Timex Group India Ltd: GST proceedings dropped by Noida authorities
Timex Group India Ltd has received an order (Form GST-ASMT-12) from the Office of the Superintendent, Central Goods & Service Tax Range 5, Division-I, Noida. The authorities have dropped all proceedings against the company after being satisfied with the company's reply to a Show Cause Notice dated May 25, 2026. No further action is required. The company also approved the notice and agenda for its 35th Annual General Meeting (AGM) scheduled for September 23, 2026, the draft Director's report for FY 2025-26, and the appointment of M/s Rajeev Bhambri & Associates as Scrutinizer for the AGM. Additionally, the company approved the alteration of its Object Clause to support expansion plans, subject to shareholder approval.
Key Highlights
- GST proceedings against Timex Group India Ltd have been dropped.
- No further action required from tax authorities.
- Company approved AGM notice, agenda, and Director's report.
- Object Clause alteration approved for expansion plans.
Price Impact
More from TIMEX