Titan Company Limited , a prominent player in the Indian consumer goods sector, has announced the results of its recent postal ballot, revealing strong shareholder support for key board appointments. The e-voting process, which concluded on October 22, 2025, saw shareholders approving two significant resolutions.

Board Appointment Results

The postal ballot, conducted through remote e-voting, sought shareholder approval for two crucial resolutions:

1. Re-appointment of Mr. Sandeep Singhal as an Independent Director

   • Approved as a Special Resolution
   • Voting Result: 99.13% votes in favor

2. Appointment of Mr. Puneet Chhatwal as a Director

   • Approved as an Ordinary Resolution
   • Voting Result: 98.75% votes in favor

Voting Process Details

Voting Breakdown

Resolution 1: Re-appointment of Mr. Sandeep Singhal

Resolution 2: Appointment of Mr. Puneet Chhatwal

The strong approval rates for both resolutions indicate significant shareholder confidence in the company's board appointments. Mr. Sandeep Singhal's re-appointment as an Independent Director and Mr. Puneet Chhatwal's appointment as a Director have been met with overwhelming support across all shareholder categories.

Titan Company has stated that the voting results and the scrutinizer's report are available on the company's website for public viewing, ensuring transparency in the voting process.

These appointments come at a time when corporate governance and board composition are increasingly under scrutiny, making the strong shareholder support particularly noteworthy for Titan Company's corporate strategy and investor relations.

Titan , the parent company of Tanishq, is experiencing a significant uptick in demand for its jewellery products, even as gold prices reach new heights. The surge in demand comes at a time when gold prices have touched Rs 1,30,000 per 10 grams, a level that would typically dampen consumer interest.

Demand Resurgence

According to Ajoy Chawla, CEO of Tanishq, the company witnessed a slow start to sales but has since seen a robust return in volume growth. This resurgence is attributed to customers who were initially waiting for price corrections but have now decided to make their purchases.

Product Preferences

The company is observing particularly strong demand in two key areas:

1. Gold coins
2. Gold bars

This trend is driven by a combination of investment interest and a fear of missing out (FOMO) among customers who anticipate further price increases.

Supply Concerns

While Tanishq has made adequate preparations to meet the surge in demand, Chawla expressed some concerns about potential stock shortages. This apprehension stems from a reported bullion shortage in the country, which could impact the availability of raw materials for jewellery production.

Upcoming Financial Results

Titan has scheduled a board meeting for November 3 to consider and approve the unaudited financial results for the quarter and half-year ended September 30. This meeting, as announced in a filing to the stock exchanges, will provide further insights into the company's performance during this period of increased demand.

Market Implications

The surge in jewellery demand, despite high gold prices, suggests a strong consumer sentiment in the luxury goods sector. It also indicates that gold continues to be viewed as a valuable investment, even at elevated price levels. For investors, this trend may signal potential growth opportunities in the jewellery retail sector, particularly for established brands like Tanishq that can navigate supply challenges effectively.

As the festive season progresses, it will be interesting to see how Tanishq and other jewellery retailers balance the high demand with potential supply constraints, and how this impacts their financial performance in the coming quarters.