Titan Company Ltd.

Titan Company has informed that the Company has, on April 28, 2016, announced a Voluntary Retirement Scheme for employees who have either completed 10 years of service or are above 40 years of age. This has been done with the objective of reducing head count in order to improve productivity in the Company. The Company will update the impact of this on the financials upon conclusion of the scheme.

The above information is a part of company’s filings submitted to BSE.