T T Limited Board Approves Q1FY27 Results, Forfeits Warrants Worth ₹2.44 Crore
T T Limited's Board approved Q1FY27 Un-Audited Financial Results. The company forfeited ₹2.44 crore from 8,00,000 convertible warrants due to non-payment of the balance amount. Mr. Rahul Maurya resigned as Company Secretary & Compliance Officer, and Mr. Shivam Sharma was appointed to the role.
The forfeiture of ₹2.44 crore, while significant, does not represent a substantial portion of the company's overall financials. The change in Company Secretary is a routine management update. Therefore, the impact is considered medium.
The announcement includes the approval of quarterly results, which is routine. The forfeiture of warrants and the associated amount is a negative event, but it is offset by the appointment of a new Company Secretary, making the overall sentiment neutral.
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 (Rupees Two Crore Forty-Four Lakh only). These warrants were originally allotted on December 16, 2024, to non-promoter category individuals at an issue price of ₹122 per warrant. The warrant holders were required to pay the balance 75% of the issue price within 18 months from the allotment date, i.e., by June 15, 2026. As the balance consideration was not received, the warrants lapsed and the upfront payment stands forfeited.
The Board also took note of the resignation of Mr. Rahul Maurya as Company Secretary & Compliance Officer, effective June 25, 2026, and placed on record their appreciation for his contributions. Subsequently, the Board approved the appointment of Mr. Shivam Sharma as the new Company Secretary & Compliance Officer, effective August 6, 2026.
The Board meeting commenced at 4:00 PM and concluded at 6:35 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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See the model portfoliosA plain-language summary of a public exchange filing by T T Limited. Read the original for the full detail.