Board approves Q2 results, MD re-appointment and postal ballot
Board of Time Technoplast met on November 05, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,99,419 | 1,51,111 | +32% | 1,69,271 | +17.8% |
| Total income | 1,99,610 | 1,51,220 | +32% | 1,69,380 | +17.8% |
| Profit before tax | 19,769 | 15,661 | +26.2% | 15,757 | +25.5% |
| Profit after tax | 14,831 | 11,723 | +26.5% | 11,786 | +25.8% |
| Total comprehensive income | 14,976 | 11,678 | +28.2% | 11,786 | +27.1% |
| Basic EPS | 2.96 | 2.54 | +16.5% | 2.35 | +26% |
- Total income
- Latest 1,99,610; Year ago 1,51,220 (+32%); Prev qtr 1,69,380 (+17.8%)
- Profit after tax
- Latest 14,831; Year ago 11,723 (+26.5%); Prev qtr 11,786 (+25.8%)
- Period
- 30.09.2026 (Unaudited)
Also decided at the meeting
- Approved re-appointment of Mr. Bharat Kumar Vageria (DIN: 00183629) as Managing Director for five years w.e.f. February 06, 2027, subject to members' approval.
- Approved Notice of Postal Ballot seeking members' approval for the re-appointment of Mr. Bharat Kumar Vageria as Managing Director.
- Appointed Mr. Arun Dash, Practicing Company Secretary (Arun Dash and Associates), as scrutinizer for the Postal Ballot and e-voting process.
Notes to the results
- On November 11, 2025, 3,97,77,247 equity shares of Rs. 1 each were allotted to QIBs at Rs. 201.12 per share aggregating to Rs. 800 Crore via QIP.
- Net QIP proceeds Rs. 781.13 Crore (net of Rs. 18.87 Crore expense); Rs. 478.57 Crore utilised and Rs. 321.43 Crore unutilised as at 30th September 2026.
What the board approved
The Board approved the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. It also considered the Limited Review Report dated November 05, 2026 issued by the joint statutory auditors, K P M R & Co. and Raman S. Shah & Co., covering both the consolidated and standalone results.
Results in numbers (consolidated, Rs. in lakh)
- Revenue from operations for the quarter: 1,99,419
- Profit after tax for the quarter: 14,831
- Revenue from operations for the half year: 3,68,691
- Profit after tax for the half year: 26,617
These are unaudited figures for the consolidated entity; the same results were also approved on a standalone basis. The consolidated statement shows two reporting segments, Polymer Products and Composite Products.
Managing Director re-appointed
The Board approved the re-appointment of Mr. Bharat Kumar Vagaria (DIN 00183629), Promoter and Co-Founder, as Managing Director for five years with effect from February 06, 2027, subject to approval of members. The update states that he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.
Postal ballot and scrutinizer
- The Board approved a Postal Ballot Notice seeking members' approval for his re-appointment as Managing Director for the same term.
- Mr. Arun Dash, Practicing Company Secretary, Proprietor of Arun Dash and Associates, was appointed as scrutinizer for conducting the postal ballot and e-voting process.
Money raised from institutional investors
- During the year ended March 31, 2026, the Committee of Directors on November 11, 2025 allotted 3,97,77,247 equity shares of face value Rs. 1/- each to eligible Qualified Institutional Buyers at an issue price of Rs. 201.12 per equity share, under a Qualified Institutions Placement.
- The company received Rs. 781.13 Crore net of QIP expenses from the fresh issue of equity shares.
- The proceeds that were unutilised as at September 30, 2026 were temporarily invested in fixed deposits with scheduled banks, with balances in a bank account with a cash credit facility and a monitoring account.
What this means for a retail holder
- The update gives you fresh quarterly and half-yearly numbers to track how the business is doing, on both consolidated and standalone bases.
- A five-year re-appointment of the founder Managing Director points to continuity at the top, but it needs members' approval through the postal ballot.
- The QIP shares were issued in the previous financial year; the disclosure shows where that money stands deployed or parked.
Also from Time Technoplast
Time Technoplast Q2FY27: highest-ever quarterly revenue, EBITDA and PAT
5 Nov 2026
Board approves re-appointment of Bharat Kumar Vageria as MD for five years; Q2 and H1 results approved
5 Nov 2026
Time Technoplast schedules Q2 & H1FY27 earnings conference call for November 6, 2026 at 16:00 IST
2 Nov 2026
More numbers
- Revenue from operations - consolidated - half year ended 30.09.20263,68,691
- Profit after tax - consolidated - half year ended 30.09.202626,617
- Equity shares allotted to eligible Qualified Institutional Buyers3,97,77,247
- QIP issue price per equity shareRs. 201.12
- Net QIP proceeds received by the companyRs. 781.13 Crore
- Re-appointment term of Managing Directorfive years
- Total income, latest quarter1,99,610 (₹ in Lakhs)
- Total income, year-ago quarter1,51,220 (₹ in Lakhs)
- Total income, previous quarter1,69,380 (₹ in Lakhs)
- Total comprehensive income, latest quarter14,976 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter11,678 (₹ in Lakhs)
- Total comprehensive income, previous quarter11,786 (₹ in Lakhs)
- Profit after tax, latest quarter14,831 (₹ in Lakhs)
- Profit after tax, year-ago quarter11,723 (₹ in Lakhs)
- Profit after tax, previous quarter11,786 (₹ in Lakhs)
- Revenue from operations, latest quarter1,99,419 (₹ in Lakhs)
- Revenue from operations, year-ago quarter1,51,111 (₹ in Lakhs)
- Revenue from operations, previous quarter1,69,271 (₹ in Lakhs)
- Profit before tax, latest quarter19,769 (₹ in Lakhs)
- Profit before tax, year-ago quarter15,661 (₹ in Lakhs)
- Profit before tax, previous quarter15,757 (₹ in Lakhs)
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