TIMEX GROUP INDIA LTD.-$

Timex Group India Ltd (TGIL) reported a robust financial performance for FY26, with revenue reaching ₹800 crore, a 48% increase compared to the previous year. The company's EBITDA stood at ₹116 crore, a 134% jump year-on-year, with EBITDA margin scaling to 14.5%. Profit Before Tax (PBT) was ₹107.4 crores, reflecting a 151% increase. The Board approved the audited financial results for the year ended March 31, 2026, and recommended dividends on preference shares, subject to shareholder approval. M/s Grant Thornton Bharat LLP has been re-appointed as the Internal Auditors for FY 2026-27.

Timex Group India Ltd (TGIL) reported a revenue of ₹800 Cr for FY26, a 48% increase YoY. EBITDA stood at ₹116 Cr, a 134% jump from the previous year, with EBITDA margin scaling to 14.5%. The Board approved audited financial results for FY26 and recommended dividends on preference shares, subject to shareholder approval at the AGM. M/s Grant Thornton Bharat LLP was re-appointed as the Internal Auditors for FY 2026-27.

Timex Group India Ltd (TGIL) reported a revenue of ₹800 Cr for FY25-26, a 48% increase YoY. EBITDA stood at ₹116 Cr, a 134% jump YoY, with margins scaling to 14.5%. Profit Before Tax (PBT) was ₹107.4 crores, a 151% increase. The Board approved audited financial results for the year ended March 31, 2026, and recommended dividends on preference shares, subject to shareholder approval at the AGM. M/s Grant Thornton Bharat LLP was re-appointed as the Internal Auditors for FY 2026-27.

Timex Group India Ltd (TGIL) reported a revenue of ₹800 Cr for FY25-26, a 48% increase year-over-year. The company's EBITDA stood at ₹116 Cr, a 134% jump compared to the previous year. The Board of Directors approved the audited financial results for the year ended March 31, 2026, and recommended dividend on preference shares. Grant Thornton Bharat LLP was re-appointed as the Internal Auditors for FY 2026-27.

Timex Group India Ltd (TGIL) reported a revenue of ₹800 Cr for FY25-26, a 48% increase YoY. EBITDA stood at ₹116 Cr, a 134% jump compared to the previous year. The Board approved the audited financial results for the year ended March 31, 2026, and recommended dividends on preference shares, subject to shareholder approval at the AGM. M/s Grant Thornton Bharat LLP was re-appointed as the Internal Auditors for FY 2026-27.

Timex Group India Ltd has received a notice (Form GST ASMT10) from the Office of the Superintendent, Central Goods and Services Tax, Range 5, Division-1, Noida, indicating discrepancies in the GST return for the financial year 2022-23. The notice highlights potential issues such as excess availment of input tax credit, short payment of tax, and ineligible ITC claims. The company is assessing the matter with legal counsel and plans to file a response within the prescribed timelines. The potential financial exposure is approximately ₹2,64,20,074, excluding applicable interest and penalty.

Timex Group India Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results for the year and quarter ended March 31, 2026. The board will also consider recommending a final dividend on preference shares. The trading window for dealing in the company's shares is closed from April 1, 2026, to May 28, 2026.

Timex Group India Ltd. has received an order from the Additional Commissioner, Appellate Authority, CBIC, Chandigarh, regarding an appeal against a previous order. The appellate authority partially allowed the appeal, reducing the demand payable by the company to ₹10,04,471 against a disputed amount of ₹56,70,750. The matter has been remanded back for reassessment. The company is assessing the impact and will file a response with legal counsel.

Timex Group India Ltd has received a notice (Form GST ASMT-10) from the CGST Range - Baddi II, regarding discrepancies in GST returns for FY 2022-23. The notice highlights differences in outward taxable liability reported in GSTR-3B versus E-way bills and excess input tax credit (ITC) availed in GSTR-3B compared to GSTR-2A/2B. The company is assessing the impact and preparing a response with legal counsel. The potential financial impact includes interest and penalties on ₹22,98,108 related to outward tax liability and ₹43,32,449 related to excess ITC.

Timex Group India Ltd has announced the resignation of Mr. Sanjeev Kumar Swain, Vice President - Sales, Offline Channels and Senior Management Personnel. His resignation is effective immediately, with April 30, 2026, being his last working day. The company stated that Mr. Swain resigned due to personal reasons, as per the disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.