TIME TECHNOPLAST : TO ACQUIRE 76% STAKE IN SYSTOVERSE 🚰🏭

• 🤝 Executed Share Purchase Agreement to acquire 76% stake in Systoverse Private Limited (SPL) • 📍 Acquisition will strengthen Time Technoplast's presence in Maharashtra and expand its HDPE pipe portfolio • 💰 Total projected investment of around ₹25 Cr, including acquisition and future capacity expansion/modernization • 🏭 SPL manufactures ISI-certified HDPE Pipes and Sprinkler Systems under the "Systo" brand • 📦 SPL has manufacturing capacity of 3,600 MT per annum at Nardana MIDC, Dhule • 💵 Initial acquisition consideration is ₹1.52 Cr for 76% equity stake • 🌱 Deal aligns with the company's Make in India strategy and inorganic growth plans • 📈 Acquisition expected to augment capacity, broaden geographic reach and accelerate growth in the pipe business 🟢 Impact: Positive (Strengthens Time Technoplast's HDPE pipe segment, expands manufacturing footprint in Maharashtra and supports long-term growth through inorganic expansion.)

TIME TECHNOPLAST LTD.

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