General Updates

26th August, 2026 National Stock Exchange of India Ltd. BSEL imited ExchangPel aza5, th Floor, lst Floor,N ewT radingR ing, Plot No. C-1, Block G, Rotunda Building, Bandra – Kurla Complex, P.JT. owers,D alaIS treet, Bandra( East)M, umbai– 400 051 Fort, Mumbai– 400 001 Symbol: TPLPLASTEH Scrip Code: 526582 Mee CommencementT ime 02:00p .m Meeting Conclusion Time 04:00 p.m Dear Sir/Madam, Sub: Outcome of Board Meeting held on 26th August, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Board of Directors of TPL Plastech Limited at its meeting held today i.e. on 26thA ugust, 2026, inter-alia, transacted and approved the following businesses: 1. In-principle Approval for Merger of the Companyw ith Time Technoplast Limited, Subject to Further Approvals The Board considered and deliberated on the proposal for merger of the Company ("Transferor Company", i.e., TPL) with its holding company, Time Technoplast Limited ("Transferee Company"), listed on BSEL imited and NSE,w hich holds 74.86%s take in the Transferor Company,w ith the Appointed Date as April 01, 2026, pursuant to Sections2 30 to 232 and other applicable provisionso f the CompaniesA ct, 2013. The proposed merger is expected to facilitate consolidationo f the group structure, and re- arrangemento f the manufacturingu nits and product lines of TPL PlastechL imited and Time Technoplast Limited, enabling each distinct product category to be handled by a dedicated unit within Time Technoplast Limited. Such rationalised, product-focused unit-wise operations are expected to provide greater impetus to product development, foster innovation, and improve the overall manufacturing and operational efficiency of the merged entity. Additionally, pooling the financial, managerial, and technical resources of both the Companies is expected to enhance the combined entity's competitive strength and reduce costs.T he combination of the two businesses is expected to generate operational and financial synergies. The Board has accorded its in-principle approval to the proposed merger, subject to the following: .,# )/ TFL Plastech Ltd, Hw / Registered Office : 102, lst Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396 210 • CIN : L25209DD1992PLC004656 Corporate Office : 203, Centre Point, J. B. Nagar, Andheri - Kurla Road, Near J. B. Nagar Chakala Metro Station, Andheri East, Mumbai - 400 059 • Tel : 022- 6852 4200 • E-mail : info@tplplastech.in • Website : www.tplplastech.in pointment of a consultant to draft the Scheme of Amalgamation and prepare related applications ii) Appointment of a registered valuer and a merchant banker to obtain the valuation report and fairness opinion, respectively; iii) Determinationo f the fair share exchanger atio ("SwapR atio"), based on the valuation report submitted by an independent registered valuer; Upon completion of the above process, the Audit Committee and the Board of Directors will convene further meeting(s) to finalise the Swap Ratio and approve the Scheme of Merger. The details as required under Regulation 30 of the SEBIL isting Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure A. 2. Appointmento f ChiefF inanciaOl fficer Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, has approved the appointment of Mr. Sunil Vyas as the Chief Financial Officer (“CFO") and Key Managerial Personnel (“KMP") of the Company under Section 203 of the CompaniesA ct, 2013, with effect from October 1, 2026. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026d ated January 30, 2026, are enclosed herewith as Annexure B. 3. Resignationo f Chief FinanciaOl fficer Mr. Pawan Agarwal has tendered his resignation from the position of Chief Financial Officer (’'CFO'’) and Key ManagerialP ersonnel( "KMP") of the Company,o wing to his decisiont o pursue another professional opportunity. The Board of Directors has duly considered and accepted his resignation, which shall be effective from the close of businessh ours on September 30, 2026. Accordingly, Mr. Pawan Agarwal will cease to hold the aforesaid positions with effect from the close of business hours on September 30, 2026. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBIM aster Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/20d2a6t ed January 30, 2026, are enclosed herewith as Annexure B. TPL Plastech LtdH nation letter receivedf rom Mr. PawanA garwali s enclosedh erewith asA nnexureC . You are equestedt o take note of the same. Thankingy ou, Yours Faithfully, For TPL Plastech Limited VP-Legal& Company Secretary & Compliance Officer TFL Plastech Ltdn Annexure A Disclosureu nder Regulation 30 of the Securities and ExchangeB oard of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sr. Particulars Detailso f Information 1 r Plastech Limited the amalgamation/merger, details in 1 ("Transferor Company") and Time Technoplast brief such as, size, turnover etc.; I Limited ("Transferee Company"). The Transferor Company is a 74.86% subsidiary of the Transferee Company. The consolidated turnover, net worth and net profit of the companies as on March 31, 2026 are as under: (Ri n lakhs) Limited I Limited Particulars 2 whether the transaction would fall Yes, TPL Plastech Limited and Time Technoplast within related party transactions? if yes, Limited are related parties, as Time Technoplast whether the same is done at “arm’s Limited holds 74.86% of the paid-up equity share length”; capital of TPL Plastech Limited. However, in terms of General Circular No. 30/2014 dated July 17, 2014 issued by the Ministry of Corporate Affairs, transactions arising out of compromises, arrangements and amalgamations under the CompaniesA ct, 2013 will not attract the requirements of Section 188 of the Act. a TPL Plastech Limited: Manufacturing of industrial 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), PE pipes, and other products including MOX films, auto products, and turf and matting. TPL Plastech Ltd, Particulars Detailso f Information 4 rationale for amalgamation/ merger; Rationale for amalgamation/merger: The proposed amalgamation of TPL Plastech Limited with Time TechnoplastL imited would, inter-alia, enable realisation of the following benefits: a) integration of the manufacturing units and product lines of both companies, enabling 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 and administrative burden; d) pooling of financial, managerial, and technical resources, leading to optimal utilisation of resources and cost efficiencies; e) strengthening of the financial position of the consolidated entity; f) generation of operational and financial synergies to support long-term sustainable growth, thereby enhancingv alue for all stakeholders concerned. The Scheme is in the interest of all stakeholders of both TPL Plastech Limited and Time Technoplast Limited 5+ in case of cash consideration – amount Not applicable at this stage. or otherwise share exchange ratio; 6+ brief details of change in shareholding Not applicable at this stage. pattern (if any) of listed entity. +The share excha [Showing first 8,000 characters — download PDF for full document]