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.

Time Technoplast Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 2026. The submission outlines the company's environmental performance and strategic sustainability milestones achieved during the period.

The filing highlights significant capital expenditure directed toward sustainable technologies. Approximately 25.06% of total capital expenditure in FY26 was invested in specific technologies to improve environmental and social impacts, a notable increase from 14.24% in the previous year. This investment supported the commissioning of a greenfield recycling facility at Bhilad, Gujarat, with an annual capacity of 12,000 metric tonnes for captive consumption.

Operational Milestones

The company advanced its circular economy strategy through its wholly-owned subsidiary, Time Ecotech Private Limited. The Bhilad facility marks the first of three planned recycling plants across India, aimed at supporting Post-Consumer Recycled (PCR) compliance.

Key developments disclosed in the report include:

• Approval for manufacturing High-Pressure Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for diverse applications including transportation and medical use.
• Approval for designing and manufacturing 250-litre high-pressure Type IV composite hydrogen cylinders for onboard use in buses and trucks.
• ICAT test report approval for E-Rickshaw Batteries built on lead-selenium technology.

Environmental Performance

The report discloses detailed metrics on energy consumption and waste management. Total energy consumed from renewable sources stood at 46,646,218,800 KJ in FY26, up from 40,862,655,665 KJ in FY25. Conversely, energy from non-renewable sources was 705,424,739,184 KJ, compared to 680,848,685,356 KJ in the prior year.

Waste management data shows total waste generation rose to 4,239 metric tonnes from 3,945 metric tonnes in FY25. However, the volume of waste recovered through recycling or re-use also increased to 3,714 metric tonnes from 3,450 metric tonnes. The company reported achieving a 10% reduction in carbon footprint compared to the FY23 baseline.

What the Numbers Show

The divergence between rising non-renewable energy consumption and the stated goal of sourcing 75% of power from green sources within two years indicates a transitional phase in the company's energy mix. While renewable energy intake grew by approximately 14% year-on-year, it still constituted a small fraction of total energy usage, which exceeded 752 billion KJ in aggregate. The heavy reliance on non-renewable sources suggests that upcoming Power Purchase Agreements (PPAs) in Maharashtra and Uttarakhand will be critical to meeting the stated decarbonization targets.