TTTime Technoplast532856Quarterly results

Board approves re-appointment of Bharat Kumar Vageria as MD for five years; Q2 and H1 results approved

Board approved re-appointment of Mr. Bharat Kumar Vageria (Promoter & Co-Founder) as Managing Director for five years with effect from February 06, 2027, subject to members' approval via postal ballot.

By ScoutQuest · Thu 5 Nov 2026, 9:05 PM IST · 2 min read

Q2 consolidated revenue from operations

1,99,419 (₹ in Lakhs)

Q2 consolidated net profit

14,831 (₹ in Lakhs)

H1 consolidated revenue from operations

3,68,691 (₹ in Lakhs)

Q2 and H1 results approved

• The Board considered and approved the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026.
• Consolidated revenue from operations for the quarter was 1,99,419 (₹ in Lakhs) and consolidated net profit for the quarter was 14,831 (₹ in Lakhs).
• For the half year ended September 30, 2026, consolidated revenue from operations was 3,68,691 (₹ in Lakhs) and consolidated net profit was 26,617 (₹ in Lakhs).
• The Board also considered the limited review reports dated November 05, 2026 issued by the joint statutory auditors, M/s. K P M R & Co. and M/s. Raman S. Shah & Co., Chartered Accountants, for the period ended September 30, 2026.

Managing Director re-appointment

• The Board approved the re-appointment of Mr. Bharat Kumar Vageria (DIN: 00183629), Promoter and Co-Founder, as Managing Director of the Company for a period of five years with effect from February 06, 2027, subject to approval of members.
• The update states that Mr. Bharat Kumar Vageria is not debarred from holding office of Director by virtue of any SEBI order or any other such Authority.

Postal ballot

• The Board approved a Postal Ballot Notice seeking approval of members for the same re-appointment as Managing Director for five years with effect from February 06, 2027.
• 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.

Capital raised earlier and its use

• During the year ended March 31, 2026, 3,97,77,247 equity shares were allotted to eligible Qualified Institutional Buyers at an issue price of Rs. 201.12 per equity share, aggregating Rs. 800 Crore, under a Qualified Institutions Placement.
• The proceeds have been partly used for repayment/pre-payment of certain outstanding borrowings, capital expenditure for machinery and equipment towards automation and re-engineering, investment in wholly owned subsidiary Time Ecotech Private Limited for recycling plant equipment at Umbergaon, Gujarat and Gadarpur, Uttarakhand, purchase of de-odorizing equipment, and funding inorganic growth including acquisitions, strategic investments and joint ventures, besides issue-related fees.
• The unutilised portion was temporarily invested in fixed deposits with scheduled banks / co-op banks, balance with cash credit a/c with bankers and monitoring account.

What this means for a retail reader

• Two things happened in one update: the company's quarterly and half-yearly numbers were approved, and the leadership question at the top was settled for the next five years, pending a member vote by postal ballot.
• Because the Managing Director is also a Promoter and Co-Founder, the re-appointment points to continuity in day-to-day leadership; the postal ballot is the formal step through which shareholders get to vote on it.
• On the numbers, the consolidated revenue and net profit figures above are the headline yardsticks to track; segment data shows the polymer products and composite products businesses contributing to results.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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