Time Technoplast Limited, a leading polymer product manufacturer, has announced a significant corporate action that is set to reward its shareholders. The company has declared a bonus share issue in a 1:1 ratio, effectively doubling the number of shares held by existing shareholders.

Key Details of the Bonus Issue

• Ratio: One new fully paid-up equity share for every existing share held
• Face Value: ₹1.00 per share
• Record Date: September 15, 2025
• Shareholder Approval: To be sought at the Annual General Meeting on September 11, 2025

Implications for Shareholders

Eligible shareholders of Time Technoplast will receive one new fully paid-up equity share of ₹1.00 for every existing share held as of the record date. This move is expected to increase the liquidity of the company's shares in the stock market without affecting the company's market capitalization.

Corporate Governance and Transparency

In line with regulatory requirements, Time Technoplast has promptly informed the stock exchanges about this corporate action. The company's Senior VP Finance & Company Secretary, Manoj Kumar Mewara, communicated the details to both the National Stock Exchange of India Ltd. and BSE Limited on September 9, 2025.

Upcoming Annual General Meeting

The bonus issue is subject to shareholder approval, which will be sought at the company's 35th Annual General Meeting. The AGM is scheduled for:

• Date: September 11, 2025
• Time: 4:00 PM

Shareholders will have the opportunity to vote on this proposal along with other agenda items during the meeting.

Regulatory Compliance

The company has emphasized that the bonus issue is subject to necessary statutory and regulatory approvals, in addition to shareholder consent. This adherence to regulatory norms underscores Time Technoplast's commitment to corporate governance.

Conclusion

The announcement of this bonus issue comes as a positive development for Time Technoplast's shareholders. While the overall value of their holdings remains unchanged, the increased number of shares could potentially enhance trading liquidity. Investors and market participants will be keenly watching the outcome of the upcoming Annual General Meeting and the subsequent implementation of this corporate action.

Time Technoplast Limited (TTL) has announced a strategic move to strengthen its position in the industrial packaging sector. The company has entered into a Memorandum of Understanding (MoU) to acquire a 74% equity stake in Ebullient Packaging Private Limited (EPPL) at an enterprise value of approximately ₹200 crore.

Acquisition Details

• Target Company: Ebullient Packaging Private Limited (EPPL)
• Stake: 74% equity
• Enterprise Value: Approximately ₹200 crore
• Expected Completion: 4 to 6 months, subject to due diligence

About Ebullient Packaging Private Limited

EPPL, established in 2003, specializes in manufacturing Flexible Intermediate Bulk Containers (FIBCs), polymer drums, jerry cans, and steel containers. The company serves various industries, including chemicals, pharmaceuticals, FMCG, agriculture, and food processing.

Financial Performance and Projections

EPPL has demonstrated strong growth, with a projected revenue of ₹250 crore for FY 2025-26 and an expected EBITDA margin of 10%. The company currently operates at about 70% capacity utilization.

Strategic Rationale

This acquisition marks TTL's entry into the flexible industrial packaging segment, complementing its existing rigid packaging portfolio. Key benefits include:

1. Product Diversification: Expansion into Flexible Intermediate Bulk Containers (FIBCs) market.
2. Market Expansion: Strengthening presence in Western India and export markets, particularly Europe.
3. Cross-Selling Opportunities: Leveraging overlapping customer bases across multiple industries.
4. Sustainability Focus: Aligning with TTL's commitment to circular economy principles through EPPL's reconditioning and refurbishing capabilities.

Market Outlook

The global FIBC market is currently valued at approximately ₹75,850 crore and is projected to reach ₹1.05 lakh crore by 2030. In India, the FIBC market is estimated at around ₹7,000 crore, with an expected CAGR of about 20%.

Transaction Details

• The consideration will be paid in cash.
• Final pricing will be determined based on due diligence findings.
• The acquisition is subject to customary reviews, including financial, legal, taxation, and regulatory assessments.

Bharat Kumar Vageria, Managing Director of Time Technoplast Limited, signed the disclosure, underlining the company's commitment to this strategic expansion. This move is expected to accelerate TTL's growth trajectory and strengthen its position in the industrial packaging sector, both domestically and internationally.