Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we hereby inform you that the company has received a copy of notice dated December 29, 2025 submitted by the promoter i.e, Timex ....
TIMEX · price
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The promoter, Timex Group Luxury Watches B.V. (Netherlands), has fully exercised the oversubscription option in its Offer for Sale through the stock exchange mechanism. The original base offer size was 4,509,250 equity shares (4.47% of paid-up capital); with the oversubscription option fully exercised, the total offer size has doubled to 9,018,500 equity shares, representing 8.93% of the company's total issued and paid-up equity share capital. The OFS was scheduled for December 29, 2025 (retail investors) and December 30, 2025 (retail plus non-retail investors). The base offer was initially intimated via a notice dated December 26, 2025, and the company received the promoter's oversubscription intimation on December 29, 2025.
Shareholders should expect a significant increase in floating supply as nearly 9% of equity is being offloaded by the promoter, which may put short-term downward pressure on the stock price. However, since this is happening through the regulated stock-exchange OFS window, price discovery is orderly rather than disruptive.