Board to Consider Scheme for Merger of 74.86%-Owned Subsidiary TPL Plastech

Board meets on 29 September 2026.

Thu 24 Sep 2026

Board Meeting Date

29 September 2026

Transaction Type

Proposed merger of TPL Plastech Limited into Time Technoplast Limited

Parent Company Stake

74.86%

Approvals Required

Shareholder, stock exchange and NCLT approvals

Legal Framework

Sections 230 to 232 of the Companies Act, 2013

What was shared

Time Technoplast has intimated the exchanges, under the listing regulations, that a meeting of its Board of Directors is scheduled for Tuesday, 29 September 2026.

Agenda

• Consider and approve the proposed Scheme, including the valuation report and fairness opinion, for the merger of TPL Plastech Limited with Time Technoplast Limited.
• Any other item with the permission of the chair.

The companies involved

TPL Plastech Limited is the Transferor Company and is listed on BSE and NSE. Time Technoplast holds a 74.86% stake in it. Time Technoplast Limited is the Transferee Company and is also listed on BSE and NSE.

Legal route

The merger is proposed under Sections 230 to 232 of the Companies Act, 2013 and the applicable provisions of the SEBI listing regulations.

Approvals still needed

Any scheme approved by the Board would remain subject to statutory and regulatory approvals, including those of shareholders, the stock exchanges where the shares are listed, and the National Company Law Tribunal.

What investors may watch

At this stage only the Board meeting date and agenda are known. The share exchange ratio, if any, would come from the valuation report and fairness opinion that the Board is to consider. Mergers of a listed subsidiary into its listed parent typically involve issuing shares to the subsidiary's other shareholders, so the terms placed before the Board will be the key detail to follow.

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