Titan Company Ltd Modifies Trust Deed Following Change in Trustee Composition

Titan Company Ltd executed a First Deed of Variation concerning the Titan Employee Stock Option Trust to effect amendments due to changes in the composition of the Trustees.

The document details that the Titan Employee Stock Option Trust was originally established by Titan Company Limited via a deed of trust dated February 9, 2023. The trust was created with the objective of attracting, retaining, and motivating employees, rewarding performance based on contribution, and aligning individual efforts with the company's objectives under the Titan Company Limited Performance Based Unit Scheme 2023.

Under the executed First Deed of Variation, the names of the Trustees stated in the Deed were modified. The updated Trustees are:

• Mr. Swadesh Behera
• Ms. Priya Mathilakath
• Mr. Sharad Kumar Goyal

This Deed of Variation is supplemental to the original Deed and forms an integral part of it. Furthermore, in the event of any discrepancy, inconsistency, or contradiction between the original Deed and this Deed of Variation, the terms of this Deed of Variation shall override and supersede the conflicting terms of the original Deed.

The First Deed of Variation was executed on April 5, 2026, in Bangalore, with the governing law and jurisdiction specified as Indian law, with the courts and tribunals of Bangalore holding non-exclusive jurisdiction.

TITAN Stock Price Movement​

Titan Company Limited shares today slipped by 0.19% to settle at ₹4230.6 in post-market trading. The equity closed on a total traded volume of 1.27 million shares.

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