News Stocks Titan Company Shareholders Approve Ajoy Chawla's Appointment as Managing Director Through Postal BallotTitan Company Shareholders Approve Ajoy Chawla's Appointment as Managing Director Through Postal Ballot
Titan Company Limited successfully completed its postal ballot process with shareholders approving Mr. Ajoy Chawla's appointment as Director (99.43% approval) and Managing Director (98.20% approval). The e-voting process concluded on 11th January 2026, with strong participation across all shareholder categories and full regulatory compliance.
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Titan Company Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders decisively approving the appointment of Mr. Ajoy Chawla (DIN: 07083700) as Director and Managing Director. The voting process, which commenced on 13th December 2025 and concluded on 11th January 2026, demonstrated strong shareholder confidence in the leadership appointment.
Voting Process and Timeline
The company conducted the postal ballot in accordance with Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The remote e-voting facility was available to shareholders from 9:00 a.m. on 13th December 2025 to 5:00 p.m. on 11th January 2026. The resolutions were deemed passed on 11th January 2026, being the last date for vote receipt.
| Parameter: | Details |
|---|---|
| Notice Date: | 3rd November 2025 |
| Record Date: | 5th December 2025 |
| Total Shareholders: | 7,81,446 |
| Voting Period: | 13th Dec 2025 - 11th Jan 2026 |
Resolution Results and Shareholder Participation
Both resolutions received overwhelming support from shareholders across all categories. The first resolution for Mr. Chawla's appointment as Director achieved 99.43% approval, while the second resolution for his appointment as Managing Director with remuneration garnered 98.20% support.
Resolution 1: Appointment as Director
| Category: | Votes Polled | Votes in Favor | Approval Rate |
|---|---|---|---|
| Promoter Group: | 46,96,01,920 | 46,96,01,920 | 100.00% |
| Public Institutions: | 24,19,34,170 | 23,76,30,559 | 98.22% |
| Public Non-Institutions: | 4,75,98,507 | 4,75,86,835 | 99.98% |
| Total: | 75,91,34,597 | 75,48,19,314 | 99.43% |
Resolution 2: Appointment as Managing Director
| Category: | Votes Polled | Votes in Favor | Approval Rate |
|---|---|---|---|
| Promoter Group: | 46,96,01,920 | 46,96,01,920 | 100.00% |
| Public Institutions: | 24,15,75,217 | 22,79,00,162 | 94.34% |
| Public Non-Institutions: | 4,75,98,250 | 4,75,82,793 | 99.97% |
| Total: | 75,87,75,387 | 74,50,84,875 | 98.20% |
Shareholder Participation Analysis
The postal ballot witnessed significant participation from institutional and retail investors. Public institutions showed 89.38% participation for the first resolution and 89.25% for the second resolution. Public non-institutional shareholders maintained consistent participation at 32.27% for both resolutions. The promoter group demonstrated complete participation with 100% voting across both resolutions.
Regulatory Compliance and Documentation
The company has filed the voting results with BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report, prepared by Pradeep B Kulkarni of V Sreedharan & Associates, confirmed the validity of the voting process and results. All voting records and the scrutinizer's report are available on the company's website at www.titancompany.in .
Historical Stock Returns for Titan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.06% | +5.11% | +1.50% | +21.15% | +18.62% | +174.34% |
