Time Technoplast Sees Inter-Se Transfer of Equity Shares Within Promoter Group
Time Technoplast Ltd. completed an inter-se transfer of equity shares involving members of the Promoter Group on June 23, 2026. The transaction involved the sale of 4,00,000 equity shares at an average price of Rs. 178.29 per share through the open market.The inter-se transfer was conducted among various members of the Promoter/Promoter Group. Key sellers in this transaction included Naveen Kumar Jain, Raghupathy Thyagarajan, and Vishal Anil Jain. The shares were acquired by Time Securities Services Private Limited, a member of the Promoter Group.
Before the sale, the aggregate holding of the Promoter and Promoter Group stood at 47.56% of the paid-up share capital. Following the transfer, the collective holding of the Promoter and Promoter Group remains unchanged at 47.56%.
The transaction details provided shed light on the movements in shares across various entities within the Promoter structure:
| Entity | Shares Sold/Acquired (Units) | % W.r.t. Total Share Capital (Pre-Sale) | % W.r.t. Diluted Capital (Pre-Sale) |
|---|---|---|---|
| Naveen Kumar Jain | 2,00,000 | 0.04 | 0.04 |
| Raghupathy Thyagarajan | 4,00,000 | 0.08 | 0.08 |
| Vishal Anil Jain | 4,00,000 | 0.08 | 0.08 |
The shares sold by these individuals resulted in their respective post-sale holdings being registered at:
- Naveen Kumar Jain: Post-sale holding of 1.78%
- Raghupathy Thyagarajan: Post-sale holding of 1.76%
- Vishal Anil Jain: Post-sale holding of 0.04%
Time Securities Services Private Limited, the acquirer, increased its stake in the company through this transfer, achieving a post-acquisition holding of 17.36%. The transaction was recorded as taking place on June 23, 2026, and involved an inter-se transfer between Promoter/Promoter Group members.
TIMETECHNO Stock Price Movement
Shares of Time Technoplast Limited are edging higher to ₹179.35 as of 3:05 PM, gaining 0.55% in live trading. The stock sees active market interest, with volume reaching nearly 3.92 million shares and the share price reaching a session high of ₹182.47.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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