TPL Plastech board approves merger with Time Technoplast; share swap ratio set

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

TPLPLASTEH · price

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▲ 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

+11.2%Reaction day

₹64.10

prior close

₹68.67

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+11.5% vs market

Packaging peers, median of 61sector-0.7%+11.9% vs sector

On the reaction day the stock moved 11.5 pts more than Nifty Microcap 250 and 11.9 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

+2.2

10m

+0.9

15m

+0.0

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+11.2-0.3+11.5-0.7+11.9

Next day

+8.3-1.5+9.9-1.1+9.4

+6.9-1.5+8.4-1.3+8.1

+7.9-0.2+8.2-1.1+9.0

+6.6-0.5+7.0-1.5+8.1

+5.3-3.2+8.5-2.9+8.2

+5.6-2.2+7.8-1.8+7.4

15d

-4.1-9.5+5.4-8.7+4.6

-5.6pendingpending-6.4+0.7

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 61Pending

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

AI summary

TPL Plastech board approved merger with parent Time Technoplast Limited (TTL). Share swap ratio set at 403 TTL shares for every 1,000 TPL shares held. TPL is a 74.86 percent subsidiary of TTL and will be dissolved without winding up. Appointed date is April 1, 2026. TTL will issue around 79 lakh new equity shares. Scheme is subject to NCLT, BSE, NSE, shareholder and creditor approvals.

Likely market impact

TPL shareholders will receive TTL shares per swap ratio; TPL will be dissolved and delisted once scheme becomes effective.