Titan Company Limited , a prominent player in the Indian consumer goods sector, has made two significant announcements that underscore its financial management and corporate governance practices.

Commercial Paper Redemption

Titan Company has successfully redeemed Commercial Papers (CPs) worth ₹225.00 crore on their maturity date. The CPs, bearing the ISIN INE280A14450, were issued on June 16 and reached maturity on August 25. In a statement to the BSE Limited, the company confirmed that all holders of these CPs have received their maturity proceeds on the due date.

This redemption was executed in full compliance with the Securities and Exchange Board of India (SEBI) operational circular requirements for non-convertible securities and commercial paper. The timely redemption of these financial instruments demonstrates Titan's commitment to meeting its short-term financial obligations and maintaining a strong financial position.

New Director Appointment

In a separate announcement, Titan Company revealed a significant change to its board composition. Mr. Puneet Chhatwal has been appointed as an Additional Director on the company's Board, effective August 28. This appointment comes following a nomination from Tata Sons Private Limited, a co-promoter of Titan Company.

Mr. Chhatwal brings a wealth of experience to Titan's board, particularly in the hospitality and tourism sectors. He currently serves as the Managing Director and Chief Executive Officer of Indian Hotels Company Limited (IHCL), a position he has held since November 2017. Under his leadership, IHCL has undergone a notable transformation, achieving both responsible and profitable growth.

Key points about Mr. Chhatwal's appointment and background include:

• He will serve as a Non-Executive, Non-Independent Director, liable to retire by rotation.
• His appointment is subject to shareholder approval, which will be sought through a postal ballot.
• Mr. Chhatwal is recognized as a leading voice in India's tourism and hospitality industry, serving as the Chairman of the National Committee of Tourism and Hospitality, CII, and Chairman of Federation of Associations in Indian Tourism & Hospitality (FAITH).
• He holds an MBA in Hospitality from ESSEC, Paris, and has completed an Advanced Management Program from INSEAD.

The company has confirmed that Mr. Chhatwal is not related to any existing Director, Key Managerial Personnel, or Promoters of Titan Company Limited.

These developments reflect Titan Company's ongoing efforts to maintain financial stability and enhance its corporate leadership. The redemption of commercial papers showcases the company's liquidity management, while the appointment of Mr. Chhatwal to the board brings valuable expertise from the hospitality sector, potentially opening new avenues for strategic growth and diversification.

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.