Time Technoplast acquires 76% stake in Systoverse for about Rs 25 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

TIMETECHNO · price

Loading chart…

▲ 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

-2.8%Reaction day

₹168.36

prior close

₹167.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-1.7% vs market

Plastic Products - Industrial peers, median of 37sector-0.5%-2.3% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.3 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

+0.7

10m

+0.3

15m

-0.2

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.1-1.7-0.5-2.3

Next day

+1.3+1.9-0.6+1.5-0.3

+5.6+3.7+2.0+1.6+4.0

+6.0+4.2+1.8+2.0+4.1

+6.5+5.4+1.1+1.4+5.1

+5.9+5.9-0.0+2.6+3.3

+4.5+7.6-3.1+3.9+0.7

15d

+7.5+7.7-0.1+1.7+5.8

+10.9+8.6+2.3+1.6+9.2

+23.2+10.5+12.6+1.9+21.3

+7.5+13.3-5.8+4.6+2.9

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 37Pending

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

AI summary

Time Technoplast has signed a Share Purchase Agreement to acquire 76% stake in Systoverse Private Limited, an HDPE pipe and sprinkler maker based in Dhule, Maharashtra. Total investment is around Rs 25 Crores, covering the equity stake plus capex for plant upgrades, modernization and capacity expansion. Systoverse has an annual capacity of 3,600 Metric Tonnes and will become a subsidiary of Time Technoplast. The deal strengthens the company's HDPE pipe portfolio and adds a Maharashtra manufacturing presence.

Likely market impact

Boosts HDPE pipe capacity and adds Maharashtra footprint. Modest about Rs 25 Cr spend. Subsidiary addition supports inorganic growth plans.