Board approves in-principle merger of subsidiary TPL Plastech with Time Technoplast

Listed Co AcquisitionDeal CancelledStrategic Transactions View source PDF Explain this filing

TIMETECHNO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹186.05

prior close

₹186.30

announcement price

After-mkt

timing

Nifty Microcap 250market-0.2%+0.2% vs market

Plastic Products - Industrial peers, median of 42sector-0.6%+0.6% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.6 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.1

15m

+0.0

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.2+0.2-0.6+0.6

Next day

+0.4+0.1+0.3+0.0+0.4

+1.4+0.4+1.0-1.1+2.5

+2.8-0.6+3.4-2.1+4.9

+1.3-1.2+2.5-2.1+3.4

+2.1-0.6+2.7-1.7+3.8

-0.4+0.5-0.9+0.6-1.0

15d

-3.7-0.2-3.4-2.2-1.5

-1.0-1.5+0.4-4.3+3.3

-12.3-8.0-4.4-11.0-1.4

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 42Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board gave in-principle approval to merge 74.86 percent subsidiary TPL Plastech Limited (listed on BSE and NSE) into Time Technoplast with appointed date April 1, 2026. Swap ratio and scheme yet to be finalised. Board also dropped the proposed 74 percent acquisition of Ebullient Packaging citing geopolitical headwinds, and approved up to Rs 50 crore investment in Time Intercontinental for up to 65 percent stake, making it a subsidiary for polymer trading.

Likely market impact

Consolidation simplifies group structure, cuts compliance costs, and aims for synergies. Dropped EPPL deal avoids financial loss; new polymer subsidiary enables bulk procurement savings.