Time Technoplast Ltd sells 400,000 promoter shares at Rs 178.29 each

What Time Technoplast announced

Time Technoplast Limited filed a disclosure with the National Stock Exchange (NSE) and BSE on 24 June 2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records an inter‑se transfer of 400,000 equity shares (representing 0.08 % of the company’s paid‑up share capital) by members of the promoter group. The shares were sold in the open market at an average price of Rs 178.29 per share. Importantly, the transaction did not alter the promoter group’s aggregate holding, which remains at 47.56 % of the total voting capital.

Transaction details

• Date of transfer: 23 June 2026
• Number of shares transferred: 400,000
• Percentage of total share capital: 0.08 %
• Average price per share: Rs 178.29
• Mode of acquisition/sale: Open‑market inter‑se transfer among promoters
• Acquirers / sellers: The filing lists nine individuals and entities that are part of the promoter group, including Vishal Anil Jain, Naveen Kumar Jain, Raghupathy Thyagarajan, Time Securities Services Ltd, Bharat Kumar Vageria, Vishwalaxmi Trading & Finance Pvt Ltd, Time Exports Pvt Ltd, Ritu Jain, and Aruna Bharat Vageria.

The transaction was executed through the stock exchanges (BSE & NSE) and the proceeds were transferred between promoters; no new capital was raised and no external party acquired a stake.

Promoter group holdings before and after the transfer

The filing provides a snapshot of each promoter’s shareholding before and after the inter‑se transfer. For brevity, the key figures are summarised below:

The net effect of the transfer is a re‑allocation of shares within the promoter group, leaving the combined holding unchanged at 47.56 % of the paid‑up share capital.

Key facts at a glance

Why this matters for investors

The disclosure confirms that the promoter group has re‑balanced its internal shareholdings without diluting existing shareholders or inviting new investors. Because the overall promoter stake remains at 47.56 %, the control dynamics of the company are unchanged. The transaction also demonstrates compliance with SEBI’s takeover regulations, signalling that the company is adhering to statutory disclosure requirements. For investors, the key take‑away is that there is no immediate impact on share capital, voting power, or dilution, and the market price of the shares reflects an open‑market transaction rather than a preferential allotment.

Conclusion

Time Technoplast’s filing under Regulation 29(2) records an intra‑promoter transfer of 400,000 shares at Rs 178.29 each, executed on 23 June 2026. The move leaves the promoter group’s aggregate holding unchanged at 47.56 % of the company’s equity, indicating no shift in control or dilution for existing shareholders. The filing satisfies SEBI’s disclosure norms, and no further regulatory approvals are pending for this specific transaction.