T T Jagannathan to step down as Non-Executive Chairman and Director of TTK Prestige Ltd

Mr. T T Jagannathan - Non-Executive Chairman & Director of the Company having served for 50 years on the Board, in various capacities as Managing Director, Executive Chairman and Non-executive Chairman of the Company has decided to step down from his office with effect from the closing hours of March 24, 2025 to facilitate Promoter Succession on the Board. This succession has been unanimously approved by the Board.

Under his leadership, the Company has stood its ground through various challenges, intense competition and reached the market cap beyond one billion dollars. The Board placed on record its deep appreciation for the massive contributions made by Mr. T T Jagannathan during his association with the Company.

Further, based on the enormous contribution of 50 years made by him guiding the Company into a new age in his own distinctive style, the Board conferred him the honorary title of “Chairman Emeritus". As desired by the Board, Mr. Jagannathan will continue to be on the Board as Non-Executive Director and advise on matters of strategy and growth.

Mr. T T Raghunathan who is currently Vice-Chairman & Non-Executive Director of the Company will succeed Mr. T.T Jagannathan as Non-Executive Chairman of the Company with effect from March 25, 2025.

Dr. Mukund T T, who is currently the Non-Executive Director of the Company will be NonExecutive Vice Chairman of the Company with effect from March 25, 2025.

Source : Equity Bulls

Keywords

TTKPrestige NonExecutiveChairman Director Resignation Suucession