Titan Company Ltd has fully redeemed commercial papers worth ₹1000 crore issued on April 16, 2026. The company paid the maturity proceeds to all holders on June 25, 2026, completing the transaction as per regulatory requirements.

Redemption Details

The redemption was conducted in accordance with SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which governs the issue and listing of non-convertible securities and commercial papers.

The company confirmed that all necessary payments were made to the holders of the commercial papers bearing ISIN INE280A14534. A copy of the intimation regarding this redemption has been made available on the company's official website.

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:

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.