Board Meeting24 Sept 2026, 09:57 pm
TPL Plastech Board to Consider Merger Scheme on Sep 29, 2026
AI Summary
TPL Plastech Ltd has announced that its Board of Directors will convene on September 29, 2026, to deliberate and approve a proposed Scheme of Merger. This merger involves TPL Plastech Limited (Transferor Company) being merged into Time Technoplast Limited (Transferee Company). The agenda includes the approval of the scheme, its valuation report, and a fairness opinion. The merger is planned under Sections 230-232 of the Companies Act, 2013, and SEBI regulations, subject to necessary 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 considering a merger scheme.
- Merger involves TPL Plastech with Time Technoplast.
- Valuation report and fairness opinion to be approved.
- Subject to shareholder, NCLT, and regulatory approvals.
Price Impact
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