Time Technoplast board approves merger of TPL Plastech; Appointed Date April 1, 2026
Time Technoplast Ltd · Industrial Products
What the filing says
- TPL Plastech Limited, a 74.86% subsidiary, is to be amalgamated into Time Technoplast and dissolved without winding up; the Scheme needs NCLT, exchange, shareholder and creditor approvals.
- Share exchange ratio: 403 fully paid-up equity shares of TTL (face value Rs. 1/- each) for every 1,000 fully paid-up equity shares of TPL (face value Rs. 2/- each).
- TTL is expected to issue 79,01,516 equity shares to TPL shareholders other than TTL; the actual number depends on TPL's shareholding on the Record Date.
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
Board Meeting Outcome for Board Meeting Outcome For Scheme Of Amalgamation (Merger By Absorption) Of TPL Plastech Limited With Time Technoplast Limited
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More from Time Technoplast Ltd
- Acquisition / mergerNotableTime Technoplast board approves TPL Plastech merger, subject to approvals
- 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.