Board Meeting21 Aug 2026, 07:40 pm
Time Technoplast Board to Consider Merger with Subsidiary TPL Plastech
AI Summary
Time Technoplast Ltd has announced a board meeting scheduled for August 26, 2026, to consider and approve the merger of its 74.86% subsidiary, TPL Plastech Limited, with the parent company. The merger, to be conducted under Sections 230-232 of the Companies Act, 2013, is subject to regulatory approvals. TPL Plastech specializes in industrial packaging products like jerry cans and drums, while Time Technoplast has a diversified product portfolio including packaging, composite products, and pipes, with a significant global manufacturing presence.
Key Highlights
- Board meeting scheduled for August 26, 2026.
- Proposal to merge subsidiary TPL Plastech with Time Technoplast.
- Merger subject to statutory and regulatory approvals.
- TPL Plastech is a 74.86% subsidiary of Time Technoplast.
- Time Technoplast has a diversified product range and global presence.
Price Impact
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