Titan Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TITAN · price
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Titan Company Limited has announced the results of its postal ballot conducted via remote e-voting between 13th December 2025 and 11th January 2026. Shareholders approved two ordinary resolutions with overwhelming support: appointment of Mr. Ajoy Chawla (DIN: 07083700) as a Director received 99.43% votes in favor, and his appointment as Managing Director along with payment of remuneration received 98.20% in favor. Out of a total paid-up equity of 88.78 crore shares, about 85.5% of shares were voted in the exercise. The promoter group (holding 46.96 crore shares) voted 100% in favor of both resolutions, while institutional investors showed slightly more dissent on the remuneration resolution, with 5.66% voting against. The resolutions are deemed to have been passed on 11th January 2026.
This is a routine governance update confirming shareholder approval for a key leadership change. With Ajoy Chawla now formally appointed as Managing Director, investors can expect continuity in strategy and execution. The high approval percentages, including support from the promoter group, indicate strong shareholder confidence in the new leadership and provide stability to the company's management structure.