DHARMESH BHATT R A
26 Aug • 11:45 PM · SEBI-Registered Analyst
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.
