Time Technoplast 36th AGM Concludes Successfully

Type of Meeting: 36th Annual General Meeting
Date: Tuesday, 22nd September, 2026
Time of Commencement: 04:00 p.m. (IST)
Time of Conclusion: 05:13 p.m. (IST)
Mode/Venue: Video Conferencing utilizing the InstaMeet platform provided by MUFG Intime India Private Limited
Total Members Attended: 96 members

Directors, Key Managerial Personnel, and Auditors present via Video Conferencing:

Mr. Sanjaya Kulkarni - Chairman & Non-Executive Director
Mr. Bharat Kumar Vageria - Managing Director & Chief Financial Officer (CFO)
Mr. Naveen Kumar Jain - Whole Time Director
Mr. Sanjeev Sharma - Whole Time Director
Mr. Vishal Jain - Non-Executive Director
Mr. Deepak Bakhshi - Independent Director - Chairman of the Audit and Nomination and Remuneration Committee
Mr. Mahinder Kumar Wadhwa - Non-Executive Director
Mr. Pradip Kumar Das - Independent Director - Chairman of Stakeholder Relationship Committee
Mr. Praveen Kumar Agarwal - Independent Director
Ms. Triveni Makhijani - Independent Director
Mr. Devendra Jitendra Shah - Additional Director designated as Non-Executive Independent
Mrs. Hema Rajendra Gaitonde - Additional Director designated as Non-Executive Independent
Mr. Sandip Modi - Senior VP, Corporate Planning & Accounts
Mr. Manoj Kumar Mewara - Senior VP, Finance & Company Secretary
Mr. Neeraj Matalia - Representative of M/s. K P M R & Co., Statutory Auditor
Mr. Raman Shah - Representative of M/s. Raman S. Shah & Co., Statutory Auditor
Mr. Arun Dash - Scrutinizer and representative of the Secretarial Auditor

Adoption of the Audited Standalone Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors
Adoption of the Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Report of Auditors
Declaration of Final Dividend at rate of ₹1.50 per equity share (150%) on face value of ₹1 each for FY ended 31st March, 2026
Re-appointment of Mr. Sanjaya Kulkarni (DIN: 00102575) as Director retiring by rotation
Re-appointment of Mr. Mahinder Kumar Wadhwa (DIN: 00064148) as Director retiring by rotation

Appointment of Mr. Devendra Jitendra Shah (DIN: 03095028) as Independent Director for first term of five years from 05th August, 2026 to 04th August, 2031
Appointment of Mrs. Hema Rajendra Gaitonde (DIN: 11835462) as Independent Director for first term of five years from 05th August, 2026 to 04th August, 2031
Ratification of remuneration payable to M/s. Darshan Vora & Co., Cost Accountants, Cost Auditors for FY ending 31st March, 2027

Remote e-voting facility provided through electronic means as per Section 108 of Companies Act, 2013 and Rule 20(1) of Companies (Management and Administration) Rules, 2014
Remote e-voting period: Thursday, 17th September, 2026 at 9:00 a.m. to Monday, 21st September, 2026 at 5:00 p.m.
E-voting window remained accessible for 15 minutes following conclusion of the meeting
CS Arun Dash, Practicing Company Secretary, appointed as Scrutinizer to oversee e-voting process

Consolidated Revenue: ₹6,114 Cr (vs ₹5,462 Cr in FY25, 12% growth)
EBITDA: ₹901 Cr (14% growth)
Profit After Tax: ₹469 Cr (vs ₹388 Cr in FY25, 21% growth)
Volume growth: 13.5% year-on-year
Composite, IBC and MOX Films categories increased share of consolidated revenue to 29%

PESO approval for Type-III and Type-IV composite hydrogen cylinders
PESO approval for high-pressure Type-III 2-litre cylinders
Successful flight trials of hydrogen-powered drone integrated with composite hydrogen cylinder and fuel cell system
Strategic partnership with Poppe + Potthoff GmbH, Germany and Imperial Auto Industries Ltd. for hydrogen system solutions
Development of composite fire extinguishers and air receiver tanks
CPRI certification and multi-year agreement with Monbat AD, Europe for Power Build Batteries Private Limited
BIS license for PE Pipes for Gas Distribution
Commissioning of Time Ecotech Private Limited's first Greenfield recycling facility at Bhilad, Gujarat
Expansion of industrial packaging through automated IBC facility at Silvassa
Incorporation of Elan Steel Containers (FZC) in Sharjah

Target to transition 75% of power consumption to green energy over next two years
Solar power purchase agreements active across Karnataka, Tamil Nadu, Gujarat and West Bengal generating annualized savings of approximately ₹11 Cr
Commissioning of Time Ecotech Private Limited's first recycling plant at Bhilad

Completed merger of NED Energy Limited into Power Build Batteries Private Limited
Board's in-principle approval for merger of TPL Plastech Limited into Time Technoplast Limited under Sections 230-232 of Companies Act, 2013
Acquisition of 76% stake in Systoverse Private Limited, Maharashtra-based manufacturer of HDPE pipes and sprinkler systems (post year-end)

Pre-registered speakers raised queries on:

All queries were responded to by Mr. Bharat Kumar Vageria, Managing Director & CFO

Meeting conducted in compliance with applicable circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India
Statutory registers and documents available for electronic inspection on Company's website during meeting
Venue deemed to be Registered Office of the Company at Somnath, Dabhel, Nani Daman, Daman
No qualifications, observations or adverse remarks in Statutory Auditors' Report and Secretarial Auditor's Report
Voting results to be submitted separately as required under Regulation 44(3) of Listing Regulations