Luxury Time Ltd

Luxury Time Limited announced the appointment of Mr. Muhammad Akaram as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective November 03, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Akaram has been associated with Luxury Time Limited since October 2017 as a Senior Accountant through SBT Consulting Services, and holds a Bachelor of Commerce degree from Alagappa University.

Luxury Time Limited informed the BSE Limited that its shareholders approved a revision in the objects of the Initial Public Offer proceeds via a special resolution on September 25, 2026, and no amount of the Rs 14.99 crore raised had been utilized as of September 30, 2026, according to a regulatory filing on November 3, 2026.

Luxury Time Limited will hold a board meeting on November 3, 2026, to consider and approve the unaudited standalone and consolidated financial results for the half year ended September 30, 2026, and to review the Statement of Deviation(s) or Variation(s) pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the same period; the board will also consider revising the remuneration of Chairman & Managing Director Mr. Ashok Goel and Whole-time Director Mr. Pawan Chohan, and will address the resignation of Chief Financial Officer Ms. Kanika Gupta and the appointment of Mr. Muhammad Akaram as her replacement.

Luxury Time Ltd. remains flat at Rs 72.7, as the stock has declined 4.13% over the last week. Luxury Time Limited has received a final Compounding Order dated September 21, 2026, from the Office of the Regional Director (Northern Region-I) of the Ministry of Corporate Affairs, concerning a default under Section 129 of the Companies Act, 2013 related to the non-preparation and filing of consolidated financial statements for its joint venture spanning the financial years 2019-20 through 2023-24; Mr. Ashok Goel and Mr. Pawan Chohan, Chairman & Managing Director and Whole-time Director respectively, have paid a compounding fee of Rs 1,00,000 for each year of default, totaling Rs 6,00,000, while Luxury Time Limited is not liable for any compounding fee, and the company will file Form INC-28 with the Registrar of Companies as directed by the order. Trading volume reached 17600 shares today, a decrease of 81.36% compared to the one-week average volume. Luxury Time Ltd remained flat year-over-year, outperforming the NIFTY50 index's 9.72% loss.

Luxury Time Limited has received a final compounding order from the Office of the Regional Director (Northern Region-I) of the Ministry of Corporate Affairs, resolving defaults related to the non-preparation and filing of consolidated financial statements for the financial years 2019-20 through 2023-24. As part of the order, Mr. Ashok Goel and Mr. Pawan Chohan, Chairman & Managing Director and Whole-time Director respectively, have paid a compounding fee of Rs 1,00,000 for each year of default, totaling Rs 5,00,000. Luxury Time Limited itself is not liable for any compounding fee, and the company will file Form INC-28 with the Registrar of Companies. The company reports that this resolution has no material financial or operational impact.

Luxury Time Limited informed the BSE Limited that the trading window for dealing in the company's securities will be closed for directors, officers, and designated persons from October 1, 2026, until 48 hours after the declaration of financial results for the half year ended September 30, 2026, with the date of the board meeting to consider the results to be announced later.

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.