Tilaknagar Industries Ltd. has announced a significant leadership change in its human resources function with the appointment of Ms. Ina Bajwa as Chief People Officer, effective March 09, 2026. The appointment was approved by the Board of Directors through a Circular Resolution based on the recommendation of the Nomination and Remuneration Committee.

Leadership Transition Details

The appointment brings about a strategic reorganization of the company's HR leadership structure. As part of this transition, Mr. Ameya Deshpande will cease to oversee the Human Resources function but will continue to serve as the Chief Strategy Officer.

Professional Background and Expertise

Ms. Ina Bajwa brings 22 years of comprehensive experience in human resources across diverse sectors including retail, e-commerce, technology, banking, consulting, and infrastructure in both Indian and global organizations. Her career highlights include significant leadership roles within the Tata Group, where she served as CHRO of Tata 1mg, Chief Talent Officer at Tata Digital, and held senior HR positions at Tata Communications.

In these roles, she partnered closely with CEOs and CXOs on growth initiatives, transformation projects, and organization effectiveness. Most recently, she served as Group Head of Talent & Engagement for Landmark Group Middle East, where she was responsible for CEO and Executive Succession planning and talent management strategy across 9 retail brands.

Educational Qualifications and Certifications

Ms. Bajwa holds strong academic credentials and professional certifications that complement her extensive experience:

• PGDM in HR from KJ Somaiya Institute of Management & Research
• Bachelor's degree in communications & economics from Panjab University
• Alumni of the Tata Group Strategic Leadership Program at Harvard Business School
• Multiple professional certifications in talent management & assessments
• Executive coaching certifications

Core Competencies

Her expertise encompasses critical areas of human resource management including talent and succession management, leadership development, organization design, performance and rewards systems, workforce planning, culture transformation, and HR digitization. She has demonstrated capability in leading large, multi-cultural teams across different geographical locations.

Regulatory Compliance

The appointment has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements for senior management appointments.

Tilaknagar Industries promoter Shivani Amit Dahanukar has pledged an additional 6,50,000 equity shares to Avendus Finance Private Limited, as disclosed in a regulatory filing dated February 11, 2026. The pledge was created on February 02, 2026, for loan purposes under the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Details and Impact

The creation of this pledge significantly increases Dahanukar's total encumbered shareholding in the company. Her post-event holding of pledged shares now stands at 2,91,73,858 shares, representing 11.80% of the total share capital, compared to the previously encumbered 2,85,23,858 shares (11.54%).

Promoter Holdings Overview

Shivani Amit Dahanukar currently holds 3,29,76,043 shares in Tilaknagar Industries, representing 13.34% of the total share capital. The disclosure also provides details of other promoter and promoter group holdings as of the reporting date.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Tilaknagar Industries' shares are listed on BSE Limited (Scrip Code: 507205) and National Stock Exchange of India Limited (Symbol: TI). The company maintains its registered office at 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai-400020.