Outcome of the Board Meeting

SEC 84 / 2026-27 5th November 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai 400 051 Maharashtra, India Maharashtra Scrip Code: 500114 Symbol: TITAN Dear Sir/ Madam, Sub: Outcome of the Board Meeting in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 The Board at its meeting held today, i.e. Thursday, 5th November 2026 transacted, inter alia, the following businesses: 1. Financial Results: Approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended 30th September 2026. In this regard, please find enclosed as Annexure A: a) Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30th September 2026. b) Auditor's Limited Review Report in respect of the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30th September 2026. 2. Limited Review Report: B S R & Co., LLP, Statutory Auditors of the Company, have issued the Limited Review Report of the Financial Results with unmodified opinion on the above-mentioned results. 3. Retirement of Mr. Noel N. Tata: In accordance with the Tata Group Governance Guidelines, Mr. Noel N. Tata (DIN: 00024713) will retire from the office of Vice Chairman and Director of the Company with effect from 12th November 2026. Mr. Tata has been associated with the Company since August 2003 and during his tenure, he has provided valuable guidance and strategic direction to the Company. His extensive experience and deep understanding of the consumer and retail businesses have greatly enriched the Board’s deliberations and contributed to the Company’s evolution and growth over the years. Titan Company Limited `INTEGRITY` #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262 Registered Office 3, Sipco Industrial Complex Hosur 635 126 TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456 www.titancompany.in The Board of Directors places on record its deepest appreciation and profound gratitude for his invaluable contributions to the Company over the past 23 years. The disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is provided as Annexure B 4. Appointment of Statutory Auditors: The Board of Directors, based on the recommendation of the Board Audit Committee, has approved and recommended the appointment of Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company for a period of five years, subject to shareholders' approval, from the conclusion of the 43rd Annual General Meeting to be held in 2027 until the conclusion of the 48th Annual General Meeting thereafter, subject to the approval of the shareholders of the Company. The disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is provided as Annexure C 5. Issue of rated, listed, redeemable unsecured NCDs: The Board of Directors have reviewed and approved the proposal for raising of funds through issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures (NCDs) on private placement basis, for an amount up to ₹ 2,500 crore. The Board has also authorized a Committee of the Board to take all actions in respect of finalization of terms of issuance and allotment of NCDs. The disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 shall be made at the appropriate stage, upon issuance and/or allotment of the NCDs. The Board meeting commenced at 2:00 p.m. and the meeting concluded at 4:15 p.m. The above information is also available on the website of the Company: www.titancompany.in Kindly acknowledge receipt. Yours truly, For TITAN COMPANY LIMITED Dinesh Shetty General Counsel & Company Secretary Encl. As stated Titan Company Limited `INTEGRITY` #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262 Registered Office 3, Sipco Industrial Complex Hosur 635 126 TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456 www.titancompany.in TIT/\N COMPANY TITAN EXTENDS STRONG RUN IN Q2FY27, GROWS 25% FOR THE QUARTER All Businesses deliver a broad-based performance ahead of the festive; Studded-led Jewellery growth and robust performances across Watches, EyeCare, TEAL and International Business power overall results Bengaluru, SthNovember 2026 Titan Company Limited ('Titan'), announced its Q2FY27 results today. Key highlights {Consolidated performance) compared to Q2FY26: • Financial Performance: Total Income was ~20,533 crores, up 25% for the quarter, sustaining the healthy growth momentum of the past periods • Profitability: Profit before Tax was ~2,329 crores at 11.3% margin, recording a 53% increase. Adjusting for the impact of custom duty increase in gold for the quarter, the Profit Before Tax was ~1, 793 crores at 8. 7% margin, up 18% for the period • Jewellery: Jewellery portfolio grew 24% to ~17,495 crores (exc/. Bullion and Digi-gold soles), powered by 'Festival of Diamonds' and brand-level promotions that drove studded growth in the early thirties, underscoring resilient consumer demand even as the festive calendar shifted to Q3FY27 • Watches: Led by continuing premiumization trends and enduring consumer preference for analog timepieces, the Watches portfolio clocked one of its strongest quarterly performances, growing 27% to ~1,881 crores • EyeCare: EyeCare clocked a robust 28% growth to ~281 crores, driven by focused execution centered on a multi-brand approach, an upgraded store network and a sharper merchandise portfolio enhancing the overall customer experience • Titan strengthens watchmaking capabilities with Vetra: Marking a milestone in its horological journey, Titan introduced Vetra, its in-house movement, advancing its expertise in movement development and innovation • Tanishq marks 30 years of trust, craftsmanship and meaningful connections: Celebrating three decades of being part of women's journeys, Tanishq honored the key milestones, aspirations and cherished moments that have shaped its enduring legacy Financial Highlights: Particulars Consolidated (~ crores) Q2FY26 Q2FY27 YoY% I H1FY26 H1FY27 YoY% Total Income 16,407 20,533 25% 31,186 41,286 32% Earnings before Interest & Tax 1,799 2,865 59% 3,550 5,647 59% % 11.0% 14.0% 299bps 11.4% 13.7% 229bps Profit before Tax 1,522 2,329 53% 3,002 4,758 58% % 9.3% 11.3% 207bps 9.6% 11.5% 190bps Profit after Tax 1,120 1,722 54% 2,211 3,499 58% % 6.8% 8.4% 156 bps 7.1% 8.5% 139bps Note: o. Total Income excludes Bullion sales & Digi-gold sales in all the periods b. The above representation excludes the non-operational Ind-AS credit of '{671 crores in both Total Income and Profits. Please refer to Note 9 of the reported financial statements C. The above profits reflect the reported consolidated financials and include custom duty gains af ,536 crares for Q2FY27 and ,943 croresfor H1FY27. Profits, excluding these gains (for the quarter) are detailed in the Jewellery (India) Business performance section\ d. Numbers and growth percentages rounded to the nearest integers • Titan Company Limited __- ~ ·INTEGRIrv·, #193, Veerasandra, Electronics City P.O., Off Hosur Main Road, Bengaluru 560100, Karnataka. India. Tel: +91-80-6704-7000 Fax: +91-80-6704-6262 Registered Office: 3, SIPCOT Industrial Complex, Hosur 635126, Tamil Nadu, India. Tel: +91-4344-664-199 Fax: +91-4344 -276-037: CIN: L74999TZ1984PLC001456 www.titancompany.in A TATA Enterprise Business Performance: Jewellery Growth was broad-based, with key portfolio brands growing well during the quarter. Consumers' design j [Showing first 8,000 characters — download PDF for full document]