News Announcement

Timex Group India: Board Meeting Intimation for Issuance Of Fresh Unlisted Cumulative Redeemable Non-Convertible Preference Shares For Redemption Of Existing Preference Shares Of The Company

TIMEX GROUP INDIA LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/10/2024 inter alia to consider and approve the issuance of fresh unlisted 2 73 15 264 10.75% Cumulative Redeemable Non-Convertible Preference Shares of Rs. 10/- each amounting to Rs. 27 31 52 640/- on private placement basis to M/s Timex Group Luxury Watches B.V. Netherlands the Holding Company against redemption of existing 1 57 00 000 13.88% Cumulative Redeemable Non-Convertible Preference shares of Rs. 10/- each amounting to Rs. 15 70 00 000/- and unpaid accumulated dividend of Rs. 13 03 91 380/- as reduced by Rs. 1 42 38 740/- of tax deducted at source.


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