Board approves merger of 74.86% subsidiary TPL Plastech with Time Technoplast

Scheme filed with the NCLTStrategic 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

-1.2%Reaction day

₹185.07

prior close

₹183.75

announcement price

After-mkt

timing

Nifty Microcap 250market-0.3%-1.0% vs market

Plastic Products - Industrial peers, median of 45sector-0.0%-1.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.2 pts less 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

+2.0

10m

+1.8

15m

+1.8

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.3-1.0-0.0-1.2

Next day

-2.5-1.5-0.9-1.5-1.0

-3.0-1.5-1.5-0.9-2.1

-0.9-0.2-0.6-1.2+0.3

-0.4-0.5+0.1-1.1+0.6

-1.8-3.2+1.4-2.9+1.2

-5.3-2.2-3.2-2.6-2.7

15d

-14.7-9.5-5.2-6.5-8.2

-14.1-9.2-4.9-5.3-8.7

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 45Pending

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

AI summary

Time Technoplast board approved the merger of its 74.86% subsidiary TPL Plastech into itself, effective April 1, 2026. Share exchange ratio: 403 TTL shares (face value Rs 1) for every 1,000 TPL shares (face value Rs 2). TTL will issue about 79 lakh new shares to TPL shareholders. Post-merger, promoter holding dips from 47.47% to 46.73%. Scheme now needs NCLT, BSE and NSE approvals. Rationale: operational synergies, simplified group structure, and lower compliance burden.

Likely market impact

Mild dilution of about 0.74% for existing TTL shareholders. Streamlined group structure and cost synergies expected. Awaiting NCLT and exchange approvals.