TPL Plastech to Merge with Time Technoplast, Share Exchange Ratio Approved
TPL Plastech Limited's Board approved its merger with Time Technoplast Limited (TTL). The scheme involves a share exchange ratio of 403 TTL shares for every 1,000 TPL Plastech shares. The merger aims to integrate operations and simplify group structure. The Appointed Date is April 1, 2026.
A merger between two companies is a significant corporate action that will fundamentally alter the structure and operations of TPL Plastech Limited, impacting its shareholders, creditors, and overall market presence.
The merger is expected to create synergies, integrate operations, and strengthen the financial position of the combined entity, which is positive for stakeholders.
TPL Plastech Limited announced the approval of its amalgamation with Time Technoplast Limited (TTL) by the Board of Directors on September 29, 2026. This merger, effective from the Appointed Date of April 1, 2026, will see TPL Plastech dissolved without winding up.
The approved scheme of amalgamation involves the issuance of 403 fully paid-up equity shares of TTL (face value ₹1 each) for every 1,000 fully paid-up equity shares of TPL Plastech (face value ₹2 each). This share exchange ratio has been determined based on a valuation report by Mr. Nitesh Chaturvedi and confirmed by Axial Capital Private Limited.
The merger is subject to obtaining necessary statutory and regulatory approvals, including those from stock exchanges (BSE and NSE), the National Company Law Tribunal, and the shareholders and creditors of both companies. The rationale behind the merger includes integration of manufacturing units and product lines, simplification of the group structure, pooling of resources, and strengthening the financial position of the consolidated entity.
As of March 31, 2026, TPL Plastech Limited had a turnover of ₹42,266.31 lakhs (₹422.66 crore), net worth of ₹16,889.68 lakhs (₹168.90 crore), and net profit of ₹2,907.07 lakhs (₹29.07 crore). Time Technoplast Limited had a consolidated turnover of ₹6,11,440.46 lakhs (₹6,114.40 crore), net worth of ₹4,16,620.97 lakhs (₹41,662.10 crore), and net profit of ₹46,872.48 lakhs (₹468.72 crore).
What to do with a filing like this
TPL Plastech Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by TPL Plastech Limited. Read the original for the full detail.