Time Technoplast Board has accorded its approval for restructuring of overseas business subject to the approval of members to capture the growth in Asian Countries, Middle East and USA through Joint Venture/Special Purpose Vehicle by onboarding strategic partner/investor by way of sale/transfer/disposal of part of assets/investments of subsidiaries/material subsidiaries/step down subsidiaries.

The Company will be benefitted by utilizing proceeds of the restructuring for repayment of debt, capex for composite cylinders(LPG/CNG/Hydrogen) & core business in India to meet huge market demand and benefit to the shareholders.

Time Technoplast to restructure its overseas business