Titan Shareholders Approve Appointment of Ajoy Chawla as Director & MD
Titan Company Limited shareholders approved the appointment of Mr. Ajoy Chawla as Director and Managing Director via postal ballot. The remote e-voting concluded on January 11, 2026. The resolutions were passed with strong majority, with approximately 99.43% in favour of his director appointment and 98.20% for his MD appointment and remuneration.
The appointment of a new Managing Director is a significant leadership change that can impact the company's strategic direction and future performance.
The company successfully passed key resolutions regarding the appointment of a new Managing Director and Director with a significant majority, indicating strong shareholder confidence.
Titan Company Limited has announced the successful conclusion of its postal ballot through remote e-voting process. The shareholders have approved two key resolutions: the appointment of Mr. Ajoy Chawla (DIN:07083700) as a Director and his subsequent appointment as the Managing Director, including the terms of his remuneration.
The remote e-voting period commenced on Saturday, December 13, 2025, at 9:00 a.m. IST and concluded on Sunday, January 11, 2026, at 5:00 p.m. IST. The resolutions were passed with the requisite majority, with the approval deemed effective as of January 11, 2026.
Mr. Ajoy Chawla's appointment as a Director was approved as an Ordinary Resolution, with 99.43% of the votes polled in favour. His appointment as Managing Director and the associated remuneration package also received approval as an Ordinary Resolution, with 98.20% of the votes polled in favour. The total number of shareholders on the record date of December 5, 2025, was 7,81,446.
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