Titan Company Limited , a prominent player in India's consumer goods sector, has announced a significant addition to its leadership team. The company has appointed Mr. Puneet Chhatwal as an Additional Director on its Board, effective August 28, 2025. This strategic move comes as a result of a nomination from Tata Sons Private Limited, a co-promoter of Titan Company.

Board Approval and Appointment Details

The appointment was approved through a Circular Resolution dated August 22, 2025, which received the requisite majority approval on August 25, 2025. Mr. Chhatwal will serve as a Non-Executive, Non-Independent Director on Titan's Board and will be liable to retire by rotation.

Shareholder Approval Process

Titan Company has announced that shareholder approval for Mr. Chhatwal's appointment will be sought through a Postal Ballot. The company plans to communicate the details of this process in due course, ensuring compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Puneet Chhatwal's Professional Background

Mr. Chhatwal brings a wealth of experience from the hospitality sector to Titan's Board. He has been serving as the Managing Director and Chief Executive Officer of Indian Hotels Company Limited (IHCL) since November 2017. Under his leadership, IHCL has undergone a remarkable transformation, achieving responsible and profitable growth. This turnaround has been so significant that it became a case study at Harvard Business School, titled 'Leading Transformation at IHCL'.

Industry Leadership and Recognition

In addition to his role at IHCL, Mr. Chhatwal holds key positions in the tourism and hospitality industry:

• Chairman of the National Committee of Tourism and Hospitality at the Confederation of Indian Industry (CII)
• Chairman of the Federation of Associations in Indian Tourism & Hospitality (FAITH)

His contributions to the industry were recently recognized when IHCL was awarded the Turnaround Star at Forbes India Leadership Awards (FILA) 2025.

Educational Background

Mr. Chhatwal's educational qualifications include:

• Graduate of Delhi University
• Graduate of Institute of Hotel Management, Delhi
• MBA in Hospitality from ESSEC, Paris
• Advanced Management Program from INSEAD

Regulatory Compliance

Titan Company has confirmed that Mr. Chhatwal is not related to any Director, Key Managerial Personnel, or Promoters of the company. Furthermore, he is not debarred from accessing the capital markets or restrained from holding directorship positions in any listed company by SEBI or any other regulatory authority.

This appointment marks a significant step for Titan Company, bringing in expertise from the hospitality sector to its diverse consumer goods portfolio. As the company continues to evolve in the dynamic Indian market, Mr. Chhatwal's experience and industry insights could prove valuable in shaping its future strategies and growth initiatives.

Titan Company Limited , a prominent player in the Indian consumer goods sector, has announced a significant change in its board composition. P B Balaji, who served as a Non-Executive Non-Independent Director, has stepped down from his position, effective August 20, 2025.

Resignation Details

In a regulatory filing to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), Titan Company disclosed that Mr. Balaji's resignation was due to additional commitments that have recently arisen, preventing him from dedicating sufficient time to his role as a Board Member of the Company.

Board's Response

Mr. Arun Roy, Chairman of the Board at Titan Company, received Mr. Balaji's resignation letter. In his communication, Mr. Balaji expressed his gratitude for the opportunity to serve on the board and extended his best wishes for the company's future success.

Titan's Disclosure

As per the regulatory requirements, Titan Company has provided the necessary disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that there were no other material reasons for Mr. Balaji's resignation beyond what was mentioned in his resignation letter.

Impact and Future Outlook

While the departure of a board member can be significant for any company, Titan has not provided any immediate information regarding a replacement for Mr. Balaji or any potential impact on the company's operations or strategy.

Upcoming Investor Meetings

In a separate announcement, Titan Company also disclosed its schedule for upcoming analyst and institutional investor meetings. The company has planned two meetings in August 2025:

1. August 26, 2025: A one-on-one meeting with First Seniter Investor Group (FSSA)
2. August 29, 2025: A group meeting with Koda Capital ASK Investments

These meetings, which will be held physically, demonstrate Titan's ongoing commitment to investor relations and transparency. The company has assured that no price-sensitive information or forward-looking statements will be disclosed during these meetings.

Titan Company Limited, known for its strong presence in the watch, jewelry, and eyewear segments, continues to navigate the dynamic consumer goods market. As the company moves forward, stakeholders will be keen to observe any further changes in its leadership structure and strategic direction.