Board to Consider Merger Scheme with Parent Time Technoplast on Sept 29, 2026

Board meeting on Tuesday, September 29, 2026.

Thu 24 Sep 2026

Board Meeting Date

Tuesday, September 29, 2026

Transferor Company

TPL Plastech Limited

Transferee Company

Time Technoplast Limited

Parent Stake in TPL Plastech

74.86%

Legal Framework

Sections 230 to 232 of the Companies Act, 2013

What was shared

TPL Plastech has given advance intimation under Regulation 29 that its Board of Directors will meet on Tuesday, September 29, 2026.

Agenda items

• Approval of the 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.

Structure of the proposed merger

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

Legal route and approvals

The Scheme is proposed under Sections 230 to 232 of the Companies Act, 2013 and the applicable provisions of the SEBI Listing Regulations, 2015. It is stated to be subject to such statutory and regulatory approvals as may be required, including from shareholders, the stock exchanges where the shares are listed, and the National Company Law Tribunal (NCLT).

What investors may watch

The key detail for shareholders in such a merger is the share exchange ratio, which flows from the valuation report and is supported by a fairness opinion. That is on the Board's agenda for the meeting. Outcomes of the Board meeting are normally disclosed to the exchanges after it concludes.

How this may be perceived

A merger of a listed subsidiary into its listed parent typically means shareholders of the subsidiary would receive shares of the parent in a determined ratio, if and when the Scheme is approved and becomes effective. Until the Board approves the Scheme and the ratio is disclosed, and until the various approvals are obtained, this remains a proposal at the intimation stage.

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