Time Technoplast Limited
Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.(Source : 202003-01 Annual Report Page No:74)
What Time files
- Others46
- Investor Meet33
- Important20
- Updates17
- Board Meeting14
- Dividend/Bonus7
Time Technoplast confirmed its Type IV Composite LPG Cylinders are supplied to HPCL for their new on-demand delivery service with Instamart. This places the company as a key vendor in a significant initiative enhancing safer and convenient LPG distribution.
Time Securities Services (Promoter Group) acquired 0.1 Cr shares (0.20% equity) from other promoters for shareholding consolidation. Crucially, the aggregate promoter holding remains unchanged at 47.56% post-transaction, indicating no shift in control.
Company's promoters are undertaking an internal transfer of 10.5 lakh shares. This rearrangement within the promoter group maintains the total promoter shareholding at 47.56%.
Company allotted 3.98 crore equity shares via QIP at ₹201.12 each, raising ₹800 Cr from institutional buyers. This boosts paid-up capital from ₹45.39 Cr to ₹49.36 Cr, strengthening the balance sheet.
Time Technoplast successfully closed its QIP, raising ~₹ 800 Cr by allotting 3.98 Cr shares to qualified institutional buyers at ₹ 201.12 each. This capital infusion strengthens the company's financial position.