Time Securities Services Acquires 1 Million Shares in Time Technoplast Ltd Amid Promoter Group Consolidation
Time Securities Services Private Limited has acquired 10,00,000 equity shares in Time Technoplast Ltd. as part of an inter-se transfer amongst members of the promoter group. The acquisition represents 0.20% of the total share capital of Time Technoplast Ltd., aimed at consolidating shareholding within the group.The transaction was completed on June 23, 2026.
As per the details provided for the acquisition, Time Securities Services Private Limited acquired shares from three promoters: Mr. Naveen Kumar Jain, Mr. Raghupathy Thyagarajan, and Mr. Vishal Anil Jain.
Details of the shares acquired are presented below:
| Acquirer | Seller | Number of Shares Acquired |
|---|---|---|
| Time Securities Services Private Limited | Mr. Naveen Kumar Jain | 2,00,000 |
| Time Securities Services Private Limited | Mr. Raghupathy Thyagarajan | 4,00,000 |
| Time Securities Services Private Limited | Mr. Vishal Anil Jain | 4,00,000 |
The overall transaction saw the acquisition of a total of 10,00,000 shares, accounting for 0.20% of the diluted share capital of Time Technoplast Ltd. The shares were purchased at Market Price.
Shareholding Impact and Details
Prior to the transaction, the holding status of the acquirer and sellers was as follows:| Promoter/Group | Shares Held (Pre-Transaction) | % of Total Share Capital | Shares Held (Post-Transaction) | % of Total Share Capital |
|---|---|---|---|---|
| Time Securities Services Private Limited | 2 | 1% | 2 | N/A |
| Mr. Naveen Kumar Jain | 89,97,500 | 1.82% | 87,97,500 | 1.78% |
| Mr. Raghupathy Thyagarajan | 90,77,500 | 1.84% | 86,77,500 | 1.76% |
| Mr. Vishal Anil Jain | 5,99,880 | 0.12% | 1,99,880 | 0.04% |
The aggregate holding of the Promoter and Promoter Group remained unchanged at 47.56% of the paid up share capital of Time Technoplast Ltd.
TIMETECHNO Stock Price Movement
As of 12:46 PM in live trading, shares of Time Technoplast Limited are edging higher, climbing 0.91% and currently quoting at ₹180.00. The stock remains active, having traded within a range between a low of ₹176.41 and a high of ₹182.47, with over 3.41 million shares exchanged during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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