Time Technoplast Limited has informed the Exchange regarding Outcome of Board Meeting held on September 24, 2025 for Allotment of Bonus Equity Shares.
TIMETECHNO · price
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On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.8 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.
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The Board of Time Technoplast approved the allotment of 22,69,29,066 bonus equity shares of Re. 1 each in a 1:1 ratio, meaning one new share for every one existing share held. The record date for eligibility was September 23, 2025. As a result, the paid-up share capital has doubled from 22,69,29,066 shares to 45,38,58,132 shares. The new shares will be credited to demat accounts of eligible members, while physical shareholders' shares will be held in a suspense escrow account until they provide required documents.
This is a value-neutral event for shareholders as the share count doubles but the total value of holdings stays roughly the same, with the share price expected to adjust downward proportionally. It signals management's confidence in the company's financial position and improves share liquidity by doubling the floating share base.