Announced Tue, 29 Sept, 2026 · 18:59 IST
TPL Plastech board approves merger with Time Technoplast; ratio 403:1000
TPLPLASTEH · price
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Price reaction · full curve 14 horizons · vs prior close
+8.3%1-day move
₹64.10
prior close
₹68.67
base price
After-mkt
timing
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+2.2+0.9+0.0+0.7+8.3+6.9+7.9+6.6+5.3—————
Up moveDown movePending
AI summary
TPL Plastech board approved its merger by absorption with Time Technoplast Limited (TTL). Share ratio: 403 TTL shares for every 1,000 TPL shares. TPL is a 74.86 percent subsidiary of TTL and will be dissolved without winding up. Appointed date April 1, 2026. Scheme needs NCLT, BSE and NSE approvals. TTL will issue about 79 lakh new shares to TPL public shareholders, with TTL promoter holding shifting from 47.47 percent to 46.73 percent post-merger.
Likely market impact
TPL shareholders receive 403 TTL shares per 1,000 TPL shares. TPL listing will end. Scheme subject to NCLT and exchange approvals.