The Board of Directors of Timex Group India Limited has, vide its resolution passed by circulation today, approved the execution of letters with M/s Timex Nederland B.V., an intermediate holding company, for extension of the distribution rights for Guess and Gc brand watches in India and other SAARC member countries for 2 years until December 31, 2025. The distribution rights will be subject to the terms and conditions mentioned in these extension letters read with the Distribution Agreements dated December 24, 2021. The extension letters are in the process of execution by both parties.
Shares of TIMEX GROUP INDIA LTD. was last trading in BSE at Rs. 180.65 as compared to the previous close of Rs. 181.75. The total number of shares traded during the day was 41744 in over 215 trades.
The stock hit an intraday high of Rs. 183.00 and intraday low of 180.00. The net turnover during the day was Rs. 7547365.00.