We wish to inform you that the office of the Superintendent of Central Tax GST, Bengaluru, has dropped all the proceeding against the Company after being satisfied with the reply made ....
TIMEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Timex Group India informed the stock exchange that the Office of the Superintendent of Central Tax, GST Bengaluru Commissionerate has dropped all proceedings against the company. This came in response to a Show Cause Notice dated June 26, 2025, which the company had replied to. The tax authority was satisfied with the company's response and has confirmed no further action is required in the matter. The resolution was communicated to the company on January 2, 2026. No financial or operational impact has been disclosed by the company.
This is a positive development for Timex Group India as a pending tax matter has been resolved in the company's favor with no penalties or further action, removing any potential financial liability or compliance overhang.