What was filed
Time Technoplast Limited gave notice under Regulation 29 of the SEBI LODR Regulations that its board will meet on Wednesday, 26 August 2026. On the agenda is a proposal to merge **TPL Plastech Limited** — a subsidiary in which Time Technoplast holds its stake — into Time Technoplast itself. TPL Plastech is separately listed on BSE and NSE and would be the transferor company, with Time Technoplast as the transferee.
The filing states the merger is being pursued under Sections 230 to 232 of the Companies Act, 2013, subject to obtaining all necessary statutory and regulatory approvals.
The businesses involved
Per the filing, Time Technoplast manufactures a diversified range of products: packaging such as plastic drums, jerry cans, pails and Intermediate Bulk Containers (IBC); composite products including LPG, CNG and hydrogen cylinders and fire extinguishers; PE pipes; and others. It describes a manufacturing presence across several countries spanning India, the Middle East, Southeast Asia and the USA.
TPL Plastech, the intended transferor, is described as making industrial packaging products in India — plastic jerry cans, drums and IBCs — overlapping with the parent's own packaging line.
What this stage means
This is an intimation of a board meeting, not an approved transaction. It signals only that a proposal to consolidate a majority-held listed subsidiary into the parent will be considered on 26 August 2026. No swap ratio, valuation, timeline or approval status is disclosed. Those details, should the board proceed, would follow in a later scheme of arrangement subject to regulatory clearances.