Titan Company Limited has said it has received a communication from Tamilnadu Industrial Development Corporation Limited (TIDCO), co-promoter, accordingly the Board has noted/approved the following:
The company has noted the resignation of Mr. K . Gnanadesikan, IAS (DIN:00111798) nominee of TIDCO, as a Director of Titan Company Limited with effect from 14th March 2019.
The company has also approved the appointment of Mr. N. Muruganandam, IAS, Principal Secretary, Industries Department, Government of Tamil Nadu, as a Chairman and Director on the Board of Titan Company Limited in the place of Mr. K . Gnanadesikan, IAS with effect from 14th March 2019.
Mr. N. Muruganandam will hold office upto the date of the ensuing Annual General Meeting wherein his appointment as a Director, liable to retire by rotation, will be placed before the shareholders for their approval.
Shares of Titan Company Limited was last trading in BSE at Rs.1077.85 as compared to the previous close of Rs. 1083.3. The total number of shares traded during the day was 65214 in over 1648 trades.
The stock hit an intraday high of Rs. 1092.5 and intraday low of 1066.1. The net turnover during the day was Rs. 70347007.