TPL Plastech board approves in-principle merger with Time Technoplast

Strategic Transactions View source PDF Explain this filing

TPLPLASTEH · 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

+0.6%Reaction day

₹77.05

prior close

₹79.03

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.8% vs market

Packaging peers, median of 63sector-0.2%+0.7% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.7 pts more than its Packaging 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

-0.3

15m

-1.4

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-0.2+0.8-0.2+0.7

Next day

-4.3+0.1-4.3+0.2-4.4

-7.9+0.4-8.3+0.0-7.9

-6.7-0.6-6.1-0.2-6.6

-7.5-1.2-6.3-0.0-7.5

-6.3-0.6-5.7+0.2-6.5

-10.9+0.5-11.4-0.4-10.5

15d

-15.0-0.2-14.7-3.1-11.9

-16.6-1.5-15.1-3.1-13.5

-18.1-8.0-10.1-7.1-11.0

—————

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 63Pending

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

AI summary

TPL Plastech board gave in-principle approval for merger with holding company Time Technoplast, which owns 74.86 percent stake. Appointed date is April 1, 2026, under Sections 230 to 232 of Companies Act. Swap ratio pending, to be set by a registered valuer. Goal is to merge operations, cut costs, simplify group structure. Sunil Vyas becomes new CFO from Oct 1, 2026, replacing Pawan Agarwal who leaves Sep 30, 2026.

Likely market impact

Minority holders await swap ratio; merger with parent likely means shares exchanged for Time Technoplast shares.