Titan Company MD, chairman, board of directors and AGM

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

• 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

• 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

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

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

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

Mutual fund votes, meeting of 22 Jul 2025, 38 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 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

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

• APPOINTMENT OF MR. P B BALAJI (DIN: 02762983) AS A DIRECTOR

  35 for0 against