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.

Titan Company , a prominent player in the Indian consumer goods sector, has successfully redeemed commercial papers (CPs) worth ₹2000 crore, demonstrating its commitment to meeting financial obligations on time. The company announced that it has fully paid the maturity proceeds to all holders of the CPs bearing ISIN-INE280A14484, which were issued on September 9, 2022.

Debt Management and Financial Stability

The timely redemption of these commercial papers underscores Titan Company's robust financial management and liquidity position. This move is particularly noteworthy given the significant value of the redeemed CPs, amounting to ₹2000 crore.

Financial Position Overview

To provide context on Titan Company's financial standing, let's look at some key figures from its recent balance sheet:

The company's balance sheet shows significant growth in total assets and current assets over the past year, indicating expansion and increased business activity. The growth in current liabilities, which includes short-term debt like commercial papers, aligns with the company's increased scale of operations.

Implications for Investors

The successful redemption of the ₹2000 crore commercial paper is a positive signal for investors and stakeholders. It reflects Titan Company's:

1. Strong cash flow management
2. Ability to meet short-term financial obligations
3. Prudent financial planning and execution

As Titan Company continues to grow, its ability to manage debt and maintain financial stability will be crucial for sustained investor confidence and future growth prospects.

This development, coupled with the company's robust financial metrics, suggests that Titan Company remains well-positioned in the competitive consumer goods market, with a solid financial foundation to support its ongoing operations and future initiatives.