The Board of Directors has, in its meeting held today, i.e. March 20, 2026, inter alia, considered and approved the payment of Interim Dividend on 2,29,00,000, 13.88% Cumulative redeemable ....
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The Board of Timex Group India, at its meeting on March 20, 2026, approved an interim dividend of Rs. 3.08 crore on its 2.29 crore 13.88% Cumulative Redeemable Non-Convertible Preference Shares (unlisted) at Rs. 1.388 per share of Rs. 10 face value, for the period April 1, 2025 to March 20, 2026. The dividend will be paid within 30 days of declaration. The Board also approved the redemption of these 2.29 crore preference shares (unlisted) of Rs. 10 each, which were due for redemption on March 20, 2026.
This action relates entirely to the company's unlisted preference shares, not its equity shares. For equity shareholders, it is a routine capital structure event with no direct impact on earnings, dividend, or shareholding. Equity investors should not read this as a bonus or special equity distribution.