Time Technoplast promoter group consolidates holding via inter-se transfer
Time Technoplast Limited disclosed an inter-se transfer of 10,00,000 equity shares within its promoter group on June 23, 2026. Time Securities Services Private Limited acquired the shares from three individual promoters to consolidate shareholding. The aggregate holding of the promoter and promoter group remains unchanged at 47.56% of the paid-up share capital following this transfer.
*this image is generated using AI for illustrative purposes only.
[Time Technoplast Limited](time technoplast) disclosed an inter-se transfer of 10,00,000 equity shares within its promoter group on June 23, 2026. Time Securities Services Private Limited acquired the shares from three individual promoters to consolidate shareholding. The aggregate holding of the promoter and promoter group remains unchanged at 47.56% of the paid-up share capital following this transfer.
Time Securities Services Private Limited purchased 2,00,000 shares from Mr. Naveen Kumar Jain, 4,00,000 shares from Mr. Raghupathy Thyagarajan, and 4,00,000 shares from Mr. Vishal Anil Jain. The shares were acquired through the open market at an average price of ₹176.52 per share. The total acquisition represents 0.20% of the company's equity share capital.
The transaction falls under the exemptions provided in Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the acquirer is exempt from making an open offer. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Details
The transfer resulted in changes to the individual holdings of the promoters while the total promoter group percentage remained stable. Time Securities Services Private Limited increased its stake, while the selling promoters reduced their respective holdings.
| Shareholder | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Time Securities Services Private Limited | 8,46,92,772 | 17.16 | 8,56,92,772 | 17.36 |
| Mr. Naveen Kumar Jain | 89,97,500 | 1.82 | 87,97,500 | 1.78 |
| Mr. Raghupathy Thyagarajan | 90,77,500 | 1.84 | 86,77,500 | 1.76 |
| Mr. Vishal Anil Jain | 5,99,880 | 0.12 | 1,99,880 | 0.04 |
| Vishwalaxmi Trading and Finance Private Limited | 7,02,01,018 | 14.22 | 7,02,01,018 | 14.22 |
| Time Exports Private Limited | 4,47,64,938 | 9.07 | 4,47,64,938 | 9.07 |
| Bharat Kumar Vageria | 91,29,500 | 1.85 | 91,29,500 | 1.85 |
| Ritu Jain | 71,32,500 | 1.44 | 71,32,500 | 1.44 |
| Aruna Bharat Vageria | 2,00,000 | 0.04 | 2,00,000 | 0.04 |
| Total | 23,47,95,608 | 47.56 | 23,47,95,608 | 47.56 |
Historical Stock Returns for Time Technoplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.38% | +0.71% | +0.84% | -3.18% | -20.88% | +324.99% |
Does this consolidation of shares into Time Securities Services signal a potential restructuring of the promoter group's ownership hierarchy?
Will the individual promoters who reduced their stakes continue to decrease their holdings in the near future?
How might this shift in ownership distribution influence the company's future corporate governance decisions?
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