Timex Group India Ltd. Board Approves Interim Dividend and Share Redemption
Timex Group India Ltd. announced on March 20, 2026, that its Board of Directors approved an interim dividend and the redemption of outstanding preference shares.The Board approved a dividend payment of Rs. 3,08,27,290 for 2,29,00,000 13.88% Cumulative Redeemable Non-Convertible Preference Shares. The dividend, amounting to Rs. 1.388 per share of Rs. 10 each, represents earnings from April 01, 2025 to March 20, 2026. The dividend is scheduled to be paid within 30 days of declaration.
In addition, the Board approved the redemption of 2,29,00,000 13.88% Cumulative Redeemable Non-Convertible Preference Shares of Rs. 10 each, which were due for redemption on March 20, 2026.
The Board meeting commenced at 4:00 P.M. and concluded at 4:30 P.M.
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