TPL Plastech Board Approves Merger Into Time Technoplast At 403:1000 Ratio

Board approved merger of TPL Plastech into parent Time Technoplast from Apr 1 2026. TPL holders get 403 TTL Re1 shares per 1000 TPL Rs2 shares; needs exchange, NCLT, shareholder nods. First merger on record; simplifies group, cuts compliance burden and pools resources for efficiency and synergies. TPL, 74.86% subsidiary, to dissolve without winding up. TTL to issue 79.0 lakh shares; promoter 47.47% to 46.73%. Record date and approvals pending; no dividend mentioned despite seven-year September streak.