TTK Healthcare Limited — Others, 22-11-2024: Action(s) taken or orders passed

TTK Healthcare Limited has informed that it incurred a fine of ₹1.95 lakh (cr) plus GST each from BSE and NSE due to non-compliance with Board composition requirements regarding the appointment of a woman director. The company was unable to appoint a suitable candidate in time due to delays in obtaining necessary government approvals following the retirement of a qualified candidate. As a corrective action, Ms. Hastha Shivaramakrishnan was appointed as an Independent Woman Director, effective October 16, 2024. The financial impact of this fine is negligible, and the company plans to apply for a waiver, highlighting its efforts to comply. This situation may present a neutral impact on investor sentiment, with potential for a positive outlook if the waiver is granted.