StockWatch
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Plastic Products - Industrial
Board Meeting24 Sept 2026, 09:56 pm

Time Technoplast Board to Consider Merger Scheme with TPL Plastech

AI Summary

Time Technoplast Ltd has announced a Board of Directors meeting scheduled for September 29, 2026. The primary agenda item is to consider and approve a proposed Scheme of Merger. This scheme involves the merger of TPL Plastech Limited, a subsidiary where Time Technoplast holds a 74.86% stake, into the parent company, Time Technoplast Limited. The approval process will include reviewing a valuation report and fairness opinion, and is subject to various statutory and regulatory approvals, including those from shareholders, stock exchanges, and the National Company Law Tribunal (NCLT).

Key Highlights

  • Board meeting scheduled for September 29, 2026.
  • Agenda includes approval of a merger scheme.
  • TPL Plastech Limited, a subsidiary, will merge into Time Technoplast.
  • Merger subject to regulatory and shareholder approvals.