Pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015 and in continuation of our earlier intimation dated September 26, 2025, we further wish to inform you that Board of Directors ....
TIMEX · price
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Awaiting price reaction for this filing.
Timex Group India has informed BSE that its Board of Directors will meet on November 4, 2025 to consider and approve unaudited financial results for the quarter ended September 30, 2025. In the same meeting, the Board will also consider an interim dividend on 2,29,00,000 unlisted 13.88% Cumulative Redeemable Non-Convertible Preference Shares, with a total payout of Rs. 12,71,40,800 covering four years of accumulated unpaid dividend (FY 2020-21 to FY 2023-24). The dividend will be paid from current year profits and will clear the company's liability ahead of the preference shares' scheduled redemption on March 20, 2026. November 3, 2025 has been fixed as the record date for preference shareholders, and the trading window for equity shares remains closed until November 6, 2025.
Equity shareholders are not entitled to this dividend as it pertains only to unlisted preference shares; however, the move signals that the company is clearing legacy preference share obligations ahead of their March 2026 redemption. The November 4 board meeting outcome on Q2 results will be the next key catalyst for the stock.