Time Technoplast signs MoU to acquire 76% stake in Systoverse Private LimitedTime Technoplast signs MoU to acquire 76% stake in Systoverse Private Limited

Introduction

Leading infrastructure company signed MoU to acquire 76 percent stake in HDPE pipe manufacturer Systoverse Private Limited for expansion in Maharashtra operations.

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Share price movement of Time Technoplast

On April 15, 2026, Time Technoplast Ltd opened at ₹189.85, up 3.22% from its previous close of ₹183.90. The stock reached a high of ₹192.90 (4.89%) and a low of ₹188.05. By 15:40, it traded at ₹191.70, a 4.24% increase, with a market cap of ₹9,462.99 crore.

Time Technoplast Acquires Systoverse Stake

Time Technoplast Limited informed that it has signed a Memorandum of Understanding to acquire 76 percent stake in Systoverse Private Limited, subject to due diligence and regulatory assessments.

Systoverse Private Limited operates in HDPE pipe and sprinkler systems manufacturing with capacity of 3600 metric tonnes annually. The acquisition is planned on cash consideration basis for expansion.

The acquisition aligns with infrastructure growth strategy and Maharashtra expansion plans. Systoverse holds BIS approvals, tax incentives and subsidies, and operates from Dhule Maharashtra manufacturing facility under existing compliance approvals.

Stock performance of Time Technoplast for period of 1 week, 6 months, and 1 year

Time Technoplast Ltd delivered a 1-week return of 2.33%, a 6-month return of -17.5%, and a 1-year return of 2.90%.

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Shareholding pattern of Time Technoplast

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	47.50%	51.60%	51.60%
FII	11.70%	8.40%	8.30%
DII	16.70%	13.20%	12.90%
Public	24.10%	26.80%	27.20%

About Time Technoplast

Time Technoplast Ltd (NSE: TIMETECHNO) is a multinational polymer and composite products manufacturer, specializing in industrial packaging, cylinders, drums, IBCs and MOX films globally.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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