Completion of Tenure of Independent Director
TITAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Titan Company Ltd has announced that Mr. Ashwani Puri has completed his second term of five consecutive years as an Independent Director, effective 6th May 2026. Mr. Puri's DIN was 00160662 and he served two full five-year terms as permitted under SEBI regulations. This is a routine governance event where an independent director's maximum permissible tenure has ended, not a resignation or removal. The company has provided the required disclosure under SEBI Listing Regulations. No immediate replacement has been announced in this filing.
This is a standard tenure completion with no governance concerns. The board will need to appoint a new independent director to maintain the required board composition. Until replaced, the board composition may have fewer independent directors than regulatory requirements mandate.