Please be informed that the Board of Directors has, in its meeting held today, i.e. March 20, 2026, inter alia, considered and approved the following: 1. Payment of Interim Dividend ....
TIMEX · price
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The Board of Directors of Timex Group India, at its meeting on March 20, 2026, approved two items. First, payment of an interim dividend of Rs. 3.08 crore on 2.29 crore 13.88% Cumulative Redeemable Non-Convertible Preference Shares (unlisted) at Rs. 1.388 per share for the period April 1, 2025 to March 20, 2026. Second, redemption of these same 2.29 crore preference shares of Rs. 10 each, which were due for redemption on March 20, 2026. The dividend will be paid within 30 days. The meeting commenced at 4:00 PM and concluded at 4:30 PM.
This decision relates entirely to unlisted preference shares, so it has no direct impact on equity shareholders or the stock price. The redemption of preference shares is part of the company's planned capital structure action and is a routine event for holders of those instruments.