Summary of Key Information:

Reporting Period: Quarter and Half Year ended 30th September, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI LODR

Audit Opinion:

The Limited Review Report dated November 05, 2026 was issued by Joint Statutory Auditors M/s. K P M R & Co and M/s. Raman S. Shah & Co., Chartered Accountants. The review concluded that nothing came to their attention that causes them to believe that the financial results contain any material misstatement. The opinion was clean/unmodified.

Key Financial Highlights [₹ in Lakhs]:

Consolidated Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: ₹99,839 (vs ₹73,974 in Q2 FY26, +34.9% YoY)
  • Total Income: ₹101,025
  • Net Profit: ₹14,831 (vs ₹11,723 in Q2 FY26, +26.5% YoY)
  • EPS - Basic: ₹2.96 (vs ₹2.54 in Q2 FY26)

Half Year Ended 30.09.2026:

  • Revenue from Operations: ₹186,522 (vs ₹138,220 in H1 FY26, +34.9% YoY)
  • Total Income: ₹187,708
  • Net Profit: ₹26,617 (vs ₹21,378 in H1 FY26, +24.5% YoY)
  • EPS - Basic: ₹5.31 (vs ₹4.64 in H1 FY26)
  • Other Equity: ₹284,279 (excluding Revaluation Reserve)
  • Cash and Cash Equivalents: ₹35,960
  • Total Borrowings: ₹52,657 (Current ₹41,152 + Non-current ₹11,505)

Standalone Results:

Quarter Ended 30.09.2026:

  • Revenue from Operations: ₹99,839
  • Net Profit: ₹6,916
  • EPS - Basic: ₹1.40

Half Year Ended 30.09.2026:

  • Revenue from Operations: ₹186,522
  • Net Profit: ₹12,533
  • EPS - Basic: ₹2.54

Segment-wise Performance [₹ in Lakhs]:

Consolidated Segment Revenue for H1 FY26:

  • Polymer Products: ₹228,152 (62.0% of total)
  • Composite Products: ₹140,538 (38.0% of total)
  • Total: ₹368,691

Consolidated Segment Profit for H1 FY26:

  • Polymer Products: ₹22,128
  • Composite Products: ₹16,290
  • Total Segment Profit: ₹38,418

Corporate Actions:

  • The Board approved re-appointment of Mr. Bharat Kumar Vageria (DIN: 00183629) as Managing Director for five years with effect from February 06, 2027, subject to approval of members.
  • Approved Notice of Postal Ballot for seeking member approval for the reappointment.
  • Approved appointment of Mr. Arun Dash, Practicing Company Secretary, as scrutinizer for conducting Postal Ballot and e-voting process.

Other Significant Information:

QIP Proceeds Utilization (as of 30th September 2026):

The company received ₹781.13 crore (net of QIP expense of ₹18.87 crore) from fresh issue of equity shares. Utilization:

  • Repayment of borrowings: ₹400.00 crore (fully utilized)
  • Capital expenditure for automation: ₹33.98 crore utilized of ₹89.37 crore allocated
  • Investment in Time Ecotech Private Limited: ₹20.43 crore utilized of ₹54.90 crore allocated
  • De-odorizing equipment: ₹2.89 crore utilized of ₹14.80 crore allocated
  • Inorganic growth/acquisitions: ₹2.40 crore utilized of ₹222.06 crore allocated
  • QIP expenses: ₹18.87 crore fully utilized
  • Total utilized: ₹478.57 crore, Unutilized: ₹321.43 crore (temporarily invested in fixed deposits)

Key Financial Ratios (Consolidated H1 FY26):

  • Debt Equity Ratio: 0.13
  • Current Ratio: 3.51
  • Operating EBITDA Margin: 13.29%
  • Net Profit Margin: 7.21%
  • Debt Service Coverage Ratio: 8.30
  • Interest Service Coverage Ratio: 15.37

Assets and Liabilities (Consolidated as at 30.09.2026):

  • Total Assets: ₹587,924 lakhs
  • Total Equity: ₹435,723 lakhs
  • Non-current Assets: ₹181,918 lakhs
  • Current Assets: ₹394,420 lakhs
  • Inventories: ₹141,896 lakhs
  • Trade Receivables: ₹152,456 lakhs

Entities Included in Consolidation:

Subsidiaries: TPL Plastech Limited, Power Build Batteries Private Limited, Elan Incorporated Fze, Kompozit Praha S R O, Ikon Investment Holdings Limited, GNXT Investment Holding PTE Limited, Schoelter Allibert Time Holding PTE Limited, Time Materials Handling Solutions Limited, Time Ecotech Private Limited, Systoverse Private Limited.

Joint Ventures: Time Mauser Industries Private Limited.