Time Technoplast Acquires 76% Stake in Systoverse for Inorganic Growth and HDPE Portfolio Strengthening

Time Technoplast Acquires 76% Stake in Systoverse for Inorganic Growth and HDPE Portfolio Strengthening​

Time Technoplast Limited (TTL) has executed a Share Purchase Agreement (SPA) with Systoverse Private Limited (SPL), marking a strategic step to bolster its High-Density Polyethylene (HDPE) Pipe portfolio and accelerate inorganic growth. The acquisition, completed on June 10, 2026, involves TTL acquiring an equity stake equivalent to 76% of the total paid-up share capital of Systoverse Private Limited on a net asset basis.

The remaining 24% of the stake will continue to be held by the existing shareholders of SPL. The acquisition reinforces TTL's commitment to combining sustainability with innovation and strengthening its position within the domestic pipe industry, enabling the company to offer efficient, durable, and easy-to-handle pipe solutions to its customers.

The total projected investment for this expansion stands at Rs. 25 Crores. This figure encompasses the direct acquisition of the 76% equity stake, along with expenditures designated for plant upgradations, modernization, capacity expansion, and capex related to machinery and plant infrastructure. The consideration paid for the 76% stake amounts to Rs. 1 Crore Fifty-Two Lakhs Only.

This move facilitates inorganic expansion into a separate site within the same line of business/activities in Maharashtra. TTL’s strategy is aimed at augmenting capacity, broadening its geographic reach, and accelerating growth through this alignment with the 'Make in India' initiative.

Systoverse Private Limited Profile​

The acquired entity, Systoverse Private Limited (SPL), is a private limited company incorporated under the provisions of the Companies Act, 2013. SPL is engaged in the manufacturing of ISI-certified HDPE Pipes and Sprinkler Systems under the brand name 'Systo'. The company holds its plant location in Nardana MIDC, Dhule, Maharashtra, India.

The historical operational performance of Systoverse Private Limited (SPL) is summarized below:


SPL is based in India, and the acquisition does not fall within a related party transaction as SPL is not a Related Party of Time Technoplast Limited.

TIMETECHNO Stock Price Movement​

Time Technoplast Limited shares slipped by 2.13% to close today at ₹168.69, shedding ₹3.67 from the previous close. The stock was traded in a volume of 2.04 million shares during the day.