TTL board approves merger of subsidiary TPL Plastech
TIMETECHNO · price
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Time Technoplast board approved merger of its 74.86 percent subsidiary TPL Plastech into itself. Share swap ratio fixed at 403 TTL shares of Re 1 face value for every 1,000 TPL shares of Rs 2 face value. TPL had turnover of Rs 422.66 crore and net profit of Rs 29.07 crore in FY26. About 79 lakh new TTL shares will be issued to TPL shareholders. Appointed date is April 1, 2026. Scheme subject to NCLT, BSE and NSE approvals.
Minor subsidiary merger with limited new share issuance to public; subject to NCLT and exchange approvals which may take several months.