Time Technoplast posted its best-ever financial performance in FY2025-26, with consolidated profit after tax rising 20.8% to ₹4,766.14 Mn from ₹3,944.46 Mn in FY25.

The company filed its Annual Report for FY2025-26 with stock exchanges on August 31, 2026, along with the notice of its 36th Annual General Meeting scheduled for Tuesday, September 22, 2026 at 4:00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means.

FY26 Financial Highlights

FY2025-26 marked all-time highs on both a standalone and consolidated basis across revenue, EBITDA and profit after tax. The following table summarises the key consolidated and standalone metrics.

On a consolidated basis, volume growth of 13.5% drove the revenue increase. The EBITDA margin improved to 14.7% from 14.5% in FY25. Consolidated net debt (net of cash) was reduced by ₹4,087 Mn during the year, and Return on Capital Employed stood at 18.9%.

Business Mix and Value-Added Products

Value-added products — comprising Composite Cylinders (LPG, CNG and Oxygen), Intermediate Bulk Containers (IBC) and MOX Films — recorded 18% year-on-year revenue growth and lifted their share of consolidated revenue to 29%, up from 27% in FY25. Established products delivered 10% growth and anchored the remaining 71% of consolidated revenue.

Geographically, India contributed 65% of consolidated revenue and overseas/international operations contributed 35%. The overseas business contributed ₹2,112 Cr to the overall top line, representing 35% of total revenues.

Capital Expenditure and Key Capacity Additions

Total capital expenditure for FY2025-26 was ₹3,704 Mn. Capacity expansion and automation of established products accounted for ₹1,983 Mn, while value-added products capex was ₹1,721 Mn. Key commissioning milestones during the year included:

• A fully automated CNG composite facility at Morai, Gujarat, with capacity for 1,080 cascades (approximately 65,000 cylinders annually)
• A 12,000 MT annual-capacity recycling facility at Bhilad, Gujarat (Time Ecotech Private Limited)
• Completion of Phase I of the automated IBC facility at Silvassa
• Expansion of the PE pipe facility at Gummidipoondi, Tamil Nadu
• Capacity expansion at the Georgia facility in the United States

Strategic Acquisition

Subsequent to the financial year, on June 10, 2026, the company acquired a 76% equity stake in Systoverse Private Limited, a Maharashtra-based manufacturer of ISI-certified HDPE Pipes and Sprinkler Systems under the brand 'Systo', for a cash consideration of ₹15.2 Mn. The company's total projected investment, including plant upgradations, modernisation and capacity expansion, is approximately ₹250 Mn.

Innovation and Technology Milestones

During FY2025-26, Time Technoplast became the first company in India to secure PESO approval for Type-IV hydrogen cylinders and executed its first order for hydrogen storage modules for deployment in Leh-Ladakh. The company also commenced supplies of lightweight Type-IV composite LPG cylinders for the HPCL–Swiggy Instamart pilot in Bengaluru. Power Build Batteries Private Limited, a subsidiary, received CPRI certification for OPzS stationary tubular batteries and entered into a multi-year exclusive agreement with Monbat AD, Bulgaria, for advanced VRLA stationary batteries in India.

Value-added products recorded an EBITDA margin of 18.7% compared to 13.2% for established products, reflecting the benefit of the company's continued focus on higher-margin, technology-intensive products.

Share Capital Changes and QIP

During FY2025-26, the company allotted 22,69,29,066 bonus equity shares in a 1:1 ratio on September 24, 2025, increasing paid-up capital from ₹22,69,29,066 to ₹45,38,58,132. Subsequently, on November 11, 2025, the company allotted 3,97,77,247 equity shares pursuant to a Qualified Institutions Placement at an issue price of ₹201.12 per share, aggregating to ₹800,00,00,000 (Rupees Eight Hundred Crores Only), raising total paid-up capital to ₹49,36,35,379.

Dividend and AGM

The Board of Directors recommended a final dividend of ₹1.50 per equity share of face value ₹1 each (150%) for FY2025-26, subject to shareholder approval at the 36th AGM. The total cash outflow on account of dividend payment would be ₹740.45 Mn. The record date for dividend entitlement has been fixed as Tuesday, September 15, 2026. The 36th AGM is scheduled for Tuesday, September 22, 2026 at 4:00 p.m. (IST) through VC/OAVM.

Credit Ratings

CRISIL Ratings Limited maintained the following ratings for the company's bank loan facilities:

Sustainability Initiatives

Green energy projects implemented through FY26 are expected to contribute 37,531 Tons of CO₂ reduction annually. Additional projects proposed for completion by March 2027 are expected to contribute a further 6,631 Tons of CO₂ reduction annually, bringing the projected annual CO₂ reduction to 44,162 Tons. Power Purchase Agreements executed across Karnataka, Tamil Nadu, Gujarat and West Bengal are generating annualised benefits of approximately ₹11 Crore. The company achieved a 10% reduction in carbon footprint over the FY23 baseline during the year.

Time Technoplast has scheduled its 36th Annual General Meeting for Tuesday, September 22, 2026, at 4:00 pm via video conferencing. The event marks the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The Board of Directors has recommended a final dividend of ₹1.50 per equity share of face value ₹1 each for FY26. This payout represents a 150% dividend on the face value. Shareholders must hold their shares as of the record date, fixed at Tuesday, September 15, 2026, to be eligible for the distribution.

Board Appointments and Re-Appointments

The AGM agenda includes significant changes to the board composition through special resolutions. Members will vote on the re-appointment of two non-executive directors who retire by rotation:

• Mr. Sanjaya Kulkarni (DIN: 00102575): Aged 77, he holds a B.Tech from IIT Mumbai and an MBA from IIM Ahmedabad. He has served on the board since 2003 and as Chairman since 2021.
• Mr. Mahinder Kumar Wadhwa (DIN: 00064148): Aged 73, he is a Chartered Accountant with extensive experience in finance and taxation. He has been a board member since 1995.

Additionally, the company seeks approval for the appointment of two new independent directors for a five-year term effective from August 5, 2026, to August 4, 2031:

• Mr. Devendra Jitendra Shah (DIN: 03095028): Aged 71, he is a Fellow Company Secretary with over 51 years of experience in corporate law and regulatory compliance.
• Mrs. Hema Rajendra Gaitonde (DIN: 11835462): Aged 56, she is a Fellow Company Secretary and Cost Accountant with over 35 years of experience in corporate governance and legal compliance.

Dividend Payment and Taxation

Dividends will be paid electronically on or after September 23, 2026, subject to tax deduction at source (TDS). The company requires shareholders to update their Permanent Account Number (PAN) and residential status details with their Depository Participants or the Registrar and Share Transfer Agent by Monday, September 14, 2026, to ensure correct TDS application.

For shareholders holding physical shares, SEBI mandates that dividends be paid only through electronic modes such as the National Automated Clearing System. Folios must be KYC compliant to receive payments directly into bank accounts.

E-Voting and Meeting Logistics

Remote e-voting will commence on Thursday, September 17, 2026, at 9:00 am and conclude on Monday, September 21, 2026, at 5:00 pm. MUFG Intime India Private Limited serves as the e-voting service provider. The cut-off date for determining voting rights is Tuesday, September 15, 2026.

Members can attend the meeting via the InstaMeet platform. The facility is available on a first-come-first-served basis for up to 1,000 members, though large shareholders, promoters, and institutional investors are exempt from this restriction.