TPL Plastech to merge with Time Technoplast; share exchange ratio set
TPL Plastech Limited will merge with Time Technoplast Limited, effective April 1, 2026. Shareholders will receive 403 Time Technoplast shares for every 1,000 TPL Plastech shares. The merger is subject to regulatory approvals. TPL Plastech's FY26 turnover was ₹422.66 crore, net profit ₹29.07 crore.
A merger or amalgamation is a significant corporate action that can fundamentally alter the company's structure, operations, and financial standing, thus having a high impact.
The merger is expected to create synergies, integrate operations, and strengthen the financial position of the combined entity, which is generally positive for shareholders.
TPL Plastech Limited announced the approval of its merger with Time Technoplast Limited by its Board of Directors on September 29, 2026. This merger, structured as an amalgamation by absorption, was previously granted in-principle approval on August 26, 2026. The scheme is effective from the appointed date of April 1, 2026.
The approved scheme involves the dissolution of TPL Plastech Limited without winding up and the issuance of new equity shares to TPL Plastech's shareholders. As per the determined share exchange ratio, shareholders of TPL Plastech will receive 403 fully paid-up equity shares of Time Technoplast (face value ₹1 each) for every 1,000 fully paid-up equity shares of TPL Plastech (face value ₹2 each).
The merger is subject to obtaining necessary statutory and regulatory approvals, including those from stock exchanges (BSE and NSE), the National Company Law Tribunal (NCLT), and the shareholders and creditors of both companies. The Board meetings for reviewing the valuation report and share exchange ratio commenced at 03:00 p.m. and concluded at 04:00 p.m. on September 29, 2026.
As of March 31, 2026, TPL Plastech Limited reported a turnover of ₹42,266.31 lakhs (₹422.66 crore), a net worth of ₹16,889.68 lakhs (₹168.90 crore), and a net profit of ₹2,907.07 lakhs (₹29.07 crore). Time Technoplast Limited's consolidated figures for the same period were a turnover of ₹6,11,440.46 lakhs (₹6,114.40 crore), a net worth of ₹4,16,620.97 lakhs (₹4,166.21 crore), and a net profit of ₹46,872.48 lakhs (₹468.72 crore). The rationale for the merger includes integrating manufacturing units, rationalizing product lines, simplifying the group structure, pooling resources, strengthening the financial position, and generating operational and financial synergies for sustainable growth.
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.