The board of directors of Titan Company Limited meeting held on October 17, 2023, noted the letter dated 16 October 2023 received from Tamilnadu Industrial Development Corporation Limited (TIDCO), co-promoter of the Company, communicating the following: The Board took note of the resignation of Mr. S Krishnan, IAS, nominee of TIDCO as a Director of the Company, with effect from 17 October 2023. The Board took note of the nomination of Mr. Arun Roy, IAS, Secretary, Industries Investment Promotion and Commerce Department, Tamil Nadu Government as Chairman and Additional Director on the Board of the Company in place of Mr. S Krishnan, IAS with effect from 17th October 2023 and accordingly the Board approved the same. Mr. Arun Roy will hold office as a Director liable to retire by rotation, effective 17th October 2023, and the approval of the shareholders as required under the Listing Regulations would be obtained within the period prescribed under the SEBI Regulations.

Mr. Arun Roy, IAS has been appointed as Chairman and Additional Director on the Board of the Company as Nominee of Tamilnadu Industrial Development Corporation Limited. Term of Appointment - Mr. Arun Roy will hold office as a Non-Executive, Non-Independent Director, liable to retire by rotation, subject to the approval of the shareholders of the Company as required under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Mr. Arun Roy is a 2003 batch IAS Officer who has held many key positions in various departments in the Government of Tamil Nadu.

Earlier, Mr. V Arun Roy served as the Secretary, Micro, Small and Medium Enterprises Department of the Tamil Nadu Government and held positions as the State Commissioner for the Differently-Abled and Deputy Secretary to Government Finance Department, Managing Director, Chennai Metropolitan Water Supply and Sewerage Board and Registrar, Tamilnadu National Law School. He is also on the Board of several other investee companies of Tamil Nadu Government.