Timex Group India Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/03/2026 ,inter alia, to consider and approve inter alia, to consider ....
TIMEX · price
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Timex Group India has called a Board meeting on March 20, 2026, to approve an interim dividend of 13.88% on its 2,29,00,000 (2.29 crore) Cumulative Redeemable Non-Convertible Preference Shares (unlisted), originally issued on March 21, 2006 with a face value of Rs. 10 each. The total dividend payout works out to about Rs. 3.08 crore for the period from April 1, 2025 to March 20, 2026. The Board will also consider redemption of these preference shares on the same date, marking the end of their 20-year tenure. A record date of March 20, 2026 has been fixed to identify eligible preference shareholders. The trading window for the company's equity shares has been closed from March 16 to March 22, 2026 on account of this declaration.
This action pertains entirely to unlisted preference shareholders — regular equity investors are not entitled to this dividend and there is no impact on equity share capital. The redemption of preference shares at maturity is a routine, pre-scheduled obligation and is unlikely to materially affect the equity stock price.