TPL Plastech gets in-principle merger approval with Time Technoplast

TPL Plastech Limited's Board of Directors has granted in-principle approval for the merger of the company with its holding company, Time Technoplast Limited. The merger, subject to further regulatory and shareholder approvals, aims to consolidate the group structure, optimize manufacturing units, and enhance operational efficiency. The appointed date for the merger is April 01, 2026. The process involves appointing consultants for the Scheme of Amalgamation, a registered valuer, and a merchant banker to determine the fair share exchange ratio. Additionally, the board approved the appointment of Mr. Sunil Vyas as the new CFO, effective October 1, 2026, and accepted the resignation of the current CFO, Mr. Pawan Agarwal, effective September 30, 2026.