TTL Board Approves TPL Plastech Merger; 403:1000 Share Swap

Time Technoplast Ltd (TTL) announced its Board of Directors, Audit Committee, and Committee of Independent Directors approved the scheme of amalgamation (merger by absorption) of TPL Plastech Limited (TPL) with TTL. TPL, a 74.86% subsidiary of TTL, will be dissolved without winding up. The merger is effective from April 1, 2026. The approved share exchange ratio is 403 fully paid-up equity shares of TTL (₹1/- each) for every 1,000 fully paid-up equity shares of TPL (₹2/- each). As of March 31, 2026, TPL reported a turnover of ₹42,266.31 lakhs and a net profit of ₹2,907.07 lakhs. The scheme is subject to various statutory and regulatory approvals, including from BSE, NSE, NCLT, and shareholders.