Please find enclosed the notice of the 37th AGM scheduled to be held on August 21, 2025 at 4 P.M. through VC/OAVM. The Said notice forms the part of Annual Report of the Company for the FY 2024-25.
TIMEX · price
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Awaiting price reaction for this filing.
Timex Group India has sent out the notice for its 37th AGM, scheduled for August 21, 2025 at 4:00 PM, to be held entirely through Video Conferencing (VC/OAVM) — no physical attendance. Four resolutions are on the agenda: adoption of the audited financial statements for FY 2024-25 (ended March 31, 2025); re-appointment of Mr. Marco Zambianchi (DIN: 10457688), President of the Timex Business Unit, as a Non-Executive Non-Independent Director retiring by rotation; declaration of dividend on preference shares — Rs. 0.009 per share on 25 lakh 0.09% non-cumulative preference shares, and Rs. 1.388 per share on 2.29 crore 13.88% cumulative preference shares (the latter also clears unpaid accumulated dividends for FY 2018-19 and 2019-20); and appointment of M/s NKJ & Associates, Company Secretaries as Secretarial Auditors for a 5-year term (37th to 41st AGM) at a proposed fee of Rs. 1.75 lakh plus taxes for FY 2025-26. Remote e-voting via NSDL opens on August 17, 2025 and closes on August 20, 2025, with a cut-off date of August 14, 2025.
Routine AGM compliance filing with no major strategic implications. The preference share dividends are small in absolute terms but signal that the company has sufficient profits to clear even older unpaid cumulative dividend arrears, which is mildly positive for preference shareholders. The director re-appointment and auditor appointment are standard governance items requiring shareholder approval.