Timex Group India MD, chairman, board of directors and AGM
NSE: TIMEXBSE: 500414Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹633.20.
- Next results date: the board meets on 3 Nov 2026 to consider: quarterly results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹6,001 Cr928th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 29 Jul 2026
- 69.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 May 2026
- 53.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 29 Jul 2026
- 87.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 29 Jul 2026
- 88.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 May 2026
- 0.27
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 8,69,33846.3% delivered
Timex Group India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonDavid Thomas PayneRelated to the promoter
- Managing directorDeepak Chhabra
- Company Secretary and Compliance OfficerDhiraj Kumar Maggo
6 directors3 independent1 executive2 non-executive
- David Thomas Payne · ChairpersonNon-executive · joined Apr 2018 · 1 listed board · 2 committee seats
- Deepak Chhabra · Managing directorExecutive · joined Mar 2022 · 1 listed board
- Meeta MakhanIndependent · joined Feb 2024 · 32 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 3 as chair
- Sanjeev KumarIndependent · joined Feb 2024 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Dhanashree Ajit BhatIndependent · joined Feb 2024 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Marco ZambianchiNon-executive · joined Feb 2024 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 31 Aug 20266 of 6 present3 independent · 32 days in between
- 29 Jul 20266 of 6 present3 independent · 63 days in between
- 26 May 20265 of 6 present2 independent
Audit Committee
Chair Meeta Makhan
Sanjeev Kumar, Dhanashree Ajit Bhat, David Thomas Payne
- 29 Jul 20264 of 4 present3 independent · 63 days in between
- 26 May 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Sanjeev Kumar
Meeta Makhan, David Thomas Payne
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Dhanashree Ajit Bhat
Meeta Makhan, Sanjeev Kumar, David Thomas Payne
- 29 Jul 20264 of 4 present3 independent
Risk Management Committee
Chair David Thomas Payne
Meeta Makhan, Deepak Chhabra
- 29 Jul 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair David Thomas Payne
Meeta Makhan, Deepak Chhabra
- 31 Aug 20263 of 3 present1 independent · 96 days in between
- 26 May 20263 of 3 present1 independent
Share Allotment and Transfer Committee
David Thomas Payne, Deepak Chhabra
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Timex Group India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Timex Group India share news and announcements
Annual general meeting, 20 Aug 2026
72,185 shareholders on the register on 13 Aug 2026; present: 1 promoter and 116 others; votes counted by Neelesh Kumar Jain / M/s. NKJ & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, and the Report of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 53.37% · promoters 100.00% · institutions 52.32% · other public 0.22%
- To appoint a Director in place of Mr. David Thomas Payne (DIN:07504820) who retires by rotation and being eligible, offers himself for appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 6.89%
Turnout: all 53.37% · promoters 100.00% · institutions 52.32% · other public 0.22%
- To confirm payment of dividend on Preference shares of the CompanyOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 10.54%
Turnout: all 53.37% · promoters 100.00% · institutions 52.32% · other public 0.22%
- To declare dividend on Preference shares of the CompanyOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 10.54%
Turnout: all 53.37% · promoters 100.00% · institutions 52.32% · other public 0.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 21 Aug 2025, 2 fund houses
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
Appointment of M/s NKJ and Associates, Company Secretaries, (Certificate of Practice No. 5233), as the Secretarial Auditors of the Company, to hold office from the conclusion of the 37th Annual General Meeting until the conclusion of the 41st Annual General Meeting of the Company, at such remuneration and reimbursement of out of pocket expenses, as may be decided by the Board of Directors in consultation with the Secretarial Auditors of the Company.MoreLess
1 for0 against- To appoint a Director in place of Mr. Marco Zambianchi (DIN: 10457688), who retires by rotation and being eligible, offers himself for appointment.1 for0 against
To declare of dividend of Rs. 0.009 per share on 0.09%, 25,00,000 non-cumulative redeemable non-convertible preference shares of the face value of Rs. 10 each for the financial year ended on March 31, 2025 out of the profits for the year ended on March 31, 2025.MoreLess
1 for0 against- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2025, and the Report of the Board of Directors and Auditors thereon.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyOffice of The Superintendent, Central Goods & Service Tax Range Baddi II, SCO 47-51, Fauji Complex, Sai Road, Baddi-173205Since 18 Sep 2026
Intimation received in Form GST ASMT-12 intimating dropping of all the proceedings against the Company after being satisfied with the reply made by the Company without any further action required in the matter, in response to the Show Cause Notice dated May 11, 2026.
The department has issued Form GST ASMT-12 for intimating drop of proceedings against the discrepancies in the GST return for the FY 2022-23 for Baddi. The discrepancies pertained to outward tax liability reported in GSTR-3B vis-a-vis E-way bills (lower E-way Bills issued compared to outward supply liability reported in GSTR-3B) and excess input tax credit (lTC) availed in GSTR-3B vis-a-vis GSTR-2A/2B in respect of imports of goods.MoreLess
- Fine or penaltyOffice of The Superintendent, Central Goods & Service Tax, Range-5, Division-I, Noida, Uttar Pradesh-201301Since 29 Aug 2026
Intimation received in Form GST ASMT-12 intimating dropping all the proceedings against the Company after being satisfied with the reply made by the Company without any further action required in the matter, in response to the Show Cause Notice dated May 25, 2026.
The department has issued Form ASMT-12 for intimating drop of proceedings against the discrepancies in the GST return for the FY 2022-23 as mentioned below: 1) Alleged excess availment of input tax credit (ITC) primarily on account of differences in reconciliation between various GST returns and underlying data 2) Short payment of Tax in respect of outward supplies, on account of differences between outward supplies reported in GST returns and EWB-01 (e-way bill) data 3) Alleged availment of ineligible ITC for place of supply other than Uttar Pradesh for to certain transactions where the place of supply has been interpreted differently 4) Requirement to furnish supporting documents and reconciliations to seeks additional information and documentation (including credit notes, reversals, and export-related remittances) as part of the ongoing scrutiny processMoreLess
- Tax disputeCustom DepartmentSince 31 Mar 2023
The CESTAT has issued a communication (received on 5 June 2026) to the Commissioner of Customs, Mumbai Air Cargo Export, seeking submission of cross-objections in response to the appeal. The matter is pending to be listed for hearing before the Tribunal.MoreLess
At the filing before: Ld. Additional Commissioner Customs (Export), ACC Mumbai has alleged that the Company has failed to fulfil the export obligation under the advance authorisation license dated 03 Dec, 1996 in financial year 1996-97. The Department denied all duty exemption benefits claimed by the company under this license. This order was received by the company in Apr-23. The Company has filed an appeal requesting to set aside the impugned order and allow the appeal with all consequential relief. The Commissioner of Customs (Appeals) has rejected the Company’s appeal. The Company with the help of legal consultant has filed the appeal with Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai on 03rd Jul 2025 along with letter from DGFT regarding confirmation on EODC of appealed advance authorisation license in 2004. The company has filed the appeal with Customs, Excise & Service Tax appellate Tribunal (CESTAT) against the order. The CESTAT has issued a communication (received on 5 June 2026) to the Commissioner of Customs, Mumbai Air Cargo Export, seeking submission of cross-objections in response to the appeal. The matter is pending to be listed for hearing before the Tribunal.MoreLess
- Tax disputeValue Added Tax/ Central Sales Tax, GujaratSince 20 Mar 2016The Company has deposited INR 5,332/- and the case has been closed for FY2011-12.
At the filing before: The department has not considered submitted “C” Forms and “F” Forms and VAT paid challans while passing the order for Financial Year 2011-12 & 2013-14. The company has filed an appeal. The Deputy Commissioner of State tax (Appeals) has passed the final order for demand of INR 5,332/- against the original demand of INR 1.10 Cr raised in the show cause notice received by the Company on March 20, 2016 for pending Form C & Form F for the Financial Year 2011-12. The Company will shortly deposit the Form C & Form F of INR 5,332/- as per the assessment order to close this proceeding.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.