TIMEX GROUP INDIA LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/10/2024 inter alia to consider and approve the issuance of fresh unlisted 27315264 10.75% Cumulative Redeemable Non-Convertible Preference Shares of Rs. 10/- each amounting to Rs. 273152640/- on private placement basis to M/s Timex Group Luxury Watches B.V. Netherlands the Holding Company against redemption of existing 15700000 13.88% Cumulative Redeemable Non-Convertible Preference shares of Rs. 10/- each amounting to Rs. 157000000/- and unpaid accumulated dividend of Rs. 130391380/- as reduced by Rs. 14238740/- of tax deducted at source.