ScoutQuest •
TPL Plastech's Board approved a scheme of amalgamation into parent company Time Technoplast Ltd (TTL), effective April 1, 2026, offering 403 TTL shares of Rs 1 each for every 1,000 shares of Rs 2 each held.
TPL Plastech, a 74.9% subsidiary of TTL, will dissolve without winding up, with TTL issuing 79,01,516 new shares, subject to BSE, NSE, NCLT, shareholder, and creditor approvals.