Titan Company accepts resignation of three directors including Chairperson

Titan Company accepted the resignations of three Non-Executive Non-Independent Directors, including its Chairperson, effective June 22, 2026, following the withdrawal of their nominations by TIDCO, the Co-Promoter. The changes impact the Board's composition as the company adjusts to the departure of key government-nominated representatives.

Titan Company disclosed that Ms. Sandhya Sharma, IAS, who served as Chairperson & Non-Executive, Non-Independent Director, resigned effective June 22, 2026. Her resignation was accompanied by those of Mr. Arun Roy, IAS, and Ms. Mariam Pallavi Baldev, IAS, both serving as Non-Executive, Non-Independent Directors. All three officials stepped down due to the withdrawal of their nominations by TIDCO.

The resignations were communicated to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the necessary disclosures required under SEBI LODR and the relevant SEBI Master Circular were enclosed.

The following table details the directors who have resigned:

Name of the Director	Designation	Effective Date of Resignation
Ms. Sandhya Sharma, IAS	Chairperson & Non-Executive, Non-Independent Director	22 June 2026
Mr. Arun Roy, IAS	Non-Executive, Non-Independent Director	22 June 2026
Ms. Mariam Pallavi Baldev, IAS	Non-Executive, Non-Independent Director	22 June 2026

In their resignation letters addressed to the Board of Directors, the officials thanked the directors for the courtesy and cooperation extended during their tenure. The company has updated the information on its website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.43%	-0.33%	+5.98%	+10.14%	+23.34%	+142.56%

Titan Company Ltd has appointed Mr. Srinivasan Varadarajan as an Independent Director following approval through a postal ballot process. The resolution was passed as a special resolution with the requisite majority, securing 99.78% of the valid votes cast. The appointment strengthens the company's board governance structure.

The remote e-voting process commenced on May 25, 2026, and concluded on June 23, 2026. A total of 4,153 members participated, casting 76,31,39,610 votes, which represents 85.96% of the total paid-up equity capital as on the cut-off date of May 15, 2026. The scrutinizer's report confirmed the validity of the voting process, which was conducted exclusively through electronic means.

Voting Breakdown

The resolution received overwhelming support across all shareholder categories. Promoters and the promoter group cast 100% of their votes in favour, while public institutions and public non-institutions also supported the appointment with 99.33% and 99.99% of their respective votes.

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	46,96,01,920	0	100.00	0.00
Public Institutions	24,41,60,352	16,53,336	99.33	0.67
Public Non Institutions	4,77,17,062	6,940	99.99	0.01
Total	76,14,79,334	16,60,276	99.78	0.22

Procedural Details

The postal ballot notice was dispatched on May 22, 2026, via email to members whose contact details were available. The voting was conducted in compliance with Section 110 of the Companies Act, 2013, and the relevant rules. The scrutinizer, V Sreedharan & Associates, verified the votes and confirmed the results on June 24, 2026. No invalid votes were recorded during the process.