Time Technoplast opens QIP at floor price of INR 211.70

Time Technoplast Limited's committee of directors, in a meeting on November 6, 2025, approved the opening of a Qualified Institutions Placement (QIP) for equity shares. This decision follows the board's approval on October 25, 2024, and a special resolution by shareholders on November 28, 2024. The QIP is being conducted under relevant SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013.

The floor price for the issue has been set at INR 211.70 per equity share, calculated based on the pricing formula prescribed under Regulation 176 of the SEBI ICDR Regulations. The company may offer a discount of not more than 5% on this floor price. Additionally, the committee approved the preliminary placement document dated November 6, 2025, and the draft application form for the QIP.

The "relevant date" for the QIP is November 6, 2025. The trading window for designated persons of the company closed on October 1, 2025, and will reopen 48 hours after the declaration of the quarterly financial statement for the quarter and half-year ended September 30, 2025.