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Leadership Change

TITAN · Titan Company Limited · NSE · Filed 22 Jun · 1 min read

TIDCO Withdraws Nominations; Titan's Chairperson and Two Directors Resign

Titan said co-promoter TIDCO withdrew the nominations of Chairperson Sandhya Sharma and two other non-executive directors, all of whom resigned from the Board effective 22 June 2026.

What was filed

Titan Company informed the NSE and BSE that it received a communication from TIDCO, the co-promoter of the company, regarding the withdrawal of nomination of three non-executive, non-independent directors. As a consequence, those directors resigned from the Board. The filing names them as Ms. Sandhya Sharma, IAS (Chairperson and Non-Executive, Non-Independent Director), Mr. Arun Roy, IAS, and Ms. Mariam Pallavi Baldev, IAS. All three resignations take effect 22 June 2026, per the filing.

Reason stated

For each of the three directors, the company stated the same reason: resignation due to withdrawal of nomination from TIDCO, the co-promoter. In her resignation letter, enclosed with the filing, Ms. Sandhya Sharma tendered her resignation as Chairperson and Director and thanked the Board for the courtesy and cooperation extended during her tenure. The filing marks 'Brief Profile' and 'Disclosure of relationships between directors' as Not Applicable for all three.

Directors resigning
3

The simultaneous exit of the Chairperson and two other directors, following the co-promoter TIDCO's withdrawal of their nominations, is a board-composition change at the leadership level that holders may wish to track for subsequent disclosures on succession.

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