Titan Biotech Ltd has announced a significant corporate action with the setting of February 20, 2026, as the record date for its equity share split. This development represents a strategic move by the pharmaceutical company to restructure its share capital.

Share Split Details

The company has outlined the specific parameters of the share subdivision:

Impact on Shareholders

Under this arrangement, existing shareholders will receive five new equity shares of ₹2.00 face value for every one share of ₹10.00 face value they currently hold. The total value of shareholding will remain unchanged immediately after the split, but the number of shares will increase proportionally.

Corporate Action Timeline

With the record date set for February 20, 2026, shareholders who hold shares on this date will be eligible for the share split. The company has provided advance notice of this corporate action, allowing sufficient time for shareholders to plan accordingly.

Share splits are commonly implemented by companies to enhance share liquidity and make shares more affordable for retail investors, potentially broadening the shareholder base.

Three major Indian companies have announced significant leadership appointments across their boards and senior management positions, reflecting ongoing organizational strengthening initiatives in the corporate sector.

Titan Company Board Restructuring

Titan Company Ltd has appointed Sandhya Venugopal Sharma, IAS, as the Chairperson and Additional Director on its Board as a Nominee of Tamil Nadu Industrial Development Corporation Limited (TIDCO), according to an exchange filing. The appointment represents a leadership transition at the jewelry and watch manufacturer, which operates as a joint venture between the Tata Group and TIDCO.

Arun Roy, IAS, who previously held the Chairperson position, will continue serving as Director on the Titan Board, ensuring continuity in the company's governance structure.

RBL Bank Leadership Changes

Private sector lender RBL Bank has implemented key management changes with the appointment of Deepak Ruiya as interim Chief Financial Officer (CFO), effective immediately. The appointment will remain in place until the bank finalizes the selection of a permanent CFO.

Simultaneously, the bank has elevated Jaideep Iyer, Head of Strategy, to the position of Executive Director (ED) for a three-year term, effective February 21, 2026. Iyer will succeed current ED Rajeev Ahuja, who is scheduled to retire on February 20 next year.

Iyer brings significant experience to the role, having successfully served as interim CEO between 2021 and 2022 during a transitional period when former chief Vishwavir Ahuja left the bank citing medical reasons.

IREDA Senior Management Appointments

Indian Renewable Energy Development Agency Ltd. (IREDA) has strengthened its financial management capabilities through strategic senior-level appointments. The organization has brought in Tusarkant Parida as Executive Director (Finance & Accounts), while Jagdeep Singh has assumed charge as General Manager (Finance & Accounts).

These appointments are part of IREDA's initiative to enhance its financial management framework and corporate governance structure as the renewable energy financing sector continues to expand.