Time Technoplast Announces Q1 Results; Appoints Directors and Reconstitutes Key Board Committees

Time Technoplast Announces Q1 Results; Appoints Directors and Reconstitutes Key Board Committees​

Time Technoplast Limited, following its Board meeting held on August 05, 2026, has released the unaudited financial results for the quarter ended June 30, 2026. The outcomes of the board meeting included the approval of these financial results, the appointment of two new independent directors, and the reconstitution of various Board committees.

Financial Performance Snapshot (Consolidated)​

The company's consolidated unaudited financial results show key performance indicators across the recent quarters. The complete Statement of Consolidated Unaudited Financial Results is available, presenting data in Lakhs.

Key operational highlights for the quarter ended June 30, 2026, include:

• Revenue from Operations: 1,69,271 (compared to 1,35,265 in Q1 FY25 and 1,67,667 in Q4 FY26).
• Total Income: A 69% increase.
• Net Profit For the Period: 11,786.

The performance across business segments was also detailed:

Standalone Results and Financial Metrics (Q1 FY27)​

The unaudited standalone results for the quarter ended June 30, 2026, were also disclosed. Key metrics include:

• Revenue from Operations: 86,683 Lakhs.
• Cost of Materials Consumed: 63,725 Lakhs.
• Net Profit After Tax (standalone): The specific net profit figure was not provided in the consolidated statement but standalone income and expenditure figures were presented.

The company's operational ratios as of June 30, 2026, include:

Governance and Directorship Updates​

The Board of Directors approved the appointment of two individuals as Additional Directors, both designated as Non-Executive Independent Directors for a term of five consecutive years. The appointments are effective from August 05, 2026, subject to approval by the Members at the ensuing Annual General Meeting.

Director Appointments:

• Mr. Devendra Jitendra Shah (DIN: 03095028): A Fellow Member of the Institute of Company Secretaries of India with over 51 years of experience in Corporate Legal Matters, Finance, and Strategy. Mr. Shah is not related to any Director or Key Managerial Personnel of the company.
• Mrs. Hema Rajendra Gaitonde (DIN: 11835462): A commerce and law graduate with over 35 years of experience in corporate law, finance, and regulatory compliance across the manufacturing and pharmaceutical sectors. Mrs. Gaitonde is not related to any Director or Key Managerial Personnel of the company.

Reconstitution of Board Committees​

The meeting also approved the reconstitution of several key committees of the Board of Directors effective August 05, 2026:

Audit Committee:

• Deepak Bakhshi (Non-Executive Independent Director) is the Chairperson.
• Devendra Jitendra Shah (Additional Non-Executive Independent Director) and Bharat Kumar Vageria (Managing Director & CFO) are Members.

Nomination and Remuneration Committee:

• Deepak Bakhshi (Non-Executive Independent Director) is the Chairperson.
• Devendra Jitendra Shah (Additional Non-Executive Independent Director) and M. K. Wadhwa (Non-Executive Non Independent Director) are Members.

Compensation Committee:

• Deepak Bakhshi (Non-Executive Independent Director) is the Chairperson.
• Devendra Jitendra Shah (Additional Non-Executive Independent Director) and Vishal Jain (Non-Executive Director) are Members.

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Key Event Highlights​

The Board meeting covered several other corporate matters:

• Annual General Meeting: The 36th Annual General Meeting of the Members is scheduled for Tuesday, September 22, 2026, via Two-way Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
• Record Date: Tuesday, September 15, 2026, has been fixed as the Record Date to determine the entitlement of Members for the payment of the final dividend for the Financial Year 2025-26.

The company previously secured Rs. 781.13 Crore (net of CIIP expense) from the proceeds of a fresh issue of equity shares, with utilization detailed across borrowings, capital expenditure for automation and recycling plants, and funding inorganic growth.

TIMETECHNO Stock Price Movement​

Time Technoplast Limited shares slipped on Wednesday, shedding 0.16% to settle at ₹207.26 after closing the session. The stock saw a volume of 2.75 million shares traded as investors reacted to the slight dip.