Time Technoplast Board Approves Merger with TPL Plastech

Time Technoplast Limited (TTL) announced that its Board of Directors, along with the Audit Committee and Committee of Independent Directors, have approved the scheme of amalgamation for the merger of its subsidiary, TPL Plastech Limited (TPL), with TTL. The merger, effective from April 1, 2026, will see TPL dissolved without winding up, and its shareholders will receive 403 equity shares of TTL for every 1,000 equity shares of TPL. The scheme is subject to statutory and regulatory approvals, including from stock exchanges and the National Company Law Tribunal. The rationale for the merger is to consolidate operations and achieve synergistic benefits.