Time Technoplast sells 200,000 promoter shares at Rs 176.52 each

What Time Technoplast announced

On 23 June 2026 the promoter group of Time Technoplast Limited disclosed an inter‑se transfer of 200,000 equity shares, representing 0.04 % of the company’s paid‑up share capital. The shares were sold in the open market at an average price of Rs 176.52 per share. The filing was submitted to both the National Stock Exchange (NSE) and BSE under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011.

"The aggregate holding of promoter and promoter group before and after the above inter‑se transaction remains unchanged at 47.56 % of the paid‑up share capital of the company." – Disclosure letter, 23 June 2026

The transaction does not alter the overall promoter stake, nor does it involve any issuance of new shares, convertible securities, or warrants.

Details of the inter‑se transfer

The disclosure lists nine individuals and entities that participated in the transfer, all belonging to the promoter group:

1. Naveen Kumar Jain (seller)
2. Raghupathy Thyagarajan (seller)
3. Vishal Anil Jain (seller)
4. Time Securities Services Limited (acquirer)
5. Bharat Kumar Vageria
6. Vishwalaxmi Trading and Finance Private Limited
7. Time Exports Private Limited
8. Ritu Jain
9. Aruna Bharat Vageria

The mode of acquisition was an open‑market inter‑se transfer. The total number of shares transferred by each seller is shown in the filing, with Naveen Kumar Jain disposing 2,00,000 shares. The average transaction price of Rs 176.52 reflects the market price on the day of sale.

Shareholding pattern before and after

*The filing shows a net increase of 2,00,000 shares for Time Securities Services Ltd, reflecting the acquisition of the shares sold by the promoters.

The total promoter and promoter‑group holding before the transaction was 47.56 % of the paid‑up share capital and remained 47.56 % after the transfer, confirming that the sale was purely a reshuffling within the group.

Key facts at a glance

Why this matters for investors

The disclosure satisfies SEBI’s requirement to inform the market of any substantial change in shareholding by promoters or persons acting in concert. Although the percentage of shares transferred is minimal (0.04 %), the filing confirms that the overall promoter stake remains unchanged, eliminating concerns of dilution or a shift in control.

For investors, the key implications are:

• No dilution: No new shares were issued; the capital structure is unchanged.
• Control stability: The promoter group continues to hold a decisive 47.56 % of voting rights, indicating stable governance.
• Market price reference: The average sale price of Rs 176.52 provides a recent market‑based valuation reference for the stock.
• Regulatory compliance: By filing under Regulation 29(2), the company demonstrates adherence to takeover disclosure norms, which can be viewed positively from a corporate‑governance perspective.

Conclusion

Time Technoplast Ltd reported an intra‑group sale of 200,000 shares at Rs 176.52 each on 23 June 2026. The transaction was executed through the open market and did not affect the promoter group’s overall holding, which stays at 47.56 % of the paid‑up share capital. The filing satisfies SEBI’s disclosure requirements, and no further approvals or actions are pending concerning this specific share transfer.