The Board of Directors of the Timex Group India Limited has, at its meeting held March 15, 2022 approved the following matters Due to her personal reasons, Ms. Sharmila Sahai has decided to move on and has resigned from her position of Managing Director as well as Director of the Company with effect from close of business hours of March 27, 2022. She will, however, continue to work with the Company till June 30, 2022 for smooth handover and transition of work.