In terms of the SEBI (SAST) Regulation 2011, we hereby inform you that the Company has received the copy of disclosure of change in shareholding under Regulation 29(2) of the said Regulations ....
TIMEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Timex Group Luxury Watches B.V. (Netherlands) sold 9,018,500 equity shares (8.93% of paid-up capital) of Timex Group India through an Offer for Sale (OFS) on BSE on December 29-30, 2025. The sale was split between 8,116,650 shares to non-retail investors and 901,850 shares to retail investors. As a result, the promoter's holding in Timex Group India dropped from 59.93% (60,503,000 shares) to 51.00% (51,484,500 shares). The total share capital of the company remains unchanged at 100,950,000 shares. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations.
Promoter continues to hold majority control at 51% but is now closer to the 50% threshold, which could trigger concerns about further dilution. The OFS increases public float and share liquidity, though the secondary market supply may have weighed on the stock around the sale dates.