Titan Company Limited has announced the successful completion of its commercial paper redemption worth ₹1,500 crores on December 11, 2025. The company informed the BSE through a regulatory filing under SEBI Regulation 30, confirming the full settlement of its short-term debt obligations.

Commercial Paper Details

The redeemed commercial papers carried specific identifiers and terms that were fully honored by the company:

Regulatory Compliance

The redemption was conducted in accordance with SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. This circular governs the issue and listing of various debt instruments including non-convertible securities, securitised debt instruments, security receipts, municipal debt securities, and commercial papers.

Titan Company confirmed that the maturity proceeds of the commercial papers have been duly paid to all holders on the scheduled redemption date. The company has fulfilled all its obligations related to these short-term debt instruments without any delays or complications.

Corporate Communication

The notification was signed by Dinesh Shetty, General Counsel and Company Secretary of Titan Company Limited. As per standard practice, the company has made this information available on its official website at www.titancompany.in for stakeholder reference and transparency.

This redemption represents the completion of Titan's short-term financing arrangement through commercial papers, demonstrating the company's commitment to honoring its debt obligations as per the agreed terms and regulatory requirements.

Titan Company Limited has officially issued a postal ballot notice dated December 10, 2025, seeking shareholder approval for the appointment of Ajoy Chawla as Managing Director. The company has filed the notice with BSE Limited and National Stock Exchange of India Limited, marking a significant corporate governance milestone.

Postal Ballot Details

The postal ballot process encompasses two key resolutions requiring shareholder approval:

Voting Timeline and Process

Appointment Terms and Remuneration

Ajoy Chawla's proposed appointment includes comprehensive remuneration structure:

Basic Compensation

Additional Benefits

The remuneration package includes perquisites and allowances up to 200% of annual basic salary, covering accommodation, medical expenses, club memberships, company-maintained car, telecommunication facilities, and retirement benefits as per company policies.

Leadership Profile

Ajoy Chawla brings extensive experience to the Managing Director role:

Regulatory Compliance

The postal ballot notice complies with multiple regulatory frameworks including Companies Act 2013, SEBI Listing Regulations, and MCA circulars. The company has appointed V. Sreedharan Associates as scrutinizers to ensure fair and transparent voting process.

Shareholder Participation

Shareholders whose email addresses are registered with the company, depositories, or RTAs will receive electronic notices. Those with unregistered email addresses can register by December 22, 2025, at 5:00 PM through the specified process outlined in the notice.

Strategic Implications

The appointment represents continuity in leadership, with Chawla's deep understanding of Titan's operations across multiple business segments. His transition from Jewellery Division CEO to Managing Director signals the company's focus on leveraging his proven track record in scaling business operations and driving profitable growth.

The comprehensive remuneration structure, including performance-linked components and stock options, aligns leadership compensation with shareholder value creation, reflecting modern corporate governance practices.