StockWatch
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Other Textile Products
Corporate Action6 Aug 2026, 07:30 pm

T T Ltd Forfeits ₹2.44 Cr from 8 Lakh Convertible Warrants

AI Summary

T T Limited's Board of Directors, in a meeting held on August 06, 2026, approved the cancellation of 8,00,000 convertible warrants and the forfeiture of the upfront subscription amount of ₹2,44,00,000. This action follows the expiry of the exercise period on June 15, 2026, as warrant holders failed to pay the balance 75% of the issue price. The company also approved un-audited financial results for the quarter ended June 30, 2026. Additionally, the Board accepted the resignation of Rahul Maurya as Company Secretary & Compliance Officer and appointed Shivam Sharma to the role.

Key Highlights

  • Forfeiture of ₹2.44 Cr from 8 lakh convertible warrants due to non-payment.
  • Cancellation of 8,00,000 convertible warrants approved by the Board.
  • Un-audited financial results for Q1 FY27 declared.
  • Resignation of Company Secretary accepted; new appointment made.