New Delhi, January 6, 2026 – Timex Group India Limited witnessed a change in its promoter shareholding after its parent entity, Timex Group Luxury Watches B.V., completed a stake sale through an Offer for Sale during the last week of December 2025.
The promoter entity sold a total of 90.19 lakh equity shares, representing 8.93 percent of the company’s paid-up equity share capital, through the stock exchange mechanism over two trading sessions on December 29 and December 30, 2025.
Details of the Stake Sale
Out of the total shares offered, 81.17 lakh shares were allotted to non-retail investors on December 29, while the remaining 9.02 lakh shares were allotted to retail investors on December 30 based on valid bids received.The transaction did not involve any encumbered shares or convertible instruments and was executed entirely through equity shares carrying voting rights.
Promoter Shareholding Before and After OFS
| Particulars | No. of Shares | Stake (%) |
|---|---|---|
| Promoter holding before OFS | 6,05,03,000 | 59.93 |
| Shares sold through OFS | 90,18,500 | 8.93 |
| Promoter holding after OFS | 5,14,84,500 | 51.00 |
Capital Structure Unchanged
The transaction did not result in any dilution of equity capital. The company’s paid-up equity share capital and total voting capital stood unchanged both before and after the sale at ₹10.09 crore, comprising 10.09 crore equity shares.About the Company
Timex Group India Limited is engaged in the manufacture, marketing, and distribution of watches and lifestyle accessories in India. The company is part of the global Timex Group and is listed on the BSE. Its product portfolio spans mass-market, fashion, and premium watch segments, catering to a wide range of consumer preferences across the country.Source:
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