Time Technoplast board approves TPL Plastech merger, subject to approvals
Time Technoplast Ltd · Industrial Products
What the filing says
- Scheme of amalgamation with appointed date April 1, 2026; TPL Plastech, a 74.86% subsidiary, is dissolved without winding up; needs NCLT, exchange, shareholder and creditor approvals
- Share exchange ratio: 403 TTL equity shares of Rs. 1/- each for every 1,000 TPL equity shares of Rs. 2/- each
- TTL is expected to issue 79,01,516 equity shares to TPL shareholders other than TTL; the number may change per the Record Date shareholding
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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More from Time Technoplast Ltd
- Acquisition / mergerNotableTime Technoplast board approves merger of TPL Plastech; Appointed Date April 1, 2026
- Acquisition / mergerNotableTime Technoplast Ltd announces Board Meeting to approve merger scheme with TPL Plastech
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.