Time Technoplast Limited announced the board’s approval for the re-appointment of Mr. Bharat Kumar Vageria as Managing Director for a term of five years. This appointment is effective from February 06, 2027, subject to member approval. Mr. Vageria, a promoter and co-founder, brings extensive experience in the polymer industry. The company also approved unaudited financial results for the quarter and half year ended September 30, 2026.
Board Approves Key Leadership Appointment
Time Technoplast Limited has announced a significant leadership decision following its Board of Directors meeting held on November 05, 2026. The board has approved the re-appointment of Mr. Bharat Kumar Vageria as the company’s Managing Director. This reappointment is for a substantial period of five years, commencing from February 06, 2027, and will be effective upon securing the necessary approval from the company’s members. Mr. Vageria, who is also a promoter and co-founder of Time Technoplast, has a strong background with nearly 40 years of experience in the polymer product industry.
Financial Results for Q2 FY27
In addition to the leadership decision, the Board of Directors also considered and approved the Unaudited (Consolidated & Standalone) Financial Results for the Quarter and Half Year ended September 30, 2026. These results, along with the Limited Review Report from joint statutory auditors M/s. K P M R & Co. and M/s. Raman S. Shah & Co., were approved during the meeting. The company also approved the notice for a postal ballot regarding the re-appointment of Mr. Vageria and the appointment of Mr. Arun Dash as a scrutinizer for the postal ballot and e-voting process.
About the Managing Director
Mr. Bharat Kumar Vageria’s extensive experience spans across various facets of the polymer industry. His career highlights include leading teams in implementing robust controls and streamlined systems for multi-location, multi-product operations. His leadership is credited with driving the company’s sustained growth and success, fostering strong stakeholder relationships, and positioning Time Technoplast as a global player in the polymer and composite manufacturing sector. The company confirmed that Mr. Vageria is not debarred from holding a director’s office by any SEBI order or other authority.
Consolidated Financial Highlights (Quarter Ended Sep 30, 2026)
The unaudited consolidated financial results show total income of ₹1,99,610 Lakhs for the quarter ended September 30, 2026, compared to ₹1,51,220 Lakhs in the same period of the previous year. Profit After Tax for the quarter stood at ₹14,831 Lakhs, an increase from ₹11,723 Lakhs in the prior year’s corresponding quarter. Earnings Per Share (Basic) for the quarter was ₹2.96, up from ₹2.54.
Standalone Financial Highlights (Quarter Ended Sep 30, 2026)
On a standalone basis, the company reported total income of ₹1,01,025 Lakhs for the quarter ended September 30, 2026, against ₹75,078 Lakhs in the prior year. Profit After Tax for the quarter was ₹6,916 Lakhs, compared to ₹5,819 Lakhs in the corresponding quarter of the previous year. Standalone Earnings Per Share (Basic) was ₹1.40 for the quarter.
Source: BSE
