Timex Group India on Monday informed exchanges that its promoter, Timex Group Luxury Watches B.V., Netherlands, has decided to exercise the oversubscription option in its ongoing offer-for-sale (OFS), taking the total stake sale to 8.93% of the company’s equity capital.
In a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, the company said it has received a copy of the notice dated December 29, 2025, submitted by the promoter to BSE, intimating the decision to exercise the oversubscription option .
Key details of the OFS
As per the notice, the promoter had initially proposed to sell 45.09 lakh equity shares, representing 4.47% of the company’s paid-up equity share capital as on September 30, 2025, as the base offer size. The OFS opened on December 29, 2025, for non-retail investors and on December 30, 2025, for retail investors, through a separate designated window of the stock exchange.
Following demand, Timex Group Luxury Watches B.V. has now opted to sell an additional 45.09 lakh shares under the oversubscription option, also representing 4.47% of the equity capital. With this, the total offer size increases to 90.18 lakh shares, or 8.93% of Timex Group India’s outstanding equity.
Regulatory disclosure
The company clarified that all capitalised terms not defined in the intimation letter shall have the same meaning as assigned in the original OFS notice filed with the stock exchange. The disclosure was signed by Dhiraj Kumar Maggo, VP–Legal, HR & Company Secretary, Timex Group India.
The OFS is being conducted in accordance with SEBI’s OFS guidelines through the stock exchange mechanism.
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