Overview

• TTK Prestige disclosed in an exchange filing that TT Jagannathan died on Oct. 9 and conveyed deep sorrow over the sudden loss.
• He served on the board for about 50 years and helped restore the company from near bankruptcy to a debt-free, billion-dollar enterprise.
• Jagannathan devised the Gasket Release System, which vents excess steam by pushing out part of the gasket if the valve or safety plug fails.
• The filing shows he directly owned 3.10% of TTK Prestige and was a 3% partner in M/s T T Krishnamachari & Co, the firm holding 60.44% of the company.
• The company said his shareholdings will remain displayed in his name until the transmission to nominees is completed.