Timex Group India schedules AGM, declares dividend
Timex Group India Ltd announced its 38th AGM on August 20, 2026, via video conferencing to approve FY26 results and reappoint Director Mr. David Thomas Payne. The board recommended a total dividend of ₹18.22 crore on various preference shares. Financially, the company reported a 48% revenue surge to ₹80,063 lakhs and a 138% rise in PBT to ₹10,194 lakhs for FY26.
*this image is generated using AI for illustrative purposes only.
Timex Group India Ltd has scheduled its 38th Annual General Meeting (AGM) for August 20, 2026, to be held through video conferencing. The meeting will seek shareholder approval for the audited financial statements for the year ended March 31, 2026, and the appointment of Mr. David Thomas Payne as Director. The board has recommended a final dividend of ₹18.22 crore on preference shares, subject to member approval.
The company reported a 48% increase in revenue to ₹80,063 lakhs for the financial year ended March 31, 2026. Profit after tax rose to ₹7,544 lakhs, compared to ₹3,142 lakhs in the previous year. Profit before tax increased by 138% to ₹10,194 lakhs, while the operating profit margin improved to 13.8% from 9.2% in the previous year.
Dividend Declaration
The board has proposed a dividend of ₹22.50 lakh on 0.09% non-cumulative redeemable non-convertible preference shares. Additionally, it recommended a dividend of ₹14 crore on 5% cumulative redeemable non-convertible preference shares, covering unpaid liabilities for eight financial years from FY 2018-19 to FY 2025-26. A further dividend of ₹4.21 crore is proposed for 10.75% cumulative redeemable non-convertible preference shares for FY 2025-26 and the prior year.
Financial Performance
| Financial Metrics (₹ in Lakhs) | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue from operations (including other income) | 80,063 | 53,982 |
| Profit before tax | 10,194 | 4,277 |
| Profit after tax | 7,544 | 3,142 |
| Total comprehensive income | 7,551 | 3,145 |
Corporate Governance
The board met seven times during the financial year 2025-26. Statutory auditors M/s Deloitte Haskins & Sells LLP issued an unmodified opinion on the financial statements, confirming adequate internal financial controls. The register of members will remain closed from August 18, 2026, to August 19, 2026.
Historical Stock Returns for Timex Group
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.04% | +5.10% | +13.46% | +74.27% | +74.27% | +74.27% |
What strategic initiatives drove the 48% revenue surge, and can this growth rate be sustained in the next fiscal year?
With the operating profit margin expanding to 13.8%, what are the company's targets for further margin improvement over the next three years?
How will the appointment of Mr. David Thomas Payne as Director influence the company's future strategic direction and expansion plans?
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