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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The BSE has received a disclosure from Timex Group Luxury Watches B V (part of the promoter group of Timex Group India Ltd) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation is triggered when there is any change in encumbrance (pledge) on shares held by a promoter or promoter group entity. The full details regarding the nature of the encumbrance change — whether it is a creation, release, or invocation of pledge — are not available in the disclosed headline.
This is a routine promoter-group disclosure relating to changes in share encumbrance. Shareholders should look for the full disclosure to understand whether shares have been pledged, released, or invoked, as this can affect promoter holding stability and stock sentiment.