Time Technoplast Limited has successfully completed the repayment of its commercial paper that reached maturity on December 22, 2025. The company informed BSE Limited about the timely repayment through an official communication dated December 22, 2025.

Commercial Paper Repayment Details

The repayment was executed in accordance with the company's earlier intimation to BSE Limited on December 5, 2025, where Time Technoplast had fixed December 19, 2025 as the record date for the repayment process.

Regulatory Compliance

The repayment process was conducted in compliance with Para 8.4 of Chapter XVII of SEBI's Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. This circular governs the operational requirements for commercial paper transactions and repayments.

The company certified that the maturity amount of the commercial paper was repaid in full and on time, demonstrating adherence to its debt obligations and regulatory requirements.

Corporate Communication

The intimation was signed by Manoj Kumar Mewara, Company Secretary and Compliance Officer of Time Technoplast Limited. The communication was addressed to the General Manager-Listing CRD at BSE Limited as part of the mandatory disclosure requirements for listed companies.

Time Technoplast has officially announced the successful completion of trials for India's first hydrogen-powered drone, integrated with Type-III fully wrapped composite hydrogen cylinders and hydrogen fuel-cell systems. The company made this announcement on December 22, 2025, through a regulatory filing, marking a significant technological and commercial milestone in clean aviation technology.

Official Trial Completion and Validation

The hydrogen-powered drone has successfully completed initial performance trials and validation tests, meeting all targeted endurance, payload, and operational parameters. This represents the first successful integration in India of composite hydrogen cylinders made in India with fuel-cell-powered unmanned aerial platforms.

Technological Advantages Over Battery Systems

The hydrogen-powered drone technology delivers compelling operational advantages over battery-based systems. These include 3-5 times longer flight endurance, rapid refueling capabilities within minutes, higher payload capacity, consistent power output, lower lifecycle operating costs, and zero-emission operation.

Market Opportunities and Commercial Implications

The successful trials materially expand the company's addressable market within the rapidly growing global drone ecosystem. With the global drone market estimated at USD 30.00 billion currently and projected to reach USD 70.00 billion by 2033, demand is accelerating for high-performance, long-endurance, and sustainable propulsion solutions.

Hydrogen-powered drones are expected to see increasing adoption across agriculture, surveillance, defence, logistics, emergency response, infrastructure inspection, and environmental monitoring applications. This initiative aligns with the Government of India's Green Hydrogen Mission and the Make-in-India vision.

Strategic Foundation and Future Outlook

This development follows Time Technoplast becoming the first Indian manufacturer to receive Petroleum and Explosives Safety Organization (PESO) approval for Type-III hydrogen composite cylinders. The project has been executed and validated within the committed timeline, reinforcing the company's ability to translate advanced clean-energy technologies into deployable solutions.

The successful demonstration establishes Time Technoplast as a pioneer in India's emerging hydrogen economy and positions the company at the forefront of next-generation clean-energy aviation platforms, unlocking a high-growth applications segment for composite hydrogen storage solutions.