Time Technoplast Approves Merger In-Principle, Scraps EPPL Acquisition

Time Technoplast Limited's Board of Directors has granted in-principle approval for the merger of its subsidiary, TPL Plastech Limited, with the holding company. The merger, with an appointed date of April 1, 2026, aims to consolidate the group structure, rationalize manufacturing units, and enhance operational efficiency and competitive strength through synergies. The process involves appointing consultants for scheme drafting, a valuer for reports, and a merchant banker for fairness opinions, followed by finalization of the swap ratio. Separately, the Board decided not to proceed with the acquisition of Ebullient Packaging Private Limited (EPPL) due to global geopolitical developments and changes in the business environment, noting no financial loss to the company. The Board also approved an investment in equity shares of Time Intercontinental Limited.