TPL Plastech Limited has scheduled its 33rd Annual General Meeting for September 22, 2026. The company will hold the meeting through video conferencing or other audio-visual means. The Board of Directors recommended a final dividend of ₹1.30 per equity share.

The dividend payout represents a 65% return on the ₹2 face value of each equity share. This recommendation is subject to shareholder approval at the upcoming meeting. The Board approved the dividend during its meeting held on May 26, 2026.

Key Dates and Procedures

Shareholders must be on the register as of Tuesday, September 15, 2026, to receive the dividend and participate in voting. The record date for the dividend aligns with the cut-off date for e-voting eligibility.

E-Voting and Compliance

Remote e-voting will begin at 9:00 am on September 17, 2026, and conclude at 5:00 pm on September 21, 2026. Members who have not voted remotely may cast their votes during the AGM via the electronic voting system provided by NSDL. Once a vote is cast and confirmed, it cannot be modified.

The company published newspaper advertisements in The Free Press Journal, Gujarat Mitra, and Navshakti on August 28, 2026. These disclosures comply with Regulation 30 of the SEBI Listing Regulations and MCA General Circular No. 03/2025 dated September 22, 2025.

What the Numbers Show

The final dividend of ₹1.30 per share indicates a moderate payout ratio relative to the share's face value. With the dividend payment scheduled shortly after the AGM, shareholders on record by September 15 will receive proceeds via Electronic Clearing Service or other permitted modes. Investors holding physical shares must ensure their KYC details are updated with the RTA by September 14 to avoid delays in dividend credit.

TPL Plastech board has given in-principle approval to merge with its holding company, Time Technoplast, at its meeting held on August 26, 2026. The move aims to streamline operations and consolidate the group structure.

Merger details

The amalgamation involves TPL Plastech as the transferor company and Time Technoplast as the transferee entity. Time Technoplast currently holds a 74.86% stake in TPL Plastech. The proposed Appointed Date for the merger is April 1, 2026.

The board noted that the merger would facilitate the rearrangement of manufacturing units and product lines, enabling each distinct product category to be handled by a dedicated unit within Time Technoplast. This rationalised structure is expected to improve manufacturing efficiency and foster innovation.

The approval is subject to further steps, including the appointment of a consultant to draft the Scheme of Amalgamation, the appointment of a registered valuer and merchant banker, and the determination of the fair share exchange ratio. The Audit Committee and Board will convene further meetings to finalise the swap ratio and approve the scheme.

Financial context

As on March 31, 2026, the consolidated financials highlight the scale difference between the two entities:

Key managerial personnel changes

The board also transacted business related to key managerial personnel changes during the same meeting.

Mr. Pawan Agarwal has resigned from the position of Chief Financial Officer and Key Managerial Personnel, effective September 30, 2026. He cited personal professional opportunities as the reason for his departure.

Mr. Sunil Vyas has been appointed as the new Chief Financial Officer and Key Managerial Personnel, effective October 1, 2026. Mr. Vyas brings over 19 years of experience in accounts and finance and has been associated with TPL Plastech for over 16 years.