TPL Plastech Limited , a subsidiary of Time Technoplast Ltd and a manufacturer of technology-based industrial packaging products, has announced its financial results for the first quarter, showing robust growth in revenue and profitability.

Financial Highlights

The company reported a consolidated revenue from operations of Rs 904.10 crore for Q1, marking a 17.2% increase from Rs 771.70 crore in the same quarter last year. The growth was primarily driven by a strong year-on-year volume growth of 20%, attributed to the successful ramp-up of operations at the company's Greenfield facility in Dahej, Gujarat.

TPL Plastech's EBITDA for the quarter stood at Rs 100.40 crore, up 17% from Rs 85.80 crore in the previous year's Q1. The EBITDA margin remained stable at 11.1%. The company's profit after tax (PAT) saw a significant increase of 22.1%, reaching Rs 54.70 crore compared to Rs 44.80 crore in the corresponding quarter of the previous year.

Operational Highlights

The company's growth was supported by rising demand from core sectors such as chemicals, specialty chemicals, and pharmaceuticals. TPL Plastech's Greenfield facility in Dahej, which commenced operations recently, has been instrumental in meeting the growing market demand for key industrial packaging products, including Plastic Containers and Intermediate Bulk Containers (IBCs).

Future Outlook

Building on the positive momentum, TPL Plastech aims to achieve approximately 15% volume growth per annum. The company has undertaken further capacity expansion initiatives through Brown/Greenfield projects to enhance overall productivity and cater to the increasing market demand effectively.

Sustainability Initiatives

TPL Plastech has set an ambitious target to transition 75% of its electricity consumption to green energy within the next two years. This shift is expected to deliver meaningful cost efficiencies while significantly reducing carbon emissions, aligning with the company's broader sustainability vision.

Annual General Meeting and Dividend

The Board of Directors has announced that the 32nd Annual General Meeting (AGM) of the company will be held on September 9 at 12:00 noon through video conferencing. The book closure dates have been set from September 3 to September 9 (both days inclusive) for AGM purposes and dividend payment.

Material Related Party Transactions

The company has approved material related party transactions for the next financial year, subject to shareholder approval at the upcoming AGM. These include transactions with Time Technoplast Limited (the holding company) for an aggregate amount not exceeding Rs 425.00 crore, and with Avion Exim Private Limited for an amount not exceeding Rs 110.00 crore.

TPL Plastech Limited continues to demonstrate strong performance in the industrial packaging sector, leveraging its technological capabilities and strategic expansion to meet the growing demand in key industries. The company's focus on sustainability and operational efficiency positions it well for continued growth in the coming years.

TPL Plastech Limited , a prominent player in the plastic industry, has announced that its shareholders have given a resounding approval to two significant related party transactions for the financial year 2025-2026. The approval came through a postal ballot voting process, demonstrating strong shareholder confidence in the company's strategic decisions.

Key Highlights of the Shareholder Approval

• Transactions Approved: Two material related party transactions received shareholder approval:

  1. A transaction with Time Technoplast Limited, the holding company of TPL Plastech
  2. A transaction with Avion Exim Private Limited

• Voting Process: The remote e-voting was conducted from June 27 to July 26, 2025, with results declared on July 28, 2025.

• Overwhelming Support: Both ordinary resolutions received near-unanimous approval:

  • 99.99% votes in favor
  • Only 0.01% votes against

Voting Details

• Shareholder Participation: Out of 33,559 total shareholders on the record date (June 20, 2025), votes representing 1.96% of outstanding shares were polled.

Voting Process and Scrutiny

• The e-voting was conducted through MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).
• Arun Dash & Associates served as the scrutinizer for the voting process, ensuring transparency and accuracy.

Management Commentary

While specific management comments were not provided, the overwhelming approval suggests strong shareholder trust in the company's decision-making and future strategic direction.

About TPL Plastech Limited

TPL Plastech Limited is known for its involvement in the plastic industry. The company's shares are listed on the National Stock Exchange and BSE Limited.

This shareholder approval for related party transactions indicates TPL Plastech's commitment to transparency and corporate governance, as well as its strategic focus on strengthening business relationships within its corporate structure and with key partners for the upcoming financial year.