Time Technoplast shares are now trading adjusted for their 1:1 bonus issue, marking a significant milestone for the company and its shareholders. The record date for this corporate action was set for September 23, with the stock reflecting the adjusted price in today's trading session.

Bonus Issue Details

The 1:1 bonus issue means that shareholders who held Time Technoplast shares as of Monday's close will receive one additional share for every share they owned. It's important to note that investors purchasing the stock today will not be eligible for this bonus allotment. This marks Time Technoplast's first-ever bonus issue, potentially enhancing liquidity and making the stock more accessible to a broader range of investors.

Recent Business Developments

Time Technoplast has been making strides in its business operations. On September 9, the company secured a significant contract worth ₹67.20 crore for CNG/CBG mobile storage cascades. This development showcases the company's continued growth in the industrial packaging and technical molded products sector.

Financial Performance

The company's financial performance has been robust, as evidenced by its June quarter results:

These figures demonstrate strong year-on-year growth, with net profit increasing by 41.00% and revenue rising by 14.00% compared to the same quarter in the previous year.

Stock Performance

In the previous trading session, Time Technoplast's stock closed at ₹476.90, experiencing a marginal decline of 0.60%. However, looking at a broader timeframe, the stock has shown impressive performance, gaining 18.50% over the last six months.

Commercial Paper Repayment

In a recent development, Time Technoplast has fulfilled its financial obligations by making a timely repayment of a commercial paper. According to the company's LODR (Listing Obligations and Disclosure Requirements) filing dated September 22, Time Technoplast repaid the maturity amount of a commercial paper with the ISIN No. INE508G14HI2 on its due date of September 22. This demonstrates the company's commitment to meeting its financial responsibilities and maintaining a strong financial position.

The bonus issue, coupled with the company's recent contract win, solid financial performance, and timely debt repayment, paints a picture of a company on a growth trajectory. Investors and market watchers will likely keep a close eye on Time Technoplast's future developments and financial performance in the coming quarters.

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.