Titan Company Limited has disclosed the results of a postal ballot conducted through a remote e-voting process. The ballot sought shareholder approval for a single resolution.
Nature of the Event
The disclosure is a regulatory filing pursuant to Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the stock exchanges of the voting results for a postal ballot.
Key Resolution and Outcome
The resolution was for the "Appointment of Mr. Srinivasan Varadarajan (DIN: 00033882) as an Independent Director". It was passed as a Special Resolution with requisite majority. The resolution is deemed to have been passed on 23rd June 2026, the last date of the e-voting period.
Voting Process Details
- The Notice of Postal Ballot was dated 21st May 2026.
- The cut-off date (record date) for determining shareholder eligibility to vote was 15th May 2026. The total number of shareholders on this date was 771,863.
- The remote e-voting commenced on Monday, 25th May 2026 at 09:00 a.m. IST and concluded on Tuesday, 23rd June 2026 at 05:00 p.m. IST.
- The voting was conducted entirely through remote e-voting; no physical polling or postal ballot forms were used.
Detailed Voting Results
- Total Share Capital: 887,786,160 shares
- Total Votes Polled: 763,139,610 shares (85.9598% of total share capital)
- Total Votes in Favor: 761,479,334 shares (99.7824% of votes polled)
- Total Votes Against: 1,660,276 shares (0.2176% of votes polled)
- Invalid Votes: 0
Category-wise Breakdown:
- Promoter and Promoter Group: Held 469,601,920 shares. All shares (100%) were voted, all (100%) in favor of the resolution.
- Public Institutions: Held 272,695,047 shares. 245,813,688 shares (90.1423% of held) were voted. 244,160,352 votes (99.3274%) were in favor and 1,653,336 votes (0.6726%) were against.
- Public Non-Institutions: Held 145,489,193 shares. 47,724,002 shares (32.8024% of held) were voted. 47,717,062 votes (99.9855%) were in favor and 6,940 votes (0.0145%) were against.
The promoters were not interested in this resolution.
Scrutinizer's Report
The scrutinizer for the process was V Sreedharan & Associates, specifically Partner Pradeep B Kulkarni (FCS: 7260; CP No.7835). They were appointed in a board meeting held on 24th and 25th March 2026. The scrutinizer confirmed that the e-voting process was scrutinized and the results are valid. All e-registers and records have been emailed to the Company Secretary for safe custody.
Documents and Availability
The following documents were referenced as enclosed with the filing:
- Annexure – 1: The voting results in the prescribed format.
- Annexure – 2: The Scrutinizer's Report dated 24th June 2026, prepared pursuant to Section 108 of the Companies Act, 2013.
Both documents are also available on the company's website at www.titancompany.in.