Titan seeks shareholder approval for Ajoy Chawla as new managing director

Titan Company Limited has issued a postal ballot notice to its shareholders seeking approval for the appointment of Ajoy Chawla as an additional director and subsequently as the managing director. The appointment is proposed for a five-year term, effective from January 1, 2026, to December 31, 2030. Mr. Chawla, currently the chief executive of Titan's jewellery division, has been with the company since 1991 and previously led its watches business.

Shareholders will vote on Mr. Chawla's appointment as director and his subsequent designation as managing director, including his remuneration. His proposed basic salary will range from ₹1,200,000 to ₹2,500,000 per month, with annual increments at the board's discretion. Additionally, he will be eligible for perquisites and allowances up to 200% of his annual basic salary and a commission between 400% and 600% of his annual basic salary, subject to performance.

The remote e-voting period for this postal ballot will commence on Saturday, December 13, 2025, at 9:00 a.m. (IST) and conclude on Sunday, January 11, 2026, at 5:00 p.m. (IST). The results are expected to be announced by Tuesday, January 13, 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process.