TTK PRESTIGE LTD.

TTK Prestige Limited announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors approved the results and the accompanying Limited Review Report from statutory auditors M/s. PKF Sridhar & Santhanam LLP. The results will be published in the press and made available on the company's website. The meeting commenced at 10:25 A.M and concluded at 12:40 P.M.

On a consolidated basis (primary), TTK Prestige's revenue rose 21.0% YoY and 24.0% QoQ to ₹1,008.96 Cr, while PAT climbed 65.3% YoY (≈68.4% on an adjusted basis, stripping a ₹2 Cr one-off investment impairment) and 77.1% QoQ to ₹104.44 Cr. NPM expanded to 10.35% from 7.44% a year ago and 7.25% last quarter; EPS was ₹8.11 versus ₹4.69 YoY. Standalone PAT was ₹108.02 Cr, +54.1% YoY — a divergence of over 10 points from the consolidated growth rate, driven by the foreign subsidiary's ₹17.88 Cr quarterly net loss (which consolidation absorbs) partly offset by NCI sharing ₹6.67 Cr of the Ultrafresh loss; readers should note both numbers rather than treat the standalone print as the complete picture. The margin expansion did not come from gross cost ratios, which were roughly flat YoY (materials plus traded goods, net of inventory change, at ~42% of revenue in both periods). Instead it came below the gross line: consolidated other expenses actually fell 8% YoY to ₹163.60 Cr even as revenue grew 21%, helped materially by the parent's 'business excellence' cost-savings programme, whose spend dropped to ₹0.70 Cr this quarter from ₹17.89 Cr a year ago (Note 5b) — a swing worth roughly 1.7 points of revenue on its own. Employee costs grew 19.2% YoY, broadly tracking the topline. The quarter also carried the ₹2 Cr GramyaHaat CCD impairment in both statements and, in standalone only, the ₹13.53 Cr exceptional loss on the Ultrafresh divestment. No Q2-specific Street estimate could be located; full-year FY27 analyst consensus pegs PAT growth at 15-20%, a pace this quarter's YoY print comfortably exceeds, though a single quarter can't be fairly graded against an annual figure. Management gave no formal quarter-specific guidance; the only outlook on record is from the Q4 FY26 concall — cautiously optimistic near-term, flagging geopolitical and raw-material headwinds, with a long-term goal of returning to 13-14% EBITDA margins within two years. This quarter's double-digit revenue growth and NPM expansion run ahead of that cautious near-term framing, reading as a beat against the tone set then, though whether margins durably reach the 13-14% EBITDA band needs more quarters to confirm. Two corporate actions this quarter tie directly to the P&L: the October 1 sale of the 51% Ultrafresh stake (settled via the acquirer's equity shares) and the October 26 redemption of the GramyaHaat CCD — both already reflected in this quarter's exceptional items and in held-for-sale reclassifications on the balance sheet. Separately, the board appointed R Srinivasan as a non-executive director (Sep 11) and the August AGM approved a dividend, with ₹102.72 Cr paid out in H1 per the cash-flow statement. Going into Q3, the key question is whether the other-expense relief is structural (the cost programme largely done, per the ₹0.70 Cr residual spend) or still has one-off step-downs left to unwind, and whether the margin gains hold through the non-festive back half toward management's stated 13-14% EBITDA goal.

TTK Prestige Ltd has redeemed its entire investment in Compulsorily Convertible Debentures (CCDs) of M/s GramyaHaat Rural-Tech Private Limited (GramyaHaat), made in June 2024. The redemption resulted in a loss for TTK Prestige, but the company states that the quantum of loss is not material and does not have any significant impact on its financial position or operations. This transaction is not a related party transaction, and the promoter/promoter group/group companies have no interest in GramyaHaat.

TTK Prestige Ltd has completed the sale of its 51% stake in its subsidiary, Ultrafresh Modular Solutions Limited, to EFC (I) Limited. The transaction, finalized on August 13, 2026, involved TTK Prestige receiving 10,20,038 Equity Shares of ₹2 each in EFC (I) Limited as consideration. Following this sale, Ultrafresh Modular Solutions Limited is no longer a subsidiary of TTK Prestige Ltd. This divestment marks a strategic shift for TTK Prestige, reducing its exposure to this particular subsidiary.

TTK Prestige Ltd has announced that its Board of Directors will convene on November 6, 2026. The primary agenda item for this meeting is the consideration and approval of the company's Unaudited Financial Results for the second quarter and half-year ended September 30, 2026. In line with SEBI regulations, the trading window for company shares will be closed from October 1, 2026, to November 8, 2026, to prevent insider trading during this period. Designated persons and their immediate relatives are restricted from trading during the closure.

TTK Prestige Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is in accordance with SEBI regulations and the company's internal code of conduct. The trading window will be shut from October 1, 2026, to November 8, 2026, inclusive. This period coincides with the board meeting scheduled for November 6, 2026, where the un-audited financial results for the second quarter and half year ended September 30, 2026, will be considered and approved. All designated persons and their immediate relatives are prohibited from trading during this period.

TTK Prestige Ltd has appointed Mr. R Srinivasan as a Non-Executive Non-Independent Director, effective September 10, 2026. This appointment follows shareholder approval via postal ballot. Mr. Srinivasan, a graduate in BE (Hons), brings extensive industrial experience and serves as a Management Consultant. He has been associated with the company's board since 2000 and has previously served as an Independent Director and Non-Executive Non-Independent Director. His expertise spans business leadership, strategic planning, manufacturing, finance, governance, and industry management, contributing significantly to the company's growth and stability.

TTK Prestige Ltd held its 70th Annual General Meeting (AGM) on August 4, 2026, via video conference. The meeting commenced at 11:00 AM and concluded at 12:12 PM. Key agenda items included the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a dividend of ₹7.50 per equity share. The company confirmed that the auditors' reports, including cost and secretarial audit reports, had no qualifications. Directors liable to retire by rotation, Mr. T T Raghunathan and Mr. R. Srinivasan, were up for reappointment.

TTK Prestige Ltd has announced the reopening of its trading window for designated persons and their immediate relatives. This follows a period of closure, with the window set to resume operations on August 21, 2026. The company has formally communicated this update, ensuring all relevant parties are informed and can resume trading in the company's shares.

TTK Prestige Limited has entered into a Share Acquisition Agreement to sell its controlling 51% stake in its subsidiary, Ultrafresh Modular Solutions Limited, to EFC (I) Limited. The transaction also includes all other shareholders of Ultrafresh. The sale consideration is ₹27.54 Crores, structured as a share swap with EFC (I) Limited shares, not cash. Ultrafresh contributed ₹36.3 Crores (1.2%) to TTK Prestige's consolidated turnover in FY 2025-26 and had a net worth of ₹(16.66) Crores (0.8% of consolidated net worth) as of March 31, 2026. The agreement was signed on August 13, 2026, with completion expected by October 31, 2026. EFC (I) Limited is an independent, publicly listed company and not part of TTK Prestige's promoter or group companies. The transaction is not considered a related party transaction.