The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Timex Group Luxury Watches B V
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Promoter Timex Group Luxury Watches B V sold 9,018,500 equity shares (8.93% of paid-up capital) of Timex Group India Limited through a stock exchange Offer for Sale (OFS) mechanism on December 29 and 30, 2025. Before the sale, the promoter held 60,503,000 shares (59.93%); after the sale, it holds 51,484,500 shares (51.00%). The total share capital remains 100,950,000 shares of face value ₹1. No encumbrance or pledge was involved, and the sale was executed in compliance with SEBI OFS guidelines.
The promoter remains the majority shareholder with 51% stake, so control of the company is unchanged and no mandatory open offer is triggered. However, a sizeable 8.93% divestment by the promoter via OFS is a notable event and may influence short-term investor sentiment depending on OFS pricing and demand.