Titan Company logo

Titan Company MD, chairman and AGM

NSE: TITANBSE: 500114Consumer DurablesLarge Cap

Titan Company Limited · Formerly Titan Industries · Face value ₹1 · Listed Sep 1987 on BSE, Sep 2004 on NSE
Last close ₹4,337.90down ₹28.00 (0.64%)BSE ₹4,340.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹4,365.90.

28 Oct: open ₹4,340.00, high ₹4,380.60, low ₹4,270.50

52-week range of traded prices to 28 Oct 2026
₹3,667.30Low, 3 Nov 2025₹5,186.70High, 27 Aug 2026
Market cap
₹3,85,113 Cr18th largest listed
P/E
66.86
P/B
24.52
Dividend yield
0.35%
ROE
42.2%
ROCE
31.5%
Debt to equity
0.72
Volume, NSE
5,27,965

Titan Company's chairperson is Sankaran Vijayakumar and its managing director Ajoy Hiro Chawla, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 27 Jul 2026.

Titan Company board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSankaran Vijayakumar
  • Managing directorAjoy Hiro Chawla
  • Company SecretaryDinesh Shetty

12 directors6 independent1 executive5 non-executive

  • Sankaran Vijayakumar · ChairpersonNominee, non-executive · joined Jun 2026 · 3 months as independent · 2 listed boards
  • D KarthikeyanNominee, non-executive · joined Aug 2026 · 1 month as independent · 2 listed boards · 1 committee seat
  • K VivekanandanNominee, non-executive · joined Aug 2026 · 1 month as independent · 1 listed board · 1 committee seat
  • Noel Naval TataNominee, non-executive · joined Aug 2003 · 277 months as independent · 5 listed boards · 1 committee seat, 1 as chair
  • Puneet ChhatwalNominee, non-executive · joined Aug 2025 · 13 months as independent · 3 listed boards · 1 committee seat
  • Ajoy Hiro Chawla · Managing directorExecutive · joined Jan 2026 · 9 months as independent · 1 listed board · 1 committee seat
  • SanthanamIndependent · joined May 2018 · reappointed Aug 2023 · 100 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • MohanasankarIndependent · joined Jul 2019 · reappointed Jul 2024 · 86 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sandeep SinghalIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 2 listed boards · 2 as independent · 1 committee seat
  • Anil ChaudhryIndependent · joined Mar 2024 · 30 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 1 as chair
  • Shalini KapoorIndependent · joined May 2025 · 16 months as independent · 1 listed board · 1 as independent
  • Srinivasan VaradarajanIndependent · joined Apr 2026 · 6 months as independent · 1 listed board · 1 as independent · 3 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

8 directors who left
  • Mariam Pallavi Baldev, left 22 Jun 2026: Others
  • Sandhya Venugopal Sharma, left 22 Jun 2026: Others
  • Arun Roy Vijayakrishnan, left 22 Jun 2026: Others
  • Ashwani Kumar Puri, left 6 May 2026: Tenure Completion
  • Sandeep Nanduri, left 4 Jan 2026: Others
  • VENKATARAMAN KRISHNAMURTHY COIMBATORE, left 31 Dec 2025: Tenure Completion
  • P B Balaji, left 20 Aug 2025: Others
  • Sindhu Gangadharan, left 8 Jun 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 Aug 202612 of 12 present6 independent · 90 days in between
    • 8 May 202611 of 12 present6 independent

  • Audit Committee

    Chair Srinivasan Varadarajan

    Mohanasankar, Sandeep Singhal, Santhanam, D Karthikeyan

    • 7 Aug 20264 of 5 present4 independent · 91 days in between
    • 7 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Santhanam

    Noel Naval Tata, Sandeep Singhal, Mohanasankar, Shalini Kapoor, D Karthikeyan

    • 18 Sep 20265 of 6 present4 independent · 41 days in between
    • 7 Aug 20265 of 6 present4 independent · 90 days in between
    • 8 May 20265 of 6 present4 independent

  • Stakeholders Relationship Committee

    Chair Santhanam

    Ajoy Hiro Chawla, K Vivekanandan

    • 7 May 20263 of 3 present1 independent · 1 day in between

  • Risk Management Committee

    Chair Sandeep Singhal

    Mohanasankar, Shalini Kapoor, Srinivasan Varadarajan, Ajoy Hiro Chawla, K Vivekanandan, Mr. Ashok Sonthalia, Mr. Arun Narayan, Sivaram Subramoniam

    • 25 Sep 20265 of 6 present4 independent · 142 days in between

  • Corporate Social Responsibility Committee

    Chair Anil Chaudhry

    Mohanasankar, Ajoy Hiro Chawla, K Vivekanandan

    • 5 May 20264 of 4 present2 independent

  • Ethics Committee

    Chair Anil Chaudhry

    Srinivasan Varadarajan, Ajoy Hiro Chawla, K Vivekanandan

    • 5 May 20265 of 5 present3 independent

  • Executive Committee of the Board

    Santhanam, Ajoy Hiro Chawla, Shalini Kapoor, D Karthikeyan

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • BSR & Co LLPPeer-review certificate valid to May 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Titan Company AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Titan Company dividend history

Postal ballot, 17 Sep 2026

7,44,085 shareholders on the register on 7 Aug 2026; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. Appointment of Dr. D Karthikeyan, IAS (DIN:02259481) as a Director
    Ordinary
    96.77% for3.23% against

    Against: promoters 0.00% · institutions 10.07% · other public 0.05%

    Turnout: all 86.15% · promoters 100.00% · institutions 90.11% · other public 34.21%

  2. Appointment of Mr. K Vivekanandan, IAS (DIN:08168373) as a Director
    Ordinary
    98.73% for1.27% against

    Against: promoters 0.00% · institutions 3.97% · other public 0.05%

    Turnout: all 85.96% · promoters 100.00% · institutions 89.47% · other public 34.21%

  3. Approval of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026’ (“Scheme 2026”) for grant of Performance Based Stock Units to the eligible employees of Titan Company Limited Under Scheme 2026MoreLess
    Special
    97.71% for2.29% against

    Against: promoters 0.00% · institutions 7.14% · other public 0.04%

    Turnout: all 86.13% · promoters 100.00% · institutions 90.04% · other public 34.21%

  4. Approval of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026’ (“Scheme 2026”) for grant of Performance Based Stock Units to the eligible employees of Subsidiary Company(ies) of Titan Company LimitedMoreLess
    Special
    97.94% for2.06% against

    Against: promoters 0.00% · institutions 6.41% · other public 0.04%

    Turnout: all 86.13% · promoters 100.00% · institutions 90.04% · other public 34.20%

  5. Authorization for secondary acquisition of Equity Shares of Titan Company Limited by Titan Employee Stock Option Trust for implementation of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026 and providing financial assistance in this regardMoreLess
    Special
    98.30% for1.70% against

    Against: promoters 0.00% · institutions 5.29% · other public 0.05%

    Turnout: all 86.13% · promoters 100.00% · institutions 90.04% · other public 34.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jul 2026, 5 resolutions

7,50,481 shareholders on the register on 20 Jul 2026; present: 6 promoters and 78 others; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.16% · other public 0.00%

    Turnout: all 85.38% · promoters 100.00% · institutions 88.05% · other public 32.89%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 85.38% · promoters 100.00% · institutions 88.05% · other public 32.89%

  3. To declare dividend of Rs. 15.00 per equity share of face value of Re. 1 each on equity shares for the Financial Year ended 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.91% · promoters 100.00% · institutions 89.77% · other public 32.89%

  4. To appoint a director in place of Mr. Noel Naval Tata (DIN: 00024713), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks reappointment
    Ordinary
    97.36% for2.64% against

    Against: promoters 0.00% · institutions 8.21% · other public 0.00%

    Turnout: all 85.90% · promoters 100.00% · institutions 89.74% · other public 32.89%

  5. Appointment of Dr. S. Vijayakumar, IAS (DIN: 01764064) as Director of the Company
    Ordinary
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 2.78% · other public 0.00%

    Turnout: all 85.87% · promoters 100.00% · institutions 89.64% · other public 32.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Jun 2026, 1 resolution

7,71,863 shareholders on the register on 15 May 2026; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. Appointment of Mr. Srinivasan Varadarajan (DIN: 00033882) as an Independent Director
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.67% · other public 0.01%

    Turnout: all 85.96% · promoters 100.00% · institutions 90.14% · other public 32.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Mar 2026, 1 resolution

7,69,028 shareholders on the register on 13 Feb 2026; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. Appointment of Ms. Sandhya Venugopal Sharma, IAS (DIN:08445015) as a Director
    Ordinary
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 3.90% · other public 0.03%

    Turnout: all 85.47% · promoters 100.00% · institutions 88.86% · other public 32.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Jan 2026, 2 resolutions

7,81,446 shareholders on the register on 5 Dec 2025; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. Appointment of Mr. Ajoy Chawla as a Director
    Ordinary
    99.43% for0.57% against

    Against: promoters 0.00% · institutions 1.78% · other public 0.02%

    Turnout: all 85.51% · promoters 100.00% · institutions 89.38% · other public 32.27%

  2. Appointment of Mr. Ajoy Chawla as the Managing Director and payment of remuneration
    Ordinary
    98.20% for1.80% against

    Against: promoters 0.00% · institutions 5.66% · other public 0.03%

    Turnout: all 85.47% · promoters 100.00% · institutions 89.25% · other public 32.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Oct 2025, 2 resolutions

8,12,461 shareholders on the register on 12 Sep 2025; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. Re-appointment of Mr. Sandeep Singhal (DIN: 00422796) as an Independent Director
    SpecialPromoters have an interest in it
    99.13% for0.87% against

    Against: promoters 0.00% · institutions 2.69% · other public 0.09%

    Turnout: all 85.89% · promoters 100.00% · institutions 90.94% · other public 32.24%

  2. Appointment of Mr. Puneet Chhatwal (DIN: 07624616) as a Director
    Ordinary
    98.75% for1.25% against

    Against: promoters 0.00% · institutions 3.88% · other public 0.10%

    Turnout: all 85.89% · promoters 100.00% · institutions 90.94% · other public 32.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Jul 2025, 6 resolutions

8,44,155 shareholders on the register on 15 Jul 2025; present: 6 promoters and 77 others; votes counted by Pradeep B Kulkarni / V Sreedharan & Associates.The company's voting result

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.02%

    Turnout: all 84.63% · promoters 100.00% · institutions 87.81% · other public 30.86%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Report of the Auditors thereon.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.02%

    Turnout: all 84.63% · promoters 100.00% · institutions 87.81% · other public 30.86%

  3. To declare dividend of Rs. 11/- per equity share of face value of Re. 1/- each on equity shares for the Financial Year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 85.48% · promoters 100.00% · institutions 90.62% · other public 30.86%

  4. To appoint a director in place of Ms. Mariam Pallavi Baldev, IAS (DIN: 09281201), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    77.76% for22.24% against

    Against: promoters 0.00% · institutions 74.09% · other public 0.05%

    Turnout: all 83.03% · promoters 100.00% · institutions 82.48% · other public 30.86%

  5. Appointment of Ms. Shalini Kapoor (DIN: 06742551) as an Independent Director
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.03%

    Turnout: all 85.48% · promoters 100.00% · institutions 90.61% · other public 30.86%

  6. Appointment of M/s. BMP & Co. LLP, as Secretarial Auditors
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.02%

    Turnout: all 85.48% · promoters 100.00% · institutions 90.61% · other public 30.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Dec 2024, 1 resolution
  1. APPOINTMENT OF MR. P B BALAJI (DIN: 02762983) AS A DIRECTOR
    Ordinary
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 6.23% · other public 0.02%

    Turnout: all 84.01% · promoters 100.00% · institutions 87.60% · other public 29.90%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 17 Sep 2026, 43 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Appointment of Dr. D Karthikeyan, IAS (DIN:02259481) as a Director
    42 for0 against
  • Appointment of Mr. K Vivekanandan, IAS (DIN:08168373) as a Director
    43 for0 against
  • Approval of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026’ (“Scheme 2026”) for grant of Performance Based Stock Units to the eligible employees of Titan Company Limited Under Scheme 2026MoreLess
    Against Angel One Mutual Fund, Choice Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundThe scheme provides discretion to the Committee to decide the Exercise Period other than mentioned in the Notice. Such discretion does not align with the intended purpose of the law. Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • Choice Mutual FundNRC has discretion to determine /decide the Exercise Period.
    • Groww Mutual Fund, PGIM India Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: The scheme provides discretion to the Committee to decide the Exercise Period other than mentioned in the Notice. Such discretion does not align with the intended purpose of the law. Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • HDFC Mutual FundPSUs are being granted at a significant discount to market price. In the case of deeply discounted performance stock units, there is no alignment between the interests of investors and those of employees. We do not support the resolution.
    37 for5 against
  • Approval of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026’ (“Scheme 2026”) for grant of Performance Based Stock Units to the eligible employees of Subsidiary Company(ies) of Titan Company LimitedMoreLess
    Against Angel One Mutual Fund, Choice Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundThe scheme provides discretion to the Committee to decide the Exercise Period other than mentioned in the Notice. Such discretion does not align with the intended purpose of the law. Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • Choice Mutual FundInterlinked with Resolution #3.
    • Groww Mutual Fund, PGIM India Mutual FundCompliance, Governance and Transparency Concern: Interlinked with resolution #3.
    • HDFC Mutual FundThrough resolution #4, the company seeks approval for extending the benefits of the scheme to employees of the subsidiary companies. Our view on this resolution is linked to our view on resolution #3. We do not support the resolution.
    37 for5 against
  • Authorization for secondary acquisition of Equity Shares of Titan Company Limited by Titan Employee Stock Option Trust for implementation of ‘Titan Company Limited Performance Based Stock Unit Scheme, 2026 and providing financial assistance in this regardMoreLess
    Against Angel One Mutual Fund, Choice Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundThe scheme provides discretion to the Committee to decide the Exercise Period other than mentioned in the Notice. Such discretion does not align with the intended purpose of the law. Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • Choice Mutual FundInterlinked with Resolution #3.
    • Groww Mutual Fund, PGIM India Mutual FundCompliance, Governance and Transparency Concern: Interlinked with resolution #3.
    • HDFC Mutual FundThrough resolution #5, the company seeks approval to acquire up to equity shares by way of secondary acquisition for implementation of PSU 2026 through the trust route. Our view on this resolution is linked to our view on resolution #3. We do not support the resolution.
    38 for5 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 27 Jul 2026, 43 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    42 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Report of the Auditors thereon
    42 for0 against
  • To declare dividend of Rs. 15.00 per equity share of face value of Re. 1 each on equity shares for the Financial Year ended 31st March 2026
    42 for0 against
  • To appoint a director in place of Mr. Noel Naval Tata (DIN: 00024713), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks reappointment
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted as the nominee sits on more than four public company boards and is considered overboarded.
    43 for1 against
  • Appointment of Dr. S. Vijayakumar, IAS (DIN: 01764064) as Director of the Company
    43 for0 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 23 Jun 2026, 44 fund houses

1 proposal
  • Appointment of Mr. Srinivasan Varadarajan (DIN: 00033882) as an Independent Director
    44 for0 against

Mutual fund votes, meeting of 23 Mar 2026, 44 fund houses

1 proposal
  • Appointment of Ms. Sandhya Venugopal Sharma, IAS (DIN:08445015) as a Director
    44 for0 against

Mutual fund votes, meeting of 11 Jan 2026, 44 fund houses

3 proposals

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Appointment of Mr. Ajoy Chawla as a Director
    43 for0 against
  • Appointment of Mr. Ajoy Chawla as the Managing Director and payment of remuneration
    Against Axis Mutual Fund, Bank of India Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundAjoy Chawla, 58, is the Chief Executive Officer of Titan’s Jewellery Division. The company proposes appointing him as Managing Director from 1 January 2026 to 30 December 2030. We estimate Ajoy Chawla’s cash pay at Rs. 115.2 mn for FY27. However, we are unable to estimate his overall remuneration since the company has not disclosed the details of stock options proposed to be granted to him during his tenure as Managing Director. We believe the company should disclose the quantum of stock options proposed to be granted to directors over their tenure. In the absence of such disclosure, we are unable to make a reasonable estimate of the total proposed remuneration. While we support his appointment, we are unable to support the resolution given the lack of clarity about the remuneration terms.
    • Invesco Mutual FundAjoy Chawla, 58, is the Chief Executive Officer of Titan’s Jewellery Division. The company proposes appointing him as Managing Director from 1 January 2026 to 30 December 2030. We estimate Ajoy Chawla’s cash pay at Rs. 115.2 mn for FY27. However, we are unable to estimate his overall remuneration since the company has not disclosed the details of stock options proposed to be granted to him during his tenure as Managing Director. We believe the company should disclose the quantum of stock options proposed to be granted to directors over their tenure. In the absence of such disclosure, we are unable to make a reasonable estimate of the total proposed remuneration. While we support his appointment, we are unable to support the resolution given the lack of clarity about the remuneration terms. This is in line with our ESG framework.
    37 for7 against
1 proposal not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 22 Oct 2025, 39 fund houses

3 proposals

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. Sandeep Singhal (DIN: 00422796) as an Independent Director
    38 for0 against
  • Appointment of Mr. Puneet Chhatwal (DIN: 07624616) as a Director
    39 for0 against
1 proposal not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 22 Jul 2025, 38 fund houses

10 proposals

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    37 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Report of the Auditors thereon.
    37 for0 against
  • To declare dividend of Rs. 11/- per equity share of face value of Re. 1/- each on equity shares for the Financial Year ended 31st March 2025.
    37 for0 against
  • To appoint a director in place of Ms. Mariam Pallavi Baldev, IAS (DIN: 09281201), who retires by rotation and being eligible, offers herself for re-appointment.
    Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Canara Robeco Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, PGIM India Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, UTI Mutual Fund, WhiteOak Capital Mutual Fund, Zerodha Mutual Fund
    • 360 One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundRe-appointment compliant with law. Governance Concern: Poor Attendance Performance in Board & Committee Meetings (without any justification)
    • Angel One Mutual FundGovernance Concern: Poor Attendance Performance in Board & Committee Meetings (without any justification).
    • Axis Mutual Fund, Canara Robeco Mutual Fund, Mahindra Manulife Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, UTI Mutual FundMs. Mariam Pallavi Baldev, 45, is an IAS Officer and serves as the Special Secretary in the Industries, Investment Promotion & Commerce Department, Government of Tamil Nadu. She is the nominee of Tamil Nadu Industrial Development Corporation Limited (TIDCO), which is part of the promoter group, holding 27.88% in Titan Company Limited (31 March 2025). She has attended two out of seven (29%) board meetings held in FY25 and 12 out of 19 (63%) board meetings held since her appointment on 4 January 2023. We expect directors to attend a tleast 75% of the board meetings over a three-year period. Thus, we do not support her reappointment to the board.
    • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because Mariam Pallavi Baldev has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • HSBC Mutual FundA vote AGAINST the following nominees is warranted because: Mariam Pallavi Baldev has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • Invesco Mutual FundMs. Mariam Pallavi Baldev, 45, is an IAS Officer and serves as the Special Secretary in the Industries, Investment Promotion & Commerce Department, Government of Tamil Nadu. She is the nominee of Tamil Nadu Industrial Development Corporation Limited (TIDCO), which is part of the promoter group, holding 27.88% in Titan Company Limited (31 March 2025). She has attended two out of seven (29%) board meetings held in FY25 and 12 out of 19 (63%) board meetings held since her appointment on 4 January 2023. We expect directors to attend a tleast 75% of the board meetings over a three-year period. Thus, we do not support her reappointment to the board. We do not support the resolution. This is in line with our ESG framework.
    • Nippon India Mutual FundGovernance Concern: Poor Attendance Performance in Board & Committee Meetings (without any justification)
    • PGIM India Mutual FundPoor Attendance Performance in Board & Committee Meetings (without any justification)
    • PPFAS Mutual FundPoor Attendance Performance in Board & Committee Meetings (without any justification).
    • WhiteOak Capital Mutual FundMs. Mariam Pallavi Baldev, 45, is an IAS Officer and serves as the Special Secretary in the Industries, Investment Promotion & Commerce Department, Government of Tamil Nadu. She has attended two out of seven (29%) board meetings held in FY25 and 12 out of 19 (63%) board meetings held since her appointment on 4 January 2023. In light of her low participation in board meetings, we do not support her reappointment to the board.
    14 for24 against
  • Appointment of Ms. Shalini Kapoor (DIN: 06742551) as an Independent Director
    37 for0 against
  • Appointment of M/s. BMP & Co. LLP, as Secretarial Auditors
    Against Groww Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual FundCompliant with law. Transparency concern: Remuneration of outgoing auditor not disclosed, thus material change, if any with proposed audit fee cannot be ascertained
    • PGIM India Mutual FundAudit fees paid to previous auditors not disclosed, unable to determine if there is any material change in Auditors remuneration
    36 for2 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 25 Dec 2024, 35 fund houses

1 proposal
  • APPOINTMENT OF MR. P B BALAJI (DIN: 02762983) AS A DIRECTOR
    35 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtSwelect Sunpower Plus Private LimitedSince 1 Sep 2026

    13.90% bought in the quarter; holding 13.90%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
2227Dec 242027Mar 253021Jun 253332Sep 253238Dec 253741Mar 264645Jun 265246Sep 26

Open at the quarter's end

7Dec 240Mar 259Jun 2510Sep 254Dec 250Mar 261Jun 267Sep 26
At most 10 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.