NewsTitan Company's Independent Director Ashwani Puri Completes Second Term, Ceases as DirectorTitan Company's Independent Director Ashwani Puri Completes Second Term, Ceases as Director
Mr. Ashwani Puri (DIN: 00160662) has completed his second consecutive five-year term as an Independent Director of Titan Company Limited, ceasing to be a Director effective 6th May 2026. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted by General Counsel & Company Secretary Dinesh Shetty and is available on the Company's website.
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Titan Company Limited has informed the stock exchanges that Mr. Ashwani Puri (DIN: 00160662) has completed his second term of five consecutive years as an Independent Director of the Company, and has consequently ceased to be a Director effective 6th May 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Director Cessation Details
The following details have been disclosed as required under SEBI Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023:
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Ashwani Puri |
| DIN: | 00160662 |
| Reason for Change: | Completion of second term as Independent Director |
| Date of Cessation: | 6th May 2026 |
| Term Completed: | Five (5) consecutive years (second term) |
| Brief Profile (Appointment): | Not Applicable |
| Disclosure of Relationships: | Not Applicable |
Regulatory Compliance
The intimation was filed in accordance with the applicable SEBI Listing Regulations and is also available on the Company's website at www.titancompany.in . The disclosure was signed by Dinesh Shetty, General Counsel & Company Secretary of Titan Company Limited, on 6th May 2026.
Historical Stock Returns for Titan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.20% | -2.98% | +1.45% | +14.12% | +30.56% | +198.22% |
Who is Titan Company likely to appoint as a replacement Independent Director, and what expertise profile will the board seek to fill the governance gap?
How might the departure of Mr. Ashwani Puri affect Titan's board committee compositions, particularly in audit or risk oversight roles he may have chaired?
With this change in board composition, how could institutional investors and proxy advisory firms reassess Titan's corporate governance ratings?
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