TTL Beteiligungs- und Grundbesitz-AG has called an extraordinary Annual General Meeting for December 9, 2025, where shareholders will review the company's 2024 financial statements in unaudited form. The meeting, which replaces the regular 2025 Annual General Meeting, comes amid ongoing disagreements between the company and its appointed auditor regarding the assessment of various financial matters.
The company's executive bodies have submitted the 2024 annual financial statements, consolidated financial statements, combined management report, and profit appropriation proposal to the Supervisory Board for review. However, these documents remain unaudited as the auditor has been unable to complete the audit due to persistent differences in interpretation of various issues with company management. This situation raises important questions about corporate governance and financial transparency standards in publicly traded companies.
Management and supervisory boards have made the strategic decision to proceed with publishing the unaudited financial statements to meet capital market obligations and avoid potential regulatory sanctions. This move underscores the delicate balance companies must maintain between regulatory compliance and financial reporting accuracy. The invitation and all required meeting documents are accessible through the company's Investor Relations section.
The decision to present unaudited financial statements at a shareholder meeting represents a significant development in corporate reporting practices. It highlights the potential consequences when companies and their auditors reach impasses during the audit process. For investors and market participants, this situation serves as a reminder of the critical role independent audit verification plays in ensuring financial statement reliability and protecting shareholder interests.
This extraordinary meeting arrangement demonstrates how companies navigate complex regulatory requirements while managing internal financial reporting challenges. The outcome of this meeting and subsequent resolution of audit issues will be closely watched by market regulators and investors alike, as it may set precedents for how similar situations are handled in the future within the German capital markets framework.
