Luxury Time Ltd

Financial snapshot

• Standalone revenue from operations: ₹5,391.20 Lakhs; flat YoY.
• Consolidated revenue from operations: ₹5,999.32 Lakhs.
• Standalone PAT: ₹561.98 Lakhs; Consolidated PAT: ₹552.58 Lakhs.
• EPS (standalone): ₹8.04; EPS (consolidated): ₹7.91.
• IPO completed; listed on BSE SME on 11-Dec-2025; ₹18.74 Crore issue.

IPO & listing milestones

• Total IPO issue size ₹18.74 crore; Fresh Issue ₹1,499.62 lakh; Offer for Sale ₹373.92 lakh.
• Shares listed on BSE SME (Scrip 544635) on 11 December 2025.

Capital structure & ownership

• Paid-up capital increased to ₹825.48 Lakhs; 82,54,828 shares outstanding.
• Promoters: Ashok Goel 45.62%; Pawan Chohan 22.93%.

Liquidity & balance sheet strength

• Debt-free at year-end; no borrowings.
• Closing cash and bank balances ₹387.96 Lakhs; current ratio 3.95x.

Operations & revenue mix

• Single luxury watch segment; distribution, retail, servicing.
• Service revenue grew to ₹559.17 Lakhs; 10.37% of total revenue.

Governance & board changes

• Board expanded in 2025 with Masha Goel; Sonali Aggarwal joined later in 2025.

Joint ventures & subsidiaries

• Pasadena Retail Private Limited: 50% JV; Micron Watch Service Private Limited: 49.9%.
• JVs not consolidated; investments reflect proportionate share.

CSR & ESG update

• CSR policy adopted; contributed ₹6.85 Lakhs to PM CARES Fund in 2025-26.
• CSR Committee constituted 14 Aug 2026.

Outlook & risks

• India luxury watch demand supported by premiumisation and organised channels; watch for macro risks.

Whistle Blower Policy adopted

• Board approved and adopted revised Whistle Blower Policy on August 14, 2026.
• Policy updated to align with Companies Act 2013 and SEBI LODR regulations.
• Policy strengthens vigil mechanism and protects whistle blowers from retaliation.
• Policy placed on the company's website for stakeholder information.
• Policy comes into effect from the date of Board approval.

CSR Policy Adoption

• Board approved and adopted a revised CSR Policy on 14 August 2026.
• Policy aligned with Companies Act 2013 and CSR Rules; updated governance and monitoring framework.
• Policy uploaded on Luxury Time's website for stakeholders' information.
• Focus areas follow Schedule VII; includes education, healthcare, environment, rural development.
• CSR governance comprises Board and CSR Committee with defined roles.
• Annual Action Plan to be prepared, approved, and monitored; board to approve expenditures.
• CSR expenditure to be at least 2% of average net profits of preceding three years.
• Administrative overheads for CSR to conform to CSR Rules limits.
• Policy effective from date of Board approval, 14 August 2026.
• Unspent CSR amounts to be carried forward or utilized per law.

Summary of deviation and fund utilisation

• No deviation or variation in use of IPO proceeds.
• Mode of fund raising: Public Issue (IPO).
• Date of fund raising: [redacted].
• Amount raised: [redacted].
• Monitoring agency involvement: Yes (redacted).
• Deviation in use of funds: No.
• Deviation details: Not applicable.
• Audit committee comments: Nil.
• Auditors' comments: Nil.
• Deviation table: Not applicable.
• Utilisation status: No deviation; funds utilised per plan.

Issue Overview

• Type: Fresh issue and Offer for Sale of Equity Shares.
• Total issue size unchanged; no revision or undersubscription reported.
• Funding capital expenditure for setting up new retail outlets.
• Funding working capital requirements.
• General corporate purposes.
• Issue expenses.

Utilisation of Proceeds

• Utilisation as disclosed in the offer document: Yes.
• No material deviations observed; means of finance unchanged.
• Capital expenditure for new retail: ongoing; no spend yet.
• Working capital: ongoing; no utilisation; unutilised balance.
• General corporate purpose: ongoing; no utilisation; delay due to market conditions.
• Issue expenses: actual costs higher than estimated; promoter reimbursements; net cost to company.
• GCP: nil utilisation; delay due to market conditions.
• Unutilised proceeds are parked in fixed deposits and a monitoring account.

Governance and Compliance

• All required approvals obtained.
• No material events affecting viability reported.
• MA declares no conflict of interest; report not audit; not legally binding.

GCP

• GCP allocated; utilisation nil; reason: market conditions; board approval details not specified.

Annual report and AGM

• Approved the Annual Report for FY2025-26 including Board's Report and annexures.

Auditors and secretarial/internal audits

• Noted resignation of SARNUM & Co. LLP as Statutory Auditor, effective July 25, 2026.
• Approved appointment of S A H A S & Associates as Statutory Auditors to fill casual vacancy.
• Re-appointment of Nilesh A. Pradhan & Co., LLP as Secretarial Auditor for 2026-27.
• Re-appointment of Anil Singhal and Associates as Internal Auditors for 2026-27.

IPO proceeds variation

• Approved variation in IPO proceeds utilisation: four stores, strategic investments, general corporate purposes.
• Total revised deployment of IPO proceeds: ₹1,332 lakh.

AGM and notices

• Approved 18th AGM on Sept 21, 2026 at 3:00 PM; AGM notice approved.

Voting arrangements

• Scrutinizer Shoorveer Singh appointed for remote e-voting and Postal Ballot.
• NSDL appointed for remote e-voting; MAS Services to handle AGM logistics.

Order specifics

• Awarding entity: Office of the Regional Director, Northern Region-I, Ministry of Corporate Affairs (MCA).
• Nature/scope: Compounding for non-preparation and filing of consolidated FS for its Joint Venture FY 2019-20 to 2023-24.
• Compounding fee: ₹1,00,000 for Ashok Goel and Pawan Chohan; Luxury Time Ltd incurs no fee.
• Timing: Payment due within 30 days from order date 06 Aug 2026.
• Origin: Domestic (India) compounding order issued by MCA.
• Company impact: No financial impact; no fine imposed on Luxury Time Ltd; company to comply.
• Directors named: Ashok Goel and Pawan Chohan; order relates to their conduct.