rs. 11.05 lakhs compared to a profit of Rs. 7.37 lakhs in Q2 FY26. For the nine-month period, revenue reached Rs. 2,575.00 lakhs against Rs. 717.51 lakhs in the previous year, though the company reported a net loss of Rs. 1.85 lakhs. The Board approved results on February 14, 2026.

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TTL Enterprises Limited (formerly known as Trupti Twisters Limited) has announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025. The Board of Directors approved the results during their meeting held on February 14, 2026, which commenced at 6:10 PM and concluded at 6:30 PM.

Financial Performance Overview

The company's quarterly performance showed mixed results with significant revenue growth but profitability challenges. The financial metrics demonstrate substantial quarter-on-quarter revenue improvement alongside operational difficulties.

Financial Metric Q3 FY26 Q2 FY26 Q3 FY25
Revenue from Operations Rs. 2,027.23 lakhs Rs. 440.42 lakhs Rs. 442.02 lakhs
Total Income Rs. 2,027.23 lakhs Rs. 440.42 lakhs Rs. 442.02 lakhs
Total Expenses Rs. 2,040.98 lakhs Rs. 430.46 lakhs Rs. 443.55 lakhs
Net Profit/(Loss) Rs. (11.05) lakhs Rs. 7.37 lakhs Rs. 3.82 lakhs

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, TTL Enterprises demonstrated strong revenue growth compared to the previous year. The company achieved revenue from operations of Rs. 2,575.00 lakhs against Rs. 717.51 lakhs in the corresponding nine-month period of FY25.

Nine-Month Metrics FY26 (YTD) FY25 (YTD) Change
Revenue from Operations Rs. 2,575.00 lakhs Rs. 717.51 lakhs +258.8%
Total Expenses Rs. 2,576.31 lakhs Rs. 715.62 lakhs +260.0%
Net Profit/(Loss) Rs. (1.85) lakhs Rs. 6.34 lakhs Loss

Expense Structure and Operational Details

The company's primary expense component consists of purchases of stock-in-trade, which amounted to Rs. 2,037.86 lakhs in Q3 FY26 compared to Rs. 427.20 lakhs in the previous quarter. Other significant expenses included:

  • Employee benefits expenses: Rs. 0.22 lakhs
  • Other expenses: Rs. 2.90 lakhs
  • Current tax: Rs. (3.23) lakhs

Earnings Per Share and Capital Structure

The company reported basic and diluted earnings per share of Rs. (15.87) for Q3 FY26, compared to Rs. 10.58 in the previous quarter. The paid-up equity share capital remained constant at Rs. 6.96 lakhs with a face value of Rs. 10.00 per share.

Regulatory Compliance and Auditor Review

The unaudited financial results were reviewed by the Audit Committee and received a limited review report from VSS B & Associates, Chartered Accountants. The auditor noted that statutory income tax liabilities pertaining to Financial Year 2024-25 remain unpaid by the company as at the reporting date. The company operates in a single segment of commercial trading and has prepared its results in accordance with Indian Accounting Standards (Ind AS).

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