TPL Plastech Board Approves Merger with Time Technoplast Ltd

TPL Plastech Limited's Board of Directors, along with the Audit Committee and Committee of Independent Directors, has approved the scheme of amalgamation (merger by absorption) with Time Technoplast Limited (TTL). The merger is effective from April 1, 2026. Under the scheme, TPL shareholders will receive 403 equity shares of TTL for every 1,000 shares held in TPL. The transaction is subject to statutory and regulatory approvals, including from stock exchanges and the National Company Law Tribunal. TPL Plastech is a 74.86% subsidiary of TTL.