Time Technoplast sells 400,000 promoter shares at Rs 178.38 each

What Time Technoplast announced

On 23 June 2026, Time Technoplast Limited filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records the sale of 400,000 equity shares by members of the promoter group. The shares were transferred in the open market at an average price of Rs 178.38 per share. Importantly, the transaction is classified as an inter‑se (inter‑se) transfer among promoters, meaning the total promoter holding in the company remains unchanged.

"The aggregate holding of Promoter and Promoter Group before and after the above inter‑transaction remains unchanged at 47.56% of the paid‑up share capital of the company." – Promoter, Time Technoplast Ltd.

Details of the inter‑se transfer

The filing lists nine individuals and entities that belong to the promoter group:

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

Each of these parties transferred a portion of their shareholding, totalling 400,000 shares (0.08% of the total paid‑up capital). The transaction was carried out on the open market, and the average price realised was Rs 178.38 per share. No new shares were issued, and there was no change in the overall voting power of the promoter group.

Shareholding impact

Before the transfer, the combined promoter holding amounted to 47.56% of the paid‑up share capital. After the inter‑se transfer, the holding percentage remains exactly the same. The total equity share capital of the company is 49,36,35,379 shares, which also represents the diluted share capital after the transaction.

The filing provides a snapshot of shareholdings before and after the transfer for each promoter:

• Naveen Kumar Jain: from 89,97,500 shares to 87,97,500 shares
• Raghupathy Thyagarajan: from 90,77,500 shares to 86,77,500 shares
• Vishal Anil Jain: from 5,99,880 shares to 1,99,880 shares
• Time Securities Services Ltd (acquirer): from 8,46,92,772 shares to 8,56,92,772 shares
• Bharat Kumar Vageria: from 91,29,500 shares to 91,29,500 shares (no change)
• Vishwalaxmi Trading and Private Ltd: from 7,02,01,018 shares to 7,02,01,018 shares (no change)
• Time Exports Private Ltd: from 4,47,64,938 shares to 4,47,64,938 shares (no change)
• Ritu Jain: from 71,32,500 shares to 71,32,500 shares (no change)
• Aruna Bharat Vageria: from 2,00,000 shares to 2,00,000 shares (no change)

These adjustments reflect the internal re‑allocation of shares among promoters without affecting the overall control structure.

Key facts at a glance

Why this matters for investors

The disclosure confirms that the promoter group has re‑balanced its internal shareholdings without altering its overall voting power. Because the total promoter stake stays at 47.56%, the control dynamics of the company remain unchanged. The transaction does not result in dilution, nor does it introduce new shareholders. Investors can therefore treat this filing as a routine internal transfer rather than a signal of strategic shift or capital raising.

Regulatory compliance under SEBI’s SAST rules ensures transparency of any substantial share movement. By filing the disclosure promptly, Time Technoplast satisfies its obligations and provides the market with a clear picture of promoter activity.

Conclusion

Time Technoplast Ltd disclosed an inter‑promoter sale of 400,000 shares at Rs 178.38 each on 23 June 2026. The sale represents a marginal 0.08% of the company’s paid‑up capital and leaves the promoter group’s aggregate holding unchanged at 47.56%. No dilution or change in control results from the transaction, and the filing satisfies SEBI’s Regulation 29(2) requirements.