Time Technoplast shares gain 4% as they adjust for the 1:1 bonus

Shares of Time Technoplast Ltd. gained nearly 4% on Tuesday, September 23, as they begin trading adjusted for their bonus issue of shares.

The company earlier announced a 1:1 bonus issue with a record date of September 23. As per this, shareholders will receive one bonus share for every share that they hold.

This means that shareholders who held shares of Time Technoplast in their demat accounts as of Monday's close, will be eligible for the bonus issue of shares. Those purchasing the stock today will not be eligible.

For example, if one had 100 shares of Time Techno at the time of market close on Monday, they would be entitled to receive 100 bonus shares as part of the 1:1 ratio, taking their shareholding to 200 shares. However, the value of shares would remain the same as the share price adjusts in proportion to the ratio.

This is the first bonus issue Time Technoplast has announced. Previously, the company has only awarded shareholders with final dividends each year since 2022, with the latest one being on September 4, 2025 of ₹2.5 per share.

On September 9, the company won a letter of award worth ₹67.2 crore for the supply of type IV CNG/CBG mobile storage cascades.

Time Technoplast reported its June quarter earnings last month. Its net profit increased 41% to ₹80.5 crore compared to ₹57.1 crore in the previous year. Its revenue was up 14% at ₹1,230 crore in comparison to ₹1,079.3 crore in the year-ago period.

Shares of Time Technoplast were trading 3.9% up at ₹248.15 apiece. The stock has declined 48.5% in the last month.

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