Time Technoplast has allotted 4,05,000 Non-Convertible Debentures (NCDs) face value of Rs.1,000/- each, aggregating to Rs.40,50,00,000/- against the conversion of existing loan, on private placement basis.

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Net profit of Time Technoplast rose 33.10% to Rs 73.67 crore in the quarter ended March 2019 as against Rs 55.35 crore during the previous quarter ended March 2018. Sales rose 14.78% to Rs 1082.06 crore in the quarter ended March 2019 as against Rs 942.70 crore during the previous quarter ended March 2018.

For the full year,net profit rose 12.40% to Rs 202.73 crore in the year ended March 2019 as against Rs 180.37 crore during the previous year ended March 2018. Sales rose 14.86% to Rs 3563.74 crore in the year ended March 2019 as against Rs 3102.74 crore during the previous year ended March 2018.

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Time Technoplast announced that the Board of Directors of the Company at its meeting held on 27 May 2019, has recommended a Final dividend of Rs.0.9 per share (i.e.90%), subject to the approval of the shareholders.

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Time Technoplast will hold a meeting of the Board of Directors of the Company on 27 May 2019.

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