Time Technoplast Limited TTL updates about merger

The Board of Directors of Time Technoplast Limited ('TTL’) at its meeting held today i.e. on August 26, 2026, 1) In-principle Approval for Merger of TPL Plastech Limited (Subsidiary Company) with Time Technoplast Limited (Holding Company), Subject to Further Approvals. 2) Board Decides Not to Proceed with Acquisition of Ebullient Packaging Private Limited ('EPPL') 3) Approved Investment in Equity Shares of Time Intercontinental Limited (TICL) comapny informed exchange regrding the above matters in Board of Directors Meeting and approved . Attachment as below. ***** Rationale for amalgamation/merger:***** The proposed amalgamation of TPL Plastech Limited with Time Technoplast Limited would, inter-alia, enable realisation of the following benefits: a) integration of the manufacturing units and product lines of both companies, enabling each distinct product category to be handled by a dedicated unit within Time Technoplast Limited; b) rationalised, product-focused unit-wise operations expected to provide greater impetus to product development, foster innovation, and improve overall manufacturing and operational efficiency; c) simplification of the Group structure and reduction in related party transactions, there by lowering compliance and administrative burden; d) pooling of financial, managerial, and technical resources, leading to optimal utilisation of resources and cost efficiencies; e) strengthening of the financial position of the consolidated entity; f) generation of operational and financial synergies to support long-term sustainable growth, thereby enhancing value for all stakeholders concerned. The Scheme is in the interest of all stakeholders of both TPL Plastech Limited and Time Technoplast Limited.