Scheme of Arrangement

TlmE7 September 29, 2026 BSEL imited National Stock Exchange of India Ltd. lst Floor, New Trading Ring, Exchange Plaza, 5th Floor, Plot No. C-1,B lockG , Rotunda Building, Bandra – Kurla Complex, P.J.T owers, DalaI Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 532856 Symbol: TIMETECHNO Meeting Commencement Time 04:00 p.m. Meeting Conclusion Time 06:00 p.m. DearS ir/Madam, sub: Outcome of Board Meeting held on September 29, 2026 This is in continuation to our letter dated August 26, 2026 intimating that the Board of Directors at its meeting held on August 26, 2026 had accorded its in-principle approvalt o the proposed merger of TPLP lastechL imited (“TPL” or “Transferor Company”) with Time Technoplast Limited/ subject to/ inter alia, the appointment of a registered valuer and a merchant banker/ and the determination of the share exchanger atio. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirernents) Regulations2/ 015 (“Listing Regulations”),w e wish to inform you that the Audit Committee, the Committee of Independent Directors and the Board of Directors of Time Technoplast Limited (“TTL” or “the Company” or “Transferee Company") at their meetings held today i.e. September 29, 2026, have inter alia reviewed the valuation report and the share exchange ratio/ and the Board/ basedo n the recommendationosf the Audit Committeea nd the Committee of Independent Directors, has approved the scheme of amalgamation (merger by absorption) of TPL with the Company and their respective shareholders and creditors, with effect from the Appointed Date of April 1, 2026, under Sections2 30 to 232 and other applicable provisions of the CompaniesA ct, 2013 read with the rules made thereunder (“Scheme”). The Scheme inter alia provides for the amalgamation of TPL with the Company, dissolution of TPLw ithout winding up or any further act, deed or thing, and issuanceo f equity shareso f the Companyto the shareholderso f TPL( other than the Company)a s per the share exchanger atio, being 403 (Four Hundred and Three) fully paid-up equitY shareso f TTLo f Rl/_ each for every 1/000 (One Thousand) fully paid-up equity shares of TPL of q2/- each, and various other matters incidental thereto. TIME TECHNOPLAST LTD. Bringing Polymers To Life CIN : L27203DD1989PLC003240 Rogd. Office : 101, lst Floor, Centre Point, Somnath Daman Road, Somnath, Dabhol, Nani Daman, Daman - 396210 CorpC, H:. 55,C orTnraAtvee nu2en, dF kx)rS, akVi ihaRr oad,Andh(Eena stM), umb-a 4i CX07) 2IN DIAT el:. 9 1-22-71W119 9F ax: 91-22-28H5772 Emai:l Wmetnhnopbst.mmW ebsi:t we w,timetaclrst.mm 80) 26608056/61 Baddi : 9816720202/9816700202/9816820202C hennai (044) 4501 0019/29 Delhi : (0120) 4326144/4284946 Hyderabad : 9849019428 Kolkata : (033) 46037097/98 TlmEl"' The Scheme is, inter alia, subject to the receipt of statutory and regulatory approvals, including approvals from BSEL imited and National Stock Exchangeo f India Limited, the jurisdictional National CompanyL awT ribunal Bench,a nd the shareholdersa nd creditors of the respective companies involved in the Scheme. The details as required under Regulation 30 of the Listing Regulations read with SEBIM aster Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2d0a2t6e d January 30, 2026 are encloseda sA nnexureA . YoursF aithfully, ForT imeT echnoplastL imited Manoj Kumar Mewara Sr. VP Finance and Company Secretary TIME TECHNOPLAST LTD. VUtha visIon for the future TlmE7 Annexure A Disclosureu nder Regulation 30 of the Securitiesa nd ExchangeB oard of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sr. Particulars Details of Information 1 name of the entity(ies) Nameo f the Entities:T PLP lastechL imited( "Transferor forming part of the Company") and Time Technoplast Limited ("Transferee amalgamation/merger, Company"). details in brief such as, size,t urnover etc.; The Transferor Company is a 74.86% subsidiary of the Transferee Company. The audited consolidated turnover, net worth and net profit of the companies as on March 31, 2026 are as under: (Ri n lakhs) TPL Time Technoplast Plastech Limited Particulars Limited Turnover 42,266.31 6,11,440.46 Net Worth 16,889.68 4,16,620.97 Net Profit 2,907.07 46,872.48 2 whether the transaction No, in terms of GeneralC ircular No. 30/2014 dated July would fall within related 17, 2014 issuedb y the Ministry of CorporateA ffairs, party transactions?i f yes, transactions arising out of compromises, arrangements and amalgamations under the Companies Act, 2013 will whether the samei s done not attract the requirementso f Section 188o f the Act. at “arm’s length"; 3 area of business of the TPL Plastech Limited: Manufacturing of industrial entity(ies); packaging products, including plastic jerry cans, drums and Intermediate Bulk Containers (IBC). Time Technoplast Limited: Manufacturing of packaging products (plastic drums, jerry cans/pails, IBCs), composite products (LPG,C NG, hydrogen cylinders, fire extinguishers),P Ep ipes, and other productsi ncluding MOX films, auto products, and turf and matting. TIME TECHNOPLASTL TD. With a vision for the future Sr. Particulars Detailso f Information 4 rationale for Rationalef or amalgamation/merger: amalgamation/ The proposed merger of TPL Plastech Limited with Time merger; Technoplast Limited would, inter-alia, enable realisation of the following benefits: a) integration of the manufacturing units and product lines of both companies,e nabling each distinct product category to be handled by a dedicated unit within Time Technoplast Limited; b) rationalised, product-focused unit-wise operations expected to provide greater impetus to product development, foster innovation, and improve overall manufacturing and operational efficiency; c) simplification of the Group structure and reduction in related party transactions, thereby lowering compliance anda dministrativeb urden; d) pooling of financial, managerial,a nd technical resources, leading to optimal utilisation of resources and cost efficiencies; e) strengtheningo f the financial position of the consolidated entity; f) generation of operational and financial synergies to support long-term sustainableg rowth, thereby enhancing valuef or all stakeholdersc oncerned. The Scheme is in the interest of all stakeholders of both TPL Plastech Limited and Time Technoplast Limited. 5+ in case of cash TPLs hareholdersw ill receive 403 fully paid-up equity shareso f consideration – TTL (face value Rs. 1/- each) for every 1,000 fully paid-up equity amount or shares of TPL (face value Rs. 2/- each) held by them. otherwise share exchange ratio; The Share ExchangeR atio has been arrived at based on Valuation Report of Mr. Nitesh Chaturvedi, Independent RegisteredV aluer and confirmed by a FairnessO pinion of Axial Capital Private Limited (Category 1 Merchant Banker). TIME TECHNOPLAST LTD. WIth a visIon for the future Particulars Detailso f Information brief details of TransferorC ompany- TPLP lastechL imited change in Category Pre-merger Post-merger shareholding pattern (if any)of No. of % of No. of % of listed entity. shares voting shares voting rights rights Promoter 5,83,96,260 74.86% 0 0.00% Promoter Group Public 1,96,06,740 25.14% 0 0.00% Total 7,80,03,000 100,00% 0 0.00% Shares held by Time TechnoplastL imited (promoter) stand cancelled on merger; TPLi s dissolved without winding up. Transferee Company – Time Technoplast Limited Resultantly, basis the shareholding pattern of Transferee Company, the Company is expected to issue 79,01,516 equity sharest o the shareholderosf TransferorC ompanyb asisw hich the pre and post-mergers hareholdingp attern would be as under: Category Pre-merger Post-merger No. of % of No. of % of shares voting shares voting rights rights Promoter 23,43,45,608 47.47% 23,43,45,608 46.73% Promoter Group Public 2,59,289,771 52.53% 26,71,91,287 53.27% Total 49,36,35,379 100,00% 50, 15,36,895 100,00% Pre-merger 49,36,35,379 shares; 79,O1,516 new [Showing first 8,000 characters — download PDF for full document]