PropShare Titania Issues Corrigendum on Corporate Governance Report for March 2026
Propshare Titania, second scheme of Property Share Investment Trust, has issued a corrigendum to its Compliance Report on Corporate Governance covering the quarter and year ended March 31, 2026. The correction addresses an inadvertent detail in Part A of the previous report regarding the relationship between the Chairperson and the Chief Executive Officer (CEO).The company confirmed that the response provided for the disclosure "Whether Chairperson is related to Managing Director or CEO" had been erroneously stated as "Not Applicable." The corrigendum clarifies that this statement was incorrect, confirming that the Chairperson in question also holds the position of Chief Executive Officer.
Governance Structure and Committee Composition
The Compliance Report details the composition of the Board of Directors and associated committees for PropShare Titania.Board of Directors Composition:
The Board includes members such as Hashim Qadeer Khan (Chairperson/Non-Independent Director), Kunal Moktan (Non-Independent Director), Jagdish Chandra Sharma (Independent Director), Rachna Dikshit (Woman Independent Director), and Ramakrishnan Seshan (Independent Director).
Committee Oversight:
PropShare Titania operates several key committees as of the reporting period:
| Committee Name | Chairperson Role/Director | Status |
|---|---|---|
| Audit Committee | Jagdish Chandra Sharma (Chairman - Independent Director) | Appointed |
| Nomination and Remuneration Committee | Rachna Dikshit (Chairperson - Independent Director) | Appointed |
| Risk Management Committee | Hashim Qadeer Khan (Chairperson - Non-Independent Director) | Appointed |
| Stakeholders' Relationship Committee | Jagdish Chandra Sharma (Chairman - Independent Director) | Appointed |
Board and Committee Meeting Activity
The reporting period reflected multiple meetings of the Board of Directors, with activity recorded in January and March 2026. The board maintained a high level of oversight through committee meetings:| Committee Name | Date(s) of Meeting | Quorum Status | Number of Independent Directors Present |
|---|---|---|---|
| Audit Committee | January 8, 2026 | Yes | 2 |
| Nomination and Remuneration Committee | January 16, 2026 | Yes | 3 |
| Risk Management Committee | January 16, 2026 | Yes | 1 |
| Stakeholders' Relationship Committee | January 16, 2026 | Yes | 1 |
Annual Affirmations and Compliance Status
The report affirmed compliance across various governance areas. The composition of the Board of Directors and its committees was deemed in accordance with stipulated regulations.Key affirmations included:
- Independent Directorship: Independent directors have been appointed based on specified criteria.
- Board Meetings: The requisite meetings of the board of directors were conducted, meeting quorum requirements.
- Committee Compliance: All governance committees, including Audit, Nomination & Remuneration, Risk Management, and Stakeholders' Relationship Committee, demonstrated compliance with established norms.
The Board of Directors of the Manager approved both the previous and current quarter reports, noting no comments or observations regarding the submissions.
Stock Price Movement
Propshare Titania SM REIT - IPO (Second scheme of the Property Share Investment Trust) settled at ₹1160000.00 on Thursday, reflecting a decline of ₹30000.00 or 2.52%.The shares traded completely flat for the day, locking entirely within the intraday range of ₹1160000.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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