Acquisition

TlmElr August 26, 2026 National Stock Exchange of India Ltd. BSEL imited Exchange Plaza, 5th Floor, 1“ Floor,N ewT radingR ing, Plot No. C-1, Block G, Rotunda Building, Bandra – Kurla Complex, P.J.T owers, DalaI Street, Bandra( East)M, umbai– 400 051 Fort, Mumbai – 400 001 Symbol: TIMETECHNO Scrip Code: 532856 Meeting Commencement Time 04:00 p.m Meeting Conclusion Time 07:15 p.m Dear Sir/Madam, Sub: Outcome of Board Meeting held on August 26, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ('ListingR egulations”),w e wish to inform you that the Board of Directors of Time Technoplast Limited ('TTL’)a t its meeting held today i.e. on August 26, 2026, inter-alia, transacted and approved the following businesses: 1. In-principle Approval for Merger of TPL Plastech Limited (Subsidiary Company) with Time Technoplast Limited (Holding Company), Subjectt o Further Approvals The Board considered and deliberated on the proposal for merger of TPL Plastech Limited ("Transferor Company" or “TPL”), Subsidiary Company listed on BSEL imited and NSE with Time Technoplast Limited (“Transferee Company”) Holding Company, which holds 74.86% stake in TPL/ with the Appointed Date as April O1,2 026, pursuant to the Sections 230 to 232 and other applicable provisions of the CompaniesA ct, 2013 read with the rules made thereunder, on the basis that the transaction is expected to secure the long-term interests of all stakeholders. The proposed merger is expected to facilitate consolidationo f the group structure1a nd re- arrangemento f the manufacturing units and product lines of TPL Plaste('hL 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. The combination of the two businessesi s expected to generate operational and financial synergies. TIME TECHNOPLAST LTD With a vision for the future CIN : L27203DD1989PLC003240 Regd. Office : 101, 1s t Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396210 Corp. Off. : 55, Corlxxate Avenue, 2nd Floor, Saki Uhar Road, Arxlh8d (East), Mumbai - 4CX)0 72 INDIA Tel. : 91-22-7111 9999 / gm E.mail : ttl@timetechnoNast.com Website : www.timetechnoplast.com Bangalore : (080) 27735346 /47 Beddi : 9816720202n816820202/9816700202 Chennai (044) 4501 0019/ 29 Delhi : (0120) 4326144 / 4284946 Hyderabad : 9849019428 Kolkata : (033) 65980034 TimEIr The Board has accorded its in-principle approval to the proposed merger, subject to the following: i) Appointment 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) Determination of the fair share exchange ratio ("Swap Ratio"), based on the valuation report submitted by an independent registered valuer; Upon completion of the above process,t he 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 SEBI Listing Regulations read with SEBIM aster Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, are enclosed herewith asA nnexure A. 2. Board Decides Not to Proceedw ith Acquisition of Ebullient PackagingP rivate Limited ('EPPL') The Board wishes to inform, in continuation of the Company's earlier intimation dated September 06, 2025, wherein the Exchangew as informed that Time Technoplast Limited had entered into a Memorandum of Understanding ("MoU") with the Promoters of Ebullient PackagingP rivate Limited ("EPPL")f or acquisition of a 74% stake in EPPL,t hat the MoU period has since expired. Sincet he execution of the MoU, the Board has remained actively engaged with the proposed transaction and has adopted a diligent, structured approach towards its evaluation. In furtherance of this, the Company had appointed an independent consultant to carry out a comprehensive due diligence exercise covering the financial, operational, legal, and commercial aspects of EPPL's business.T he Board also continuously monitored and reviewed the performance and business trajectoroyf EPPoLn a quarter-by-quarbtears isi,n ordert o arrivea t an informeda ndw ell- consideredd ecision. However, in view of subsequent global geopolitical developments, including the West Asia conflict, and the consequent changes in the overall business environment, including demand and growth prospects.T he Board deliberated on all relevant scenarios, businessv iability, and strategic considerations, and after such thorough evaluation, has decided not to proceed with the proposed acquisition of EPPLT. he discontinuation of this proposal shall not result in any financial loss to the Company. TIME TECHNOPLAST LTD WIth a vIsion for the future TlmElr 3. Approved Investment in Equity Shares of Time Intercontinental Limited (TICL) Time IntercontinentalL imited was incorporatedo n February2 0, 2025, to carry on the businesso f trading, import, export, processing,a nd distribution of various types of polymers, including polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC),a nd other synthetic raw materials, masterbatches,a nd related products, for industrial, commercial, agricultural and domestic use. Time Intercontinental Limited is promoted by the Promoters/Promoter Companies of Time Technoplast Limited who have more than 40 years of experience in polymer business and is professionally managed,w ith Mr. Sureshkumar P.T.,a seasoned professional with over 33 years of experience in the petrochemicals industry, including a long tenure with Reliance Industries Limited (RIL). After detailed deliberation, the Board approved an investment of up to Rs. 50 crores, in one or more tranches, towards subscription to Equity Shareso f Time Intercontinental Limited at face value, to subscribe up to 65% of its paid-up share capital, with the remaining 35% shares to be subscribed at face value by the Promoters/Promoter Group Companies. Pursuant to the said investment, Time IntercontinentalL imited would becomea subsidiaryo f the Company. The proposed investment in Time Intercontinental Limited is expected to significantly benefit the Company by enabling bulk purchase discounts on polymer procurement for the Group, as suppliers typically offer volume-based pricing benefits. 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. Yours Faithfully, For Time Technoplast Limited Manoj Kumar Mewara Sr. VPF inancea nd CompanyS ecretary TIME TECHNOPLAST LTD WIth a vision for the future TlmE7 Annexure A Disclosureu nder Regulation 30 of the Securities and ExchangeB oard of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sr. Particulars I 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 companiesa s on March 31, 2026 are as under: (R in lakhs) Limited I Technoplast Particulars I Limited whether the transactionw ould fall 2 Yes, TPL Plastech Limited and Time Technoplast within related party transactions? if yes, Limited are [Showing first 8,000 characters — download PDF for full document]