TPL Plastech to merge with Time Technoplast; 403:1000 share swap

TPL Plastech Limited's Board, Audit Committee, and Committee of Independent Directors have approved the scheme of amalgamation (merger by absorption) with Time Technoplast Limited (TTL). The merger is effective from April 1, 2026. The share exchange ratio is set at 403 fully paid-up equity shares of TTL (₹1 each) for every 1,000 fully paid-up equity shares of TPL (₹2 each). TPL Plastech is a 74.86% subsidiary of TTL. The rationale behind the merger is to integrate manufacturing units and product lines, aiming for rationalized, product-focused unit-wise operations. The scheme is contingent on receiving all necessary statutory and regulatory approvals, including from NCLT, BSE, NSE, and the respective shareholders and creditors.