TIMETECHNO

TIME TECHNOPLAST; TO ACQUIRE 76% STAKE IN SYSTOVERS 🚧 • 🤝 Signs MoU to acquire 76% stake in Systovers Pvt Ltd (SPL) • 📍 Strengthens presence in HDPE pipes & infrastructure segment • 🌍 Expands footprint in Maharashtra (key infra growth market) • ⚙️ SPL has BIS approvals + govt empanelment + ready capacity • 💰 Benefits from lower tax rate (15%) + state subsidies & incentives • 📈 Expected synergies + growth opportunities in pipe business 🟢 Impact: Positive (Inorganic growth + margin benefits + stronger infra positioning)