The record date for bonus shares has been announced by Time Technoplast Ltd (TTL), a prominent Indian multinational capital goods producer.
One of the top multinational companies in India, Time Technoplast Ltd (TTL) produces technology-driven polymer products such as advanced composite cylinders, lifestyle products, and industrial packaging. With a market value of Rs 10,849.48 Cr as of Wednesday, September 10, Time Technoplast’s shares closed the day 0.55% higher on the BSE at Rs 478.10 apiece, after the announcement of the record date for 1:1 bonus shares.
Time Technoplast Bonus Shares Record Date
“The Bonus Shares will be issued to the Shareholders of the Company in the ratio of 1:1 i.e., 1 (One) new fully paid-up Equity Share of Rs 1/- (Rupee One Only) each for every 1 (One) existing fully paid-up Equity Share of Rs 1/~ (Rupee One Only) each held by the eligible Shareholders of the Company as on the Record Date, subject to the approval of Shareholders in the ensuing 35th Annual General Meeting of the Company scheduled to be held on September 11, 2025 at 04:00 p-m. and other statutory/ regulatory approvals, consents, permissions, conditions, and sanctions, as may be required,” said Time Technoplast in a stock exchange filing.
For the purpose of the 1:1 bonus issue, the Board of Directors of Time Technoplast have fixed 15th September, 2025 as the record date.
Time Technoplast Bonus Issue Details
With a face value of Rs 1, the company will issue 22,69,29,066 bonus equity shares, for a total of Rs 22,69,29,066. The company’s securities premium account is being used to issue these shares.
The bonus ratio is 1:1, meaning one bonus equity share will be issued for every one fully paid-up equity share already held by members.
Following the bonus issue, the paid-up share capital would rise from Rs 22,69,29,066 to Rs 45,38,58,132. The company requires Rs 22,69,29,066 from its securities premium account to implement a bonus issue. As of March 31, 2025, the company has Rs 303,99,60,000 available in its securities premium.
It is anticipated that the bonus shares will be issued to shareholders by October 9, 2025, at the latest, two months after the Board’s approval. The members have to approve this timeframe at the 35th Annual General Meeting (AGM), which is set for September 11, 2025, and get any further regulatory permissions that may be required.
Time Technoplast Target Price
“Time Technoplast stock price is bearish on the Daily charts with strong resistance at 491. A Daily close below support of 467 could lead to a target of 435 in the near term,” commented A R Ramachandran, independent research analyst.