Meeting Details

  • Type of Meeting: 33rd Annual General Meeting
  • Date: Tuesday, 22nd September, 2026
  • Time of Commencement: 12:00 Noon (IST)
  • Time of Conclusion: 12:55 p.m. (IST)
  • Mode/Venue: Video Conferencing utilizing the InstaMeet platform provided by MUFG Intime India Private Limited
  • Total Members Attended: 41 members

Proposed Resolutions and Implications

The following agenda items were discussed during the meeting:

Ordinary Business:

  • Adoption of Audited (Standalone and Consolidated) Financial Statements for the financial year ended 31st March 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors
  • Declaration of Dividend at the rate of ₹1.30 per equity share (65%) on face value of ₹2 each for FY ended 31st March 2026
  • Re-appointment of Mr. Mangesh Sarfare (DIN: 07793543) as Director who retires by rotation

Special Business:

  • Appointment of Mr. Pradip Kumar Das (DIN: 06593113) as an Independent Director for a first term of 5 years
  • Approval of Material Related Party Transaction(s) with Time Technoplast Limited (Holding Company) for Financial Years 2026-2027 & 2027-2028
  • Approval of Material Related Party Transaction(s) with Avion Exim Private Limited (Related Party) for Financial Years 2026-2027 & 2027-2028

Voting Process and Methods

The Company made provisions for members to exercise their right to vote through electronic voting (e-Voting) facility in accordance with Section 108 of the Companies Act and Rule 20(1) of the Companies (Management and Administration) Rules, 2014.

  • Remote e-Voting Period: Commenced on September 17, 2026 and concluded on September 21, 2026
  • Post-Meeting Voting: The e-Voting window remained accessible for 15 minutes following the conclusion of the meeting
  • Scrutinizer Appointment: Mr. Arun Dash, a Practicing Company Secretary, was appointed as Scrutinizer to oversee the e-Voting process

Management Discussions and Company Updates

The Chairman, Mr. Mahinder Kumar Wadhwa, apprised shareholders of:

  • Strong growth in revenue, EBITDA and profitability during FY 2025-26
  • Robust volume growth and ramp-up of capacity at greenfield facility at Dahej
  • Improvement in return ratios and reduction in overall debt
  • Expanding manufacturing footprint across Silvassa, Ratlam, Bhuj, Vizag and Dahej
  • Commencement of operations at new facility in Bhuj, Gujarat for manufacture of Intermediate Bulk Containers and Industrial Packaging Products through wholly owned subsidiary
  • Sustainability initiatives including transition towards greater share of power requirements through solar energy
  • Board's in-principle approval granted on August 26, 2026 for merger of TPL Plastech Limited into its holding company, Time Technoplast Limited, under Sections 230 to 232 of the Companies Act, 2013

Attendance and Participation

Directors and Key Personnel Present:

  • Mr. Mangesh Sarfare (Non-Executive Director)
  • Mrs. Monika Srivastava (Non-Executive Director and Chairperson of CSR Committee)
  • Mr. Pradip Kumar Das (Additional Director designated as Non-Executive, Independent)
  • Mr. Bharat Kumar Vageria (Representative of Time Technoplast Limited - Holding Company)
  • Mr. Jayesh Ashar (Chief Executive Officer)
  • Mr. Pawan Agarwal (Chief Financial Officer, term ending 30th September, 2026)
  • Mr. Sunil Vyas (Newly appointed Chief Financial Officer, term begins 1st October, 2026)
  • Mr. Rahul Sharma (Chief Operating Officer)
  • Mr. Bharat Bhandari (Representative of Raman S. Shah & Associates, Statutory Auditor)
  • Mr. Arun Dash (Scrutinizer and representative of the Secretarial Auditor)
  • Mr. Hemant Soni (VP-Legal and Company Secretary)

Compliance and Regulatory References

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Applicable circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India
  • Companies Act, 2013 provisions
  • The statutory registers and documents were available for electronic inspection on the Company's website during the meeting

Shareholder Engagement

Pre-registered speakers raised queries regarding:

  • Company's growth plans
  • Use of Artificial Intelligence in business operations
  • Impact of global situation on Company's growth
  • Progress of Dahej plant

All queries were adequately and comprehensively addressed by the management

Additional Information

The details of the voting results will be submitted separately in due course as required under Regulation 44(3) of the Listing Regulations. The summary of proceedings has been uploaded on the Company's website at www.tplplastech.in.