Luxury Time Ltd

Luxury Time Limited informed the BSE on August 14, 2026, that there was no deviation or variation in the utilization of proceeds raised through its Initial Public Offer, which amounted to Rs 14.99 crore and closed on December 11, 2025, as per Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Luxury Time Limited has received a compounding order from the Office of the Regional Director (Northern Region-I) of the Ministry of Corporate Affairs related to non-preparation and filing of consolidated financial statements for its joint venture for the financial years 2019-20 through 2023-24. As a result of the order, a compounding fee of Rs 1,00,000 will be payable for each year of default for Chairman & Managing Director, Mr. Ashok Goel, and Whole-time Director, Mr. Pawan Chohan, within 30 days. The company itself will not be required to pay any compounding fee, and the order is not expected to have a material financial or operational impact.

Luxury Time Limited informed the BSE Limited that the trading window for its securities will be closed for designated persons and their immediate relatives starting August 6, 2026, and will reopen 48 hours after the public disclosure of the Board of Directors' meeting outcome scheduled for August 14, 2026, which will consider a proposal for variation in the objects of utilization of proceeds raised through its Initial Public Offer (IPO).

Luxury Time Limited will hold a board meeting on August 14, 2026, to consider approving the Board’s Report for the financial year ended March 31, 2026, the re-appointment of Mr. Pawan Chohan, and the appointment of M/s S A H A S & Associates, Chartered Accountants, as Statutory Auditors following the resignation of M/s S A R N U M & Co. LLP. The board will also consider the re-appointment of M/s Nilesh A. Pradhan & Co., LLP as Secretarial Auditors and M/s Anil Singhal and Associates, Chartered Accountants, as Internal Auditors, a proposal for variation in the objects of utilisation of proceeds from the company’s Initial Public Offer (IPO), and amendments to the Whistle Blower Policy.

Luxury Time will hold a meeting of the Board of Directors of the Company on 15 May 2026.

The scrip was listed at Rs 155.80, a 90% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 163.59 and a low of Rs 155.80. About 7.84 lakh shares of the company changed hands at the counter. Luxury Time's IPO was subscribed 553.93 times. The issue opened for bidding on 4 December 2025 and it closed on 8 December 2025. The price band of the IPO was fixed between Rs 78 to Rs 82 per share. The IPO comprised 22,84,800 equity shares, including a fresh issue of 18,28,800 equity shares and offer for sale (OFS) of 4,56,000 equity shares. The company intends to utilize the net proceeds for funding capital expenditure towards setting-up of 4 new retail stores, funding working capital requirements of the company and general corporate purposes. Ahead of the IPO, Luxury Time on 3 December 2025, raised Rs 5.06 crore from anchor investors. The board allotted 6.17 lakh shares at Rs 82 each to 3 anchor investors. Luxury Time is engaged in the distribution, marketing, retailing, and after-sales servicing of Swiss luxury watches, as well as the distribution of watch service-related tools and equipment in India. Headquartered in New Delhi, it is supported by a team of seasoned professionals with expertise in luxury watch distribution, retail management, after-sales servicing, precision tools and machinery, and brand marketing. In addition, it has entered into a joint venture with an Indian listed luxury watch retail company to operate exclusive mono-brand boutiques, and currently manages two stores at the Mall of Asia, Bengaluru, and Palladium Mall, Mumbai. As of 30 September 2025, the company had 17 employees. The company recorded revenue from operations of Rs 24.86 crore and a net profit of Rs 2.01 crore for the period ended 30 September 2025. Powered by Capital Market - Live

The equity shares of Luxury Time (Scrip Code: 544635) are listed effective 11 December 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 09:29 IST, the pre-open indicative price of the stock was at a premium of 90% to the issue price of Rs 82. Powered by Capital Market - Live