TMT India Board Approves Un-audited Results, Appoints New Directors
TMT India Ltd held a Board of Directors meeting on August 14, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. The board also approved the appointment of Mitesh Kothari as Chairman and Managing Director (Additional), Shakti Tiwari and Jigna Rajiv Shah as Executive Directors (Additional), and Rahul Visaria, Deepak Gandhi, and Pradeep Kumar as Additional Independent Directors. These appointments are subject to regularization by the company's members. Additionally, the company approved establishing a new corporate/administrative office in Mumbai. The resignation of Tumbalam Gooty Veera Prasad as Managing Director and Director was accepted, effective August 14, 2026, due to a change in control and management following a successful Open Offer.
Key Highlights
- TMT India approved un-audited financial results for Q1 FY27.
- New Chairman & MD, two Executive Directors appointed.
- Three Additional Independent Directors appointed to the board.
- Resignation of MD accepted due to change in control post Open Offer.
- New corporate office to be established in Mumbai.
Price Impact
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