Luxury Time Ltd

Luxury Time Limited has announced its 18th Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 03:00 P.M. at Hotel City Park, Pitampura, Delhi. The company is submitting its Integrated Annual Report for the Financial Year 2025-26, along with the Notice of the AGM, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report and AGM Notice are being sent to members electronically and are also available on the company's website, www.luxurytimeindia.com. The report details the company's operations, including its integrated watch ecosystem encompassing branding, distribution, retail, and after-sales services.

Luxury Time Ltd announced the adoption of its revised Whistle Blower Policy by the Board of Directors on August 14, 2026. This update aligns the policy with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised policy aims to enhance the company's vigil mechanism by providing a robust framework for reporting concerns, ensuring protection against victimisation for whistleblowers, and facilitating fair investigations. The updated policy is now available on the company's website for stakeholder information, reinforcing Luxury Time's commitment to integrity, transparency, and ethical conduct.

Luxury Time Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, has approved and adopted a revised Corporate Social Responsibility (CSR) Policy. The updated policy aligns with the Companies Act, 2013, and its associated rules, outlining guiding principles, governance, implementation, and monitoring mechanisms for CSR activities. The revised policy aims to ensure compliance, identify focus areas, define roles, and establish an effective framework for transparent and accountable CSR fund utilization, contributing to sustainable social value and community development. The updated policy is available on the company's website.

Luxury Time Ltd has filed its Statement of Deviation or Variation for the quarter ended June 30, 2026. The company confirms that there has been no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO). The IPO, which raised INR 14.99 Crores on December 11, 2025, had its funds utilized as per the original objects disclosed. The company's monitoring agency is Brickwork Ratings India Private Limited. This information will also be available on the company's website.

Luxury Time Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Brickwork Ratings India Private Limited. This report, mandated by SEBI Listing Regulations, details the utilization of proceeds raised through the company's Initial Public Offer (IPO). The funds, totaling ₹18.73 Crore from a Fresh Issue and Offer for Sale, were reviewed by the Audit Committee and taken on record by the Board of Directors on August 14, 2026. Brickwork Ratings confirmed no deviation from the IPO's stated objects and declared no conflict of interest in their monitoring role.

Luxury Time Limited's Board of Directors convened on August 14, 2026, approving the Annual Report for FY26. Key decisions included recommending the re-appointment of a director, accepting the resignation of current statutory auditors M/s S A R N U M & Co. LLP, and approving the appointment of M/s S A H A S & Associates as new statutory auditors, subject to member approval. The board also approved the re-appointment of secretarial and internal auditors for FY27. The 18th Annual General Meeting is scheduled for September 21, 2026. Furthermore, the board approved a variation in the objects and utilization of IPO proceeds, which will now be directed towards store expansion, strategic investments/acquisitions, and general corporate purposes. The meeting also appointed a scrutinizer and NSDL for e-voting facilities.

Luxury Time Ltd has received an interim order under Section 441 of the Companies Act, 2013, from the Regional Director (Northern Region-I), Ministry of Corporate Affairs. The order pertains to the non-preparation and filing of consolidated financial statements for its Joint Venture for the financial years 2019-20 to 2023-24. Consequently, Mr. Ashok Goel, Chairman & Managing Director, and Mr. Pawan Chohan, Whole-time Director, have each been fined ₹1,00,000/- per year of default, totaling ₹10,00,000/- for each director. The company itself has not incurred any compounding fee or penalty. The directors are required to pay the compounding fee within 30 days. The company will take necessary steps for compliance.

Luxury Time Ltd has announced the closure of its trading window for all designated persons and their immediate relatives, effective August 6th, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut until 48 hours after the public disclosure of the outcome of the Board of Directors' meeting scheduled for August 14th, 2026. The board meeting will primarily consider a proposal for variation in the utilization of IPO proceeds, among other business items.

Luxury Time Ltd has announced a Board of Directors meeting scheduled for August 14, 2026. The agenda includes approving the Board's Report for the financial year ended March 31, 2026. Key items also involve considering the re-appointment of a director retiring by rotation, addressing the resignation of current statutory auditors M/s S A R N U M & Co. LLP, and appointing M/s S A H A S & Associates as their replacement. Additionally, the board will discuss the re-appointment of secretarial and internal auditors, fix the date for the Annual General Meeting, and consider a proposal for variation in the utilization of IPO proceeds, subject to member approval via postal ballot. The meeting will also cover amendments to the Whistle Blower Policy and other necessary business.

Luxury Time Ltd has announced the resignation of its statutory auditor, M/s. S A R N U M & CO. LLP, Chartered Accountants, effective July 25, 2026. The resignation is attributed to pre-occupation and increased professional commitments restricting the auditor from devoting adequate time to the company's audit affairs. The auditor has confirmed there are no other material reasons for their resignation and has not raised any concerns with the management. The company will take necessary steps to fill the casual vacancy in accordance with applicable laws.