T T Limited Board Approves Q1 FY27 Results, Cancels Warrants, Appoints New CS
T T Limited's Board approved Q1 FY27 Un-Audited Financial Results. They also cancelled 8,00,000 convertible warrants and forfeited ₹2.44 crore upfront payment due to non-exercise. Mr. Rahul Maurya resigned as Company Secretary & Compliance Officer, and Mr. Shivam Sharma was appointed to the role.
The cancellation of warrants and forfeiture of a significant amount (₹2.44 crore) has a moderate financial implication. The appointment of a new Company Secretary is also a material management change.
The announcement includes the approval of quarterly results, which is routine. The cancellation of warrants and forfeiture of funds is a negative development for the warrant holders but neutral for the company's operations. The change in Company Secretary is a routine management change.
T T Limited announced the outcome of its Board of Directors meeting held on August 6, 2026. The Board approved the Un-Audited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditors.
Furthermore, the Board approved the cancellation of 8,00,000 Convertible Warrants and the forfeiture of the upfront subscription amount of ₹2,44,00,000. These warrants were allotted on a preferential basis on December 16, 2024, at an issue price of ₹122 per warrant. The warrant holders failed to pay the balance 75% consideration within the stipulated period, which expired on June 15, 2026, leading to the lapse and subsequent cancellation of the warrants. The forfeited amount will be retained by the company.
In personnel changes, the Board accepted the resignation of Mr. Rahul Maurya as Company Secretary & Compliance Officer, effective June 25, 2026. The Board placed on record its appreciation for his contributions. Subsequently, Mr. Shivam Sharma was appointed as the new Company Secretary & Compliance Officer, effective August 6, 2026. Mr. Sharma is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor's degree in Commerce with over ten years of experience in corporate laws and secretarial matters.
The Board meeting commenced at 04:00 PM and concluded at 06:35 PM.
What to do with a filing like this
T T Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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