Execution of Share Purchase Agreement for acquisition of 76 percent stake in Systoverse Private Limited.
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 10 Jun 2026, 07:46 PM IST · BSE ID: 56acf180-987c-49e5-8311-90d8f8622225
View Original BSE Filing (PDF)
💡
In Simple Terms
Time Technoplast is buying 76% of Systoverse Private Limited, a pipe manufacturing company in Maharashtra, for about Rs. 25 Crores.
🤖 AI Summary
- Time Technoplast Limited executed a Share Purchase Agreement for a 76% equity stake in Systoverse Private Limited.
- The total projected investment is approximately Rs. 25 Crores, including equity acquisition and plant upgradation.
- The acquisition aligns with strategy to strengthen HDPE Pipe portfolio and establish operational presence in Maharashtra.
- Systoverse Private Limited manufactures ISI-certified HDPE Pipes and Sprinkler Systems with 3,600 Metric Tonnes annual capacity.
- The remaining 24% stake in Systoverse Private Limited will continue to be held by existing shareholders.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Projected Investment
Rs. 25 Crores (approx.)
Equity Stake Consideration
Rs. 1 Crore Fifty-Two Lakhs Only
Systoverse Private Limited Turnover FY2026
Rs. 1.41 Crores (approx.)
Systoverse Private Limited Turnover FY2025
Rs. 3.91 Crores (approx.)
Systoverse Private Limited Turnover FY2024
Rs. 26.88 Crores (approx.)
Systoverse Private Limited Pipe Manufacturing Capacity
3,600 Metric Tonnes (M.T.) annually
🏢 How This Affects the Company
This acquisition strengthens Time Technoplast's High-Density Polyethylene (HDPE) Pipe portfolio and expands its geographic reach with an operational presence in Maharashtra. It enables the company to offer a broader range of pipe solutions, reinforcing its position in the domestic pipe industry.
The total projected investment for this acquisition is approximately Rs. 25 Crores, comprising the 76% equity stake and capital expenditure for plant upgrades, modernization, and capacity expansion. The actual consideration for the 76% equity is Rs. 1 Crore Fifty-Two Lakhs.
Time Technoplast gains a pipe manufacturing capacity of 3,600 Metric Tonnes annually through Systoverse Private Limited's plant in Nardana MIDC, Dhule, Maharashtra. This expands the company's production capabilities and supply chain in a new region.
The filing does not indicate an increase or decrease in specific risks. It is an inorganic expansion within the same line of business.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this disclosure.
👤
Who Is Affected
Existing shareholders of Time Technoplast Ltd will have indirect ownership in Systoverse Private Limited, which becomes a 76% subsidiary of Time Technoplast Ltd.
🔍
Management Signal
The acquisition signals management's intent to pursue inorganic growth, strengthen its core HDPE Pipe business, and expand its geographical manufacturing footprint within India.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly results — check impact on consolidated revenue and profit.
Further updates on plant upgradation and capacity expansion progress.
Details on integration of Systoverse Private Limited into Time Technoplast's operations.
MEDIUM RISK
Acquisition involves integration challenges and Systoverse's recent revenue decline may impact future performance.
💡 Investor Takeaway
Time Technoplast Limited executed a Share Purchase Agreement for a 76% equity stake in Systoverse Private Limited with a total projected investment of approximately Rs. 25 Crores. This confirms expansion in the HDPE Pipe segment and establishes a Maharashtra operational presence.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of 76% stake in Systoverse Private Limited strengthens Time Technoplast's HDPE Pipe portfolio and broadens geographic reach.
- The investment includes plant upgradations, modernization, and capacity expansion, indicating a commitment to enhancing operational capabilities.
⚠️ Concerns
- Systoverse Private Limited's turnover declined from Rs. 26.88 Crores in FY2024 to Rs. 1.41 Crores in FY2026.
- The filing does not provide Systoverse Private Limited's Net worth for the year ended March 31, 2026.
❓ Frequently Asked Questions
What stake did Time Technoplast Limited acquire in Systoverse Private Limited?
Time Technoplast Limited acquired a 76% equity stake in Systoverse Private Limited, with the remaining 24% held by existing shareholders.
What is the total projected investment by Time Technoplast Limited for this acquisition?
The total projected investment by Time Technoplast Limited for this acquisition stands at approximately Rs. 25 Crores, covering the equity stake and plant-related expenditures.
What is Systoverse Private Limited's manufacturing capacity?
Systoverse Private Limited has a pipe manufacturing capacity of 3,600 Metric Tonnes (M.T.) annually.
What was Systoverse Private Limited's turnover in the last three financial years?
Systoverse Private Limited's turnover was approximately Rs. 1.41 Crores in FY2026, Rs. 3.91 Crores in FY2025, and Rs. 26.88 Crores in FY2024.
What is the strategic objective of Time Technoplast Limited's acquisition of Systoverse Private Limited?
The acquisition aims to strengthen Time Technoplast Limited's High-Density Polyethylene (HDPE) Pipe portfolio, accelerate inorganic growth, and establish an operational presence in Maharashtra, India.
Questions based on this BSE filing only. For information purposes.