Titan Company Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Ajoy Chawla as Managing Director. The remote e-voting process concluded on January 11, 2026, marking a significant leadership development for the Tata group company.

Postal Ballot Process Details

The postal ballot was conducted through remote e-voting process pursuant to Section 110 of the Companies Act, 2013. The voting commenced on December 13, 2025, at 9:00 AM and concluded on January 11, 2026, at 5:00 PM. The company sent the postal ballot notice dated November 3, 2025, to shareholders via email on December 10, 2025.

Resolution Results

Shareholders approved two key resolutions related to Mr. Ajoy Chawla's appointment:

Resolution 1: Appointment as Director

The first ordinary resolution for appointing Mr. Ajoy Chawla (DIN: 07083700) as Director received strong support:

Resolution 2: Appointment as Managing Director

The second resolution for appointing Mr. Chawla as Managing Director and determining his remuneration also secured approval:

Shareholder Participation

The postal ballot witnessed significant shareholder participation across all categories. The total votes polled represented 85.47% of the company's total paid-up equity capital for the Managing Director appointment resolution. Promoter and promoter group demonstrated unanimous support for both resolutions with 100% approval rates.

Scrutinizer's Report

V Sreedharan & Associates, appointed as scrutinizer, submitted their report on January 12, 2026. The scrutinizer confirmed that all votes were cast through electronic means only, with no physical postal ballot forms involved. The voting results and scrutinizer's report are available on the company's website at www.titancompany.in .

The resolutions are deemed to have been passed on January 11, 2026, being the last date specified for receipt of votes through the remote e-voting process. The company has informed both BSE Limited and National Stock Exchange of India about the successful completion of the postal ballot process.

Titan Intech Limited has announced a significant change in its board composition with the resignation of Independent Director Shri Sanjeev Sharma, effective January 10, 2026. The company informed BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Shri Sanjeev Sharma (DIN: 01364156) submitted his resignation letter on January 10, 2026, stepping down from his position as Independent Director with immediate effect. The resignation was attributed to his "increasing preoccupation with other professional commitments" as stated in the official communication to BSE.

Board Committee Impact

Following his resignation from the Board of Directors, Sharma has also stepped down from all Board Committees where he served as a member. This resignation affects the overall composition of the company's governance structure and committee memberships.

Regulatory Compliance

The company has fulfilled its disclosure obligations under multiple SEBI regulations and circulars. The announcement was made pursuant to Regulation 30 read with Schedule III - Para A (7B) of Part A of the Listing Regulations. Additionally, the disclosure complies with SEBI circulars dated July 13, 2023, and November 11, 2024.

Official Documentation

Company Secretary Mangala Sachin Savla signed the official communication to BSE Limited, confirming the resignation details and providing the required annexure with comprehensive information about the board change. The resignation letter from Sharma cited both personal and unavoidable circumstances as additional factors in his decision to step down from the directorship.