BSECompany Update7 Aug 2026 · 7 Aug 2026, 05:33 pm
Monitoring Agency Report for the Quarter ended June 30, 2026.
Time Technoplast Ltd · 532856
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Time Technoplast Ltd has received a monitoring agency report from CARE Ratings Limited for the quarter ended June 30, 2026, regarding the utilization of proceeds raised through its Qualified Institutional Placement (QIP) of Rs. 800.00 crore.
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Time Technoplast Ltd - 532856 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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TlmE7
August 07, 2026
National Stock Exchangeo f India Ltd. BSEL imited
Exchange Plaza, 5th Floor, lst Floor, New Trading Ring,
Plot No. C-1, Block G, Rotunda Building,
Bandra– Kurla Complex, P.J.T owers, DalaIS treet,
Bandra (East), Mumbai – 400 051 Fort, Mumbai – 400 001
Symbol: TIMETECHNO Scrip Code: 532856
Dear Sir/Madam,
Sub: Monitoring Agency Report for the Quarter ended June 30, 2026
Pursuant to Regulation 32(6) of SEBI( Listing Obligations and Disclosure Requirements) Regulations/
2015, read with Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended June
30, 2026, issued by CARER atings Limited ('Monitoring Agency'), appointed to monitor the
utilisation of proceeds raised by the Company through its Qualified Institutional Placement ('QIP').
The Report has been reviewed by the Audit Committee and noted by the Board of Directors.
The report will also be availableo n the websiteo f the Companya t
https://www.timetechnoplast.com/investor-center/qualified-institutional-placement/
You are requested to take note of the same.
Thankingy ou,
Yours Faithfully,
For TIMET ECHNOPLASLTI MITED
IVIANOJK UIVIARM EWARA
SR. VP FINANCE & COMPANY SECRETARY
TIME TECHNOPLAST LTD
With a vision for the future
GIN : L27203DD1989PLC003240
Regd. Office : 101, 1s t Floor. Centre Point, Somnath Daman Road. Somnath, Dabhol, Nani Daman, Daman - 396210
Corp. Off. : 55, Corporate Avenue, 2nd Floor, Saki Vihar Road, Andheri (East), Mumbai - 4CXI0 72 INDIA Tet, : 91-22-7111 9999 /9g)3 E-mal : ttl@tjmetechnoplast.mm Website . www.tlmetechnoplast.com
Bangalore (080) 277353+6 / 47 Baddi ' 9816720202/9816820202n816700202 Chennai (044) 4501 0019 / 29 Delhi : {0120) 4326144 /4284946 Hyderabad ' 9849019428 Ko
No. CARE/KRO/GEN/2026-27/1057
The Board of Directors
Time Technoplast Limited
55, Corporate Avenue,
2nd Floor, Saki Vihar Road, Andheri (East),
Mumbai - 400072
August 05, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the QIP Time Technoplast Limited
(“the Company”)
We write in our capacity of Monitoring Agency for the Qualified Institutional Placement for the amount aggregating to
Rs. 800.00 crore of the Company and refer to our duties cast under Regulation 173A of the Securities & Exchange Board
of India (Issue of Capital & Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid
SEBI Regulations and Monitoring Agency Agreement dated November 06, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Richa Bagaria
Associate Director
Richa.jain@careedge.in
CARE Ratings Limited
Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital
15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East),
Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Report of the Monitoring Agency
Name of the issuer: Time Technoplast Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects
of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be
accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA
which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and
opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner
whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship
between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not
act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report
pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that
there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue
proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be
captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting
their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been
reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Richa Bagaria
Designation of Authorized person/Signing Authority: Associate Director
CARE Ratings Limited
Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital
15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East),
Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
1) Issuer Details:
Name of the issuer : Time Technoplast Limited
Name of the promoter : Time Securities Services Private Limited, Vishwalaxmi Trading and Finance Private Limited, Time Exports Private Limited, Bharat
Kumar Vageria, Naveen Kumar Jain, and Raghupathy Thyagarajan.
Industry/sector to which it belongs : Industrial packaging, composite cylinder, energy storage systems and polymer pipes industries
2) Issue Details
Issue Period : November 06, 2025, to November 11, 2025
Type of issue (public/rights) : Qualified Institutional Placement of equity shares
Type of specified securities : Equity Shares
IPO Grading, if any : Not applicable
Issue size (in crore) : Rs. 800.00 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information / certifications considered Comments of the Comments of the
Particulars Reply
by Monitoring Agency for preparation of report Monitoring Agency Board of Directors
The proceeds from QIP have been
utilized appropriately for the
objectives mentioned in the offer
Chartered Accountant certificate*, Bank
Whether all utilization is as per the disclosures in the Offer document in Q1FY27 except for
No Statements, Placement Document and Board No comments
Document? Rs.1.74 crore which has been used for
Resolutions
purposes other than mentioned in
placement document. For details
refer section 4(ii) of the report.
Whether shareholder approval has been obtained in case of There has been no material deviation
Chartered Accountant certificate*, Placement
material deviations# from expenditures disclosed in the Offer NA from expenditures disclosed in the No comments
Document, Management undertaking
Document? Offer Document.
Whether the means of finance for the disclosed objects of the Chartered Accountant certificate*, Placement
No There has been no such change. No comments
issue have changed? Document, Management undertaking
Is there any major deviation observed over the earlier monitoring There is no major deviation observed
No Monitoring Agency Report dated May 13, 2026 No comments
agency reports? over the earlier monitoring agency
CARE Ratings Lim
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