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Company Filings, Explained Simply

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Timex Group India Ltd-$

Timex Group declares Rs. 3,08,27,290 interim dividend on preference shares

DIVIDEND ● No Immediate Change LOW RISK
📅 Filed on BSE: 20 Mar 2026, 05:56 PM IST  ·  BSE ID: 7ca69a26-96bb-4dbc-8ecf-97f8579805a1
View Original BSE Filing (PDF)
💡
In Simple Terms
Timex Group paid dividends to preference shareholders and redeemed all preferred stock, completing a scheduled capital action.
🤖 AI Summary
  • Board approved Rs. 3,08,27,290 interim dividend on 2,29,00,000 preference shares at Rs. 1.388 per share
  • Dividend covers April 1, 2025 to March 20, 2026 period, payable within 30 days from declaration
  • Redemption of all 2,29,00,000 13.88% Cumulative Redeemable Non-Convertible Preference Shares approved for March 20, 2026
  • Preference shares of Rs. 10 each redeemed at par value as per original redemption schedule
🔢 Key Numbers — exact figures from BSE filing, not rounded
Interim Dividend Amount
Rs. 3,08,27,290
Preference Shares Outstanding
2,29,00,000 shares
Dividend Per Share
Rs. 1.388
Preference Share Par Value
Rs. 10 each
Redemption Par Value Total
Rs. 2,29,00,000
Preference Share Rate
13.88% Cumulative Redeemable Non-Convertible
🏢 How This Affects the Company
💰
Financial Impact
Interim dividend of Rs. 3,08,27,290 reduces retained earnings; redemption of Rs. 2,29,00,000 par value preference shares reduces equity. Cash outflow of Rs. 5,37,27,290 total occurs within 30 days.
👥 What This Means For Shareholders
✅
Action Required
Preference shareholders must ensure holdings are in demat form to receive dividend within 30 days; ordinary shareholders take no action.
👤
Who Is Affected
Holders of 2,29,00,000 13.88% Cumulative Redeemable Non-Convertible Preference Shares receive Rs. 3,08,27,290 dividend and full capital return of Rs. 2,29,00,000 via redemption. Ordinary equity shareholders unaffected.
🔍
Management Signal
Redemption on schedule date confirms strict adherence to preference share contract terms and stable dividend distribution to preferred capital.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Dividend payment completion — verify Rs. 3,08,27,290 credited to preference shareholders by April 19, 2026
Preference share redemption completion — confirm 2,29,00,000 shares delisted and capital returned by March 20, 2026
Q4 FY26 balance sheet — verify preference share liability removed and equity impact reflected in standalone accounts
LOW RISK Routine scheduled dividend and redemption. No liquidity risk — planned and approved. No covenant breach indicated.
💡 Investor Takeaway
Timex Group paid Rs. 3,08,27,290 interim dividend on preference shares and redeemed Rs. 2,29,00,000 par value preference stock as scheduled. Both actions were approved March 20, 2026, with dividend payable within 30 days. This is execution of announced schedule, not a new capital event.
⚖️ Strengths & Concerns

✅ Positives

  • Scheduled redemption confirms capital structure discipline; preference shares redeemed at par value as contractually due
  • Dividend declaration within 30 days ensures timely cash return to preference shareholders per terms
📅 Company Track Record
Timex Group declared preference shares in prior years with 13.88% cumulative rate and March 20, 2026 redemption date. Board confirmed redemption March 16, 2026 (record date March 20). This filing executes that announced redemption and final dividend payment per contractual terms.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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