Management Change2 Jul 2026, 04:21 pm
TTI Enterprise Ltd: Board Approves MD Resignation, Appoints New Directors
AI Summary
TTI Enterprise Ltd announced the outcome of its Board Meeting held on July 2, 2026. The board accepted the resignation of Mr. Sabu Thomas as Managing Director, Director, and Key Managerial Personnel due to personal reasons. Mr. Shashank Suhalka also resigned as Independent Director citing professional commitments. The company has appointed Mr. Mithun Wales as Additional Executive and Managing Director for five years, subject to shareholder approval. Additionally, Mr. Nikhil Gehlot has been appointed as Additional and Independent Director for an initial term of five years, also pending member approval. The Nomination & Remuneration and Stakeholder's Relationship committees have been reconstituted.
Key Highlights
- Resignation of MD Mr. Sabu Thomas accepted.
- Independent Director Mr. Shashank Suhalka resigns.
- Mr. Mithun Wales appointed as new MD for five years.
- Mr. Nikhil Gehlot appointed as new Independent Director.
- Board committees reconstituted following management changes.
Price Impact
More from TTIENT