Titan Company Limited has announced the resignation of three Non-Executive, Non-Independent Directors. This action follows the withdrawal of nominations by TIDCO, a Co-Promoter of the company. The directors stepping down are Ms. Sandhya Sharma, Mr. Arun Roy, and Ms. Mariam Pallavi Baldev. Their resignations are effective from June 22, 2026, impacting the composition of the Board.
Board Changes at Titan Company
Titan Company Limited has officially notified the stock exchanges regarding the resignation of three Non-Executive, Non-Independent Directors from its Board. This development stems from a communication received from TIDCO, identified as a Co-Promoter of the company, concerning the withdrawal of their nominations for these directorial positions. Consequently, the affected directors have tendered their resignations.
Departing Directors and Effective Date
The directors who have resigned are:
- Ms. Sandhya Sharma (DIN: 08445015), who held the position of Chairperson & Non-Executive, Non-Independent Director.
- Mr. Arun Roy (DIN:01726117), Non-Executive, Non-Independent Director.
- Ms. Mariam Pallavi Baldev (DIN: 09281201), Non-Executive, Non-Independent Director.
All three resignations are effective from June 22, 2026.
Reason for Resignation
The primary reason cited for these resignations is the withdrawal of nominations by TIDCO. Further details regarding the disclosures required under SEBI LODR and the individual resignation letters from the directors have been provided as Annexures A and B to the company’s announcement.
Source: BSE
