TTL Enterprises Limited held its 5th Board Meeting for FY 2026-27 on 25th August 2026 at 2:00 PM at its registered office in Ahmedabad, Gujarat. The meeting was chaired by Managing Director Mr. Lalaram (DIN: 11567944), with all directors present in person.

The primary agenda item was the consideration of a request received from M/s Ardent Ventures LLP, a promoter group entity, seeking reclassification from 'Promoter Group' to 'Public' category. The request was received on 20th August 2026 and was made pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board noted that under Regulation 31A(3)(b) of SEBI LODR, promoters seeking reclassification must not hold more than 10% of total voting rights or exercise control over the listed entity. Ardent Ventures LLP specifically declared that they satisfy all conditions under this regulation, including:

  • Holding zero shares of the company (which is less than 1% of total voting rights)
  • Not exercising any control over company affairs
  • Not enjoying any special rights through formal or informal arrangements
  • Having no partners/associates/relatives serving as directors or key managerial personnel
  • Not being classified as wilful defaulters per RBI guidelines
  • Not being fugitive economic offenders

The Board determined that shareholder approval was not required since Ardent Ventures LLP holds zero shares, which is below the 1% threshold specified in the proviso to Regulation 31A(3)(a).

The Board passed a resolution approving the reclassification, subject to approval from BSE Limited where the company's shares are listed. The resolution included confirmation that:

  • The company is and will remain compliant with minimum public shareholding requirements under Regulation 38 of SEBI LODR
  • The company does not have trading in its shares suspended by stock exchanges
  • The company has no outstanding dues to SEBI, stock exchanges, or depositories

The Board authorized the company to submit the necessary application to stock exchanges with all required undertakings, forms, and supporting documents. Upon receiving stock exchange approval, the company will effect the reclassification in its shareholding pattern disclosures as required under SEBI LODR Regulations.

The meeting concluded with no other business transacted, and the minutes were signed on 26th August 2026.