November 12, 2021

To, 1st Floor, New Trading Ring Exchange Plaza, 5th Floor, Rotunda Building Plot No. C-1, Block G, P.J. Towers, Dalal Street, Bandra - Kurla Complex, Scrip Code: 532856 Symbol: TIMETECHNO

BSE Limited National Stock Exchange of India Ltd Fort, Mumbai - 400 001 Bandra (East), Mumbai - 400 051

Meeting Commencement Time	12:00 Noon
Meeting Conclusion Time	4 40

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on November 12, 2021

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Time Technoplast Limited at its meeting held today i.e. on November 12, 2021, interalia, transacted and approved the following businesses:

a. Considered and approved Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half Year ended 30th September, 2021 (Annexure - A).
b. Considered the Limited Review Report (Standalone & Consolidated) dated November 12, 2021, issued by the joint statutory auditors, M/s. Shah & Taparia and M/s. Shah Khandelwal Jain & Associates, Chartered Accountants, for the period ended 30th September, 2021 (Annexure - B).

You are requested to take note of the same.

Thanking you,

Yours Faithfully For Time Technoplast Limited

Managing Director DIN 00183364

TIME TECHNOPLAST LTD. Bringing Polymers To Life CIN : L27203DD1989PLC003240

Regd. Office : 101, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman, Daman - 396210

Annexure: A

Regd. Office: 101, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman,Dadra and Nagar Haveli, Daman and Diu (U.T.) 396 210 Corp. Office : 55, Corporate Avenue, Saki Vihar Road, Andheri (E), Mumbai - 400 072 CIN: L27203DD1989PLC003240 Website:www.timetechnoplast.com Email: [email protected] STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30 SEPTEMBER 2021

							(₹in Lakhs)
Sr.	Particulars		Quarter Ended			Half Year Ended	Year Ended
No.		30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Income
a	Revenue from Operations	51,956	37,730	41,905	89,687	65,219	172,546
b	Other Income	205		205	205	205	221
	Total Income (a+b)	52,161	37,730	42,110	89,891	65,423	172,767
2	Expenditure
	a Cost of Materials Consumed	38,632	25,966	31,661	64,597	48,017	125,538
	b Change in inventories of finished goods &, work-in-progress	(1,684)	617	(912)	(1,066)	(861)	386
	c Employees Benefits Expenses	2,342	2,117	2,137	4,459	4,045	8,610
	deFinance Costs	1,317	1,347	1,425	2,665	2,876	5,625
	e Depreciation and amortisation expense	2,407	2,382	2,318	4,789	4,600	9,302
	fother Expenses	5,348	4,018	4,253	9,366	6,692	16,360
	Total Expenditure	48,362	36,447	40,881	84,809	65,369	165,821
3	Profit before Exceptional Items & tax (1-2)	3,799	1,283	1,229	5,082	54	6,946
4	Exceptional Items
5	Profit Before Tax (3+4)	3,799	1,283	1,229	5,082	54	6,946
6	Tax Expenses	982	332	78	1,315	193	1,822
$\overline{7}$	Profit After Tax (5-6)	2,817	951	1,151	3,767	(138)	5,124
8	Other Comprehensive Income (Net of Tax)
	Items that will not be reclassified subsequently to Profit or Loss
a	Remeasurement of net defined benefit plans	$\overline{\phantom{0}}$	$\overline{\phantom{a}}$	$\blacksquare$	$\qquad \qquad \blacksquare$		59
	Total Other comprehensive Income		$\blacksquare$				59
9	Total Comprehensive Income (7 + 8)	2,817	951	1,151	3,767	(138)	5,183
	10 Paid -up equity share capital (Face Value of ₹1/- each)	2,261	2,261	2,261	2,261	2,261	2,261
11	Other Equity (excluding Revaluation Reserve)						144,266
12	Earnings Per Share (EPS)- ₹
a	Earning Per Share- Basic	1.25	0.42	0.51	1.67	(0.06)	2.27
b	Earning Per Share-Diluted	1.24	0.42	0.51	1.66	(0.06)	2.26

	$J = -1$I LLI I

STANDALONE STATEMENT OF ASSETS AND LIABILITIES

As atAs atSr30.09.2021Particulars(Unaudited)NoASSETS(1)Non-Current Assets(a) Property, Plant & Equipment95,064(b) Capital Work-In-Progress2,353(c) Right-of-Use-Assets2,325(d) Intangible Assets13(e) Financial AssetsInvestments16,485Others Financial Assets1,535Total Non Current Assets117,775(2)Current Assets(a) Inventories46,253(b) Financial Assets(i) Trade Receivables57,127(ii) Cash & Cash Equivalents1,129(iii) Bank Balance other than above1,361(c) Other Current Assets(i) Balances with/Due from Government Authorities3,905(ii) Other Current Assets22,848132,623Current AssetsAssets Classified As Held For Sale3,614Total Assets254,012Equity and LiabilitiesEquity(a) Equity Share Capital2,261(b) Other Equity146,488Equity Attributable to Shareholders148,750Total Equity148,750Liabilities(1)Non-Current Liabilities(a) Financial Liabilities17,976BorrowingsLease Liabilities2,123Deferred Tax Liabilities (Net)7,803Total Non-Current Liabilities27,902(2) Current Liabilities(a) Financial Liabilities(i) Borrowings43,951(ii) Trade PayablesMicro, Small & Medium Enterprises180Other18,49310,045(iii) Other Financial Liabilities3,053(b) Other Current Liabilities(c) Provisions547(d) Current Tax Liabilities1,090Total Current Liabilities77,360254,012Total Equity and Liabilities冰		(₹ In Lakhs)

		31.03.2021
		(Audited)


		95,029
		2,541
		2,570
		18

		16,485
		1,465
		118,109


		44,144

		55,446
		1,340

		1,154

		3,918
		22,077

		128,079
		3,614
		249,802



		2,261
		144,266
		146,527
		146,527



		21,040
		2,312
		7,578

		30,930



		36,899

		204
		18,794
		11,702
		2,706
		571
		1,470

		72,345

		249,802
	ED

EST TEN

STANDALONE CASH FLOW STATEMENT

			र in Lakns)
		Half Year Ended	Half Year Ended
Sr		30.09.2021	30.09.2020
No	PARTICULARS	(Unaudited)	(Unaudited)

А.	CASH FLOW FROM OPERATING ACTIVITIES
	Profit Before Tax & Extraordinary Items	5,082	54
	Adjustment For:
	Depreciation And Amortisation Expenses	4,789	4,600
	Interest	2,665	2,876
	Dividend Income	(205)	(205)
	Share Based Payment Reserve	38	84
	Operating Profit Before Working Capital Changes	12,369	7,409
	Adjustment For:
	Trade Receivables, Loans & Advances And Other Assets	(2,886)	170
	Inventories	(2, 109)	405
	Trade Payables, Other Liabilities And Provisions	(1, 584)	(2,888)
	Cash Generated From Operations	5,790	5,096
	Tax Payment	(1,092)	(1, 101)
	Cash Flow Before Extraordinary Items	4,698	3,994

	(A)Net Cash From Operating Activities	4,698	3,994
	B. CASH FLOW FROM INVESTING ACTIVITIES
	Purchase Of Property , Plant And Equipment, Intangibles Etc	(4, 384)	(1,995)
	Dividend Received	205	205

	(B)Net Cash Used In Investing Activities	(4, 180)	(1,790)
C.	CASH FLOW FROM FINANCING ACTIVITIES
	Net Proceeds From Borrowings	2,338	(494)
	Repayment of Lease Liability	(194)	(138)
	Interest Paid	(2,665)	(2,876)
	Net Cash Used In Financing Activities(C)	(522)	(3,509)
	Net Increase/ (Decrease) In Cash And Cash Equivalents ( $A + B + C$ )	(4)	(1,305)
	Cash And Cash Equivalents As At (Opening Balance)	2,494	3,340
	Cash And Cash Equivalents As (Closing Balance)	2,490	2,036

$1 - 1$

Sr.	Particulars		Quarter Ended			Half Year Ended	Year Ended
No.		30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	1 Debt Equity Ratio(Total Borrowings / Total Shareholders Equity)	0.42	0.38	0.45	0.42	0.45	0.40
	2 Debt Service Coverage Ratio(Profit before Tax, Exceptional Items, Depreciation, Finance Charges / (FinanceCharges + Long Term Borrowings scheduled principal Repayments during theperiod))	1.68	1.73	1.55	1.70	1.53	2.26
	3 Interest Service Coverage Ratio(Profit before Tax, Exceptional Items, Depreciation, Finance Charges / FinanceCharges)	5.71	3.72	3.49	4.70	2.62	3.89
	4 Current Ratio(Current Assets / Current Liabilities)	1.71	1.81	1.78	1.71	1.78	1.77
	5 Long term debt to working capital(Non-Current Borrowings + Current maturities of long term borrowings / CurrentAssets - (Current Liabilities - Current Maturities of Long Term borrowings)	0.42	0.46	0.52	0.42	0.52	0.48
	6 Bad debts to Accounts receivable ratio*(Bad debts / Trade receivables)	Negligible	Negligible	Negligible	Negligible	Negligible	Negligible
	7 Current Liability ratio(Current Liabilities / Total Liabilities)	0.73	0.70	0.67	0.73	0.67	0.70
	8 Total debts to total assets(Total Borrowings / Total Assets)	0.24	0.23	0.26	0.24	0.26	0.23
	9 Debtors Turnover (no. of days)(Average Trade receivables / Revenue from Operation plus Duties & Taxes * No ofdays)	86	113	101	100	136	104
	10 Inventory Turnover (no. of days)(Average inventory / Revenue from Operation plus Duties & Taxes * No of days)	70	91	83	80	109	83
	11 Operating EBITDA Margin (%)(Profit before depreciation, Interest, Tax and exceptional items / Revenue fromoperations)	14.42%	13.28%	11.81%	13.95%	11.51%	12.66%
	12 Net profit Margin (%)(Profit After tax / Revenue from operations)	5.40%	2.52%	2.73%	4.19%	$-0.21%$	2.97%
	13 Paid up Equity Share Capital(Face value of Re. 1 per share)	2,261	2,261	2,261	2,261	2,261	2,261
	14 Other equity Excluding Revaluation Reserves	146,488	145,235	139,089	146,488	139,089	144,266
	15 Net worth	148,750	147,497	141,350	148,750	141,350	146,527

Additional Standalone Information pursuant to Regulation 52 (4) of Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended as at and for the quarter/ half year ended September 30,2021

*Bad debts to Accounts Receivable ratio was negligible i.e. less than 0.001.

TIME TECHNOPLAST LTD. Bringing Polymers To Life

Regd. Office : 101, 1st Floor, Centre Point, Somnath Daman Road, Somnath, Dabhel, Nani Daman,Dadra and Nagar Haveli, Daman and Diu (U.T.) 396 210 Corp. Office : 55, Corporate Avenue, Saki Vihar Road, Andheri (E), Mumbai - 400 072 CIN: L27203DD1989PLC003240 Website:www.timetechnoplast.com Email: [email protected]

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30 SEPTEMBER 2021

Sr.	Particulars		Quarter Ended		Half Year Ended	(* In Lakns)Year Ended
No.		30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
$\mathbf{1}$	Income
a	Revenue from Operations	91,455	75,436	74,372	166,891	121,892	300,492
$\mathbf b$	Other Income	44	37	69	81	95	382
	Total Income (a+b)	91,498	75,474	74,441	166,972	121,987	300,874
$\overline{2}$	Expenditure :-
	al Cost of Materials Consumed	65,809	51,915	53,225	117,724	85,738	209,245
	b Change in inventories of finished goods &, work-in-progress	(1, 479)	1,055	(875)	(425)	(533)	1,046
	c Employees Benefits Expenses	4,468	4,245	3,826	8,713	7,293	15,938
	d Finance Costs	2,304	2,338	2,474	4,642	5,002	9,775
	el Depreciation and amortisation expense	3,914	3,850	3,745	7,764	7,494	15,100
	fother Expenses	9,578	8,169	9,007	17,746	14,811	35,549
	Total Expenditure	84,593	71,572	71,402	156,165	119,805	286,652
3	Profit before Exceptional Items & tax (1-2)	6,905	3,902	3,039	10,807	2,181	14,222
4	Exceptional Items
5	Profit Before Tax (3+4)	6,905	3,902	3,039	10,807	2,181	14,222
6	Tax Expenses	1,776	978	458	2,755	759	3,638
$\overline{7}$	Net Profit After Tax (5-6)	5,129	2,924	2,581	8,052	1,422	10,583
8	Extraordinary Item (Net of Tax Expenses)
9	Net Profit For the period $(7+8)$	5,129	2,924	2,581	8,052	1,422	10,583
10	Other Comprehensive Income (Net of Tax)	132		(15)	132	(15)	200
11	Total Comprehensive Income (9+10)	5,261	2,924	2,566	8,185	1,407	10,783

12	Net Profit attributable to	5,029	2,852	2,446	7,880	1,278	10,343
	Owners	100	72	135	172	144	240
	Non Controlling Interests
		5,129	2,924	2,581	8,052	1,422	10,583
	Other Comprehensive Income attributable to
	Owners	132		(15)	132	(15)	197
	Non Controlling Interests						2 1

		132		(15)	132	(15)	200
	Total Comprehensive Income attributable toOwners	5,161	2,852	2,430	8,013	1,262	10,541
	Non Controlling Interests	100	72	135	172	144	243
		5,261	2,924	2,566	8,185	1,407	10,783

14	13 Paid -up equity share capital (Face Value of ₹1/-each)Other Equity (excluding Revaluation Reserve)	2,261	2,261	2,261	2,261	2,261	2,261187,562
15	Earnings Per Share (EPS)- ₹
a	Earning Per Share-Basic	2.22	1.26	1.08	3.48	0.56	4.57
b	Earning Per Share-Diluted	2.22	1.26	1.08	3.47	0.56	4.56

$1 - 1$

SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES (CONSOLIDATED) FOR THE QUARTER / HALF YEAR ENDED 30 SEPTEMBER 2021

	SEGMENT WISE REVENUE, RESULTS , ASSETS AND LIABILITIES (CONSOLIDATED) FOR THE QUARTERY						(₹ in Lakhs)
			Quarter Ended		Half Year Ended	Year Ended
Sr	Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
No		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	1 Segment Revenue						210,986
	(a) Polymer Products	61,525	52,500	50,999	114,025	84,336	89,506
	(b) Composite Products	29,930	22,936	23,373	52,866	37,556
	Total	91,455	75,436	74,372	166,891	121,892	300,492
	Less : Inter Segment Revenue
	Net Sales/Income from operations	91,455	75,436	74,372	166,891	121,892	300,492
	2 Segment Results
	Profit before tax and interest from each segment						16,241
	(a) Polymer Products	6,015	4,217	3,646	10,232	4,758
	(b) Composite Products	3,151	1,986	1,797	5,137	2,331	7,373
	Total	9,166	6,203	5,444	15,369	7,088	23,614
	Less:				4,642	5,002	9,775
	i) Interest	2,304	2,338	2,474
	Add				81	95	382
	i) Other Un-allocable Income net off	44	37	69		2,181	14,222
	Total Profit Before Tax	6,905	3,902	3,039	10,807
	3 Segment Assets
	(a) Polymer Products	291,681	284,208	282,535	291,681	282,535	287,919
	(b) Composite Products	44,287	43,816	45,925	44,287	45,925	42,529
	(c) Unallocable
	Total Segment Assets	335,969	328,025	328,461	335,969	328,461	330,448
	4 Segment Liabilities
	(a) Polymer Products	32,833	32,969	41,988	32,833	41,988	35,695
	(b) Composite Products	4,006	3,858	4,539	4,006	4,539	4,228
	(c) Unallocable
	Total Segment Liabilities	36,839	36,827	46,527	36,839	46,527	39,923

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES

	(₹ In Lakhs)
		As at	As at
Sr	Particulars	30.09.2021	31.03.2021
No		(Unaudited)	(Audited)
	ASSETS
(1)	Non-Current Assets
	(a) Property, Plant & Equipment	122,114	122,328
	(b) Capital Work-In-Progress	4,083	4,025
	(c) Right-of-Use-Assets	5,480	5,753
	(d) Intangible Assets	16	24
	(e) Financial Assets
	Others Financial Assets	3,025	2,888
	Total Non Current Assets	134,717	135,019

(2)	Current Assets
	(a) Inventories	79,283	75,985
	(b) Financial Assets
	(i) Trade Receivables	80,486	79,828
	(ii) Cash & Cash Equivalents	6,851	6,067
	(iii) Bank Balance other than above	2,703	2,632
	(c) Other Current Assets
	(i) Balances with/Due from Government Authorities	15,493	14,970
	(ii) Other Current Assets	10,428	9,938
	Current Assets	195,243	189,420
	Assets Classified As Held For Sale	6,009	6,009
	Total Assets	335,969	330,448

	Equity and Liabilities
	Equity
	(a) Equity Share Capital	2,261	2,261
	(b) Other Equity	194,365	188,023
	Equity Attributable to Shareholders	196,627	190,285
	Non - Controlling Interest	5,002	4,830
	Total Equity	201,629	195,115
	Liabilities
	(1) Non-Current Liabilities
	(a) Financial Liabilities
	Borrowings	22,229	26,160
	Lease Liabilities	4,833	5,339
	Deferred Tax Liabilities (Net)	8,536	8,255
	Total Non-Current Liabilities	35,597	39,754

(2)	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	49,452	41,573
	(ii) Trade Payables
	Micro Small & Medium Enterprises	191	212
	Other	30,104	32,231
	(iii) Other Financial Liabilities	12,523	14,146
	(b) Other Current Liabilities	3,314	3,350
	(c) Provisions	1,126	1,363
	(d) Current Tax Liabilities (Net)	2,033	2,705

	Total Current Liabilities	98,743	95,579

	Total Foulty and Liabilities	335,969	330,448

CONSOLIDATED CASH FLOW STATEMENT

(₹ In Lakhs)

Sr		Half Year Ended30.09.2021	Half Year Ended30.09.2020
No	PARTICULARS	(Unaudited)	(Unaudited)

А.	CASH FLOW FROM OPERATING ACTIVITIES	10,807	2,181
	Profit Before Tax & Extraordinary Items
	Adjustment For:
	Depreciation And Amortisation Expenses	7,764	7,494
	Finance Costs	4,642	5,002
	Minority Interest In Subsidiary	172	144
	Exchange Adjustment (Net)	13238	(15)84
	Share Based Payment Reserve	23,556	14,890
	Operating Profit Before Working Capital Changes
	Adjustment For:
	Trade Receivables, Loans & Advances And Other Assets	(1,807)	1,026
	Inventories	(3, 298)	1,897
	Trade Payables, Other Liabilities And Provisions	(5,252)	(5, 773)
	Cash Generated From Operations	13,199	12,039
	Tax Payment	(2, 119)	(1, 474)
	Cash Flow Before Extraordinary Items	11,080	10,565
	(A)Net Cash From Operating Activities	11,080	10,565
В.	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase Of Property, Plant And Equipment, Intangibles Etc	(7, 325)	(3,600)
	(B)Net Cash Used In Investing Activities	(7, 325)	(3,600)
C.	CASH FLOW FROM FINANCING ACTIVITIES
	Net Proceeds From Borrowings	2,268	(1, 569)
	Repayment of Lease Liability	(458)	(295)
	Dividend Paid	(68)
	Interest Paid	(4,642)	(5,002)
	(C)Net Cash Used In Financing Activities	(2,901)	(6, 866)
	Net Increase/ (Decrease) In Cash And Cash Equivalents ( $A + B + C$ )	854	99

	Cash And Cash Equivalents As At (Opening Balance)	8,699	8,250
	Cash And Cash Equivalents As (Closing Balance)	9,554	8,348

NOTES:-

1 The above financial results were reviewed and recommended by the Audit Committee at their meeing held on 11 November, 2021 and approved by the Board of Directors at their meeting held on 12 November, 2021. The financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India.
2 The outbreak of Corona virus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group's operations and revenue were impacted due to COVID-19. There is no significant impact on the operations of the Group during the quarter ended September 30, 2021.

3 The previous period's figures have been re-grouped / re-classified wherever considered necessary.

4 Additional Consolidated Information pursuant to Regulation 52 (4) of Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended as at and for the quarter/half year ended September 30,2021

	Sr. Particulars		Quarter Ended		Half Year Ended	Year Ended
No.		30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	1 Debt Equity Ratio(Total Borrowings / Total Shareholders Equity)	0.36	0.35	0.40	0.36	0.40	0.36
	2 Debt Service Coverage Ratio(Profit before Tax, Exceptional Items, Depreciation, FinanceCharges / (Finance Charges + Long Term Borrowings scheduledprincipal Repayments during the period))	1.93	2.04	1.43	1.97	1.53	2.24
	3 Interest Service Coverage Ratio(Profit before Tax, Exceptional Items, Depreciation, FinanceCharges / Finance Charges )	5.69	4.32	3.74	5.00	2.93	4.00
	4 Current Ratio(Current Assets / Current Liabilities)	1.98	2.08	1.84	1.98	1.84	1.98
	5 Long term debt to working capital(Non-Current Borrowings + Current maturities of long termborrowings / Current Assets - (Current Liabilities - CurrentMaturities of Long Term borrowings)	0.31	0.35	0.39	0.31	0.39	0.37
	6 Bad debts to Accounts receivable ratio*(Bad debts / Trade receivables)	Negligible	Negligible	Negligible	Negligible	Negligible	Negligible
	7 Current Liability ratio(Current Liabilities / Total Liabilities)Q	0.74	0.69	0.71	0.74	0.71	0.71
	$\overline{O}$

8 Total debts to total assets	0.21	0.20	0.22	0.21	0.22	0.20
(Total Borrowings / Total Assets)
9 Debtors Turnover (no. of days)(Average Trade receivables / Revenue from Operation plus Duties& Taxes * No of days)	73	87	73	80	110	90
10 Inventory Turnover (no. of days)(Average inventory / Revenue from Operation plus Duties & Taxes* No of days)	71	83	80	77	101	84
11 Operating EBITDA Margin (%)(Profit before depreciation, Interest, Tax and exceptional items /Revenue from operations)	14.34%	13.37%	12.44%	13.90%	12.03%	12.99%
12 Net profit Margin (%)(Profit After tax / Revenue from operations)	5.61%	3.87%	3.47%	4.82%	1.17%	3.52%
13 Paid up Equity Share Capital(Face value of Re. 1 per share)	2,261	2,261	2,261	2,261	2,261	2,261
14 Other equity Excluding Revaluation Reserves	193,961	190,450	177,800	193,961	177,800	187,562
15 Net worth Excluding Revaluation Reserves$\mathbf{a}$	196,223	192,711	180,061	196,223	180,061	189,823

*Bad debts to Accounts Receivable ratio was negligible i.e. less than 0.001.

5 The results are available on the Bombay Stock Exchange website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.timetechnoplast.com).

For Time Technoplast Limited

Date: November 12, 2021 Place: Mumbai

Anil Jain Managing Director

DIN: 00183364

Annexure: R

Shah & Taparia

Chartered Accountants 203, Centre Point Building 100 Dr B.A.Road LalBaug Parel Mumbai - 400012 Tel.: +91-22-40220301 - 06 Fax: 022-40220314 E-Mail: [email protected]

Shah Khandelwal Jain & Associates Chartered Accountants

Level 3, Riverside Business Day Wellesley Road, Near RTO Pune - 411001 Tel: +91-20-2622 5500 Fax: +91-20-2622 5670

Independent Auditor's Review Report on Quarterly and year to date Unaudited Standalone Financial Results of the Time Technoplast Ltd ("the Company") under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To The Board of Directors of Time Technoplast Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Time Technoplast Limited ('the Company') for the quarter ended 30 September, 2021 and year to date from 1st April 2021 to 30th September, 2021 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulation').
1. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial statement consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than as audit conducted in accordance with standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We draw attention to Note 2 to the accompanying financial results with regard to management's 4. evaluation of uncertainty due to the outbreak of COVID-19 and its impact on future operations of the Company. The Management believes that no further adjustment are required to the financial results. However, in view of the highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.

Page 1 of 1

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Shah & Taparia Chartered Accountants Firm Registration No: 109463W

Ramesh Pipalay

Partner Membership Number:103840 UDIN: 21103840AAAAAUS8212 Place of Signature: Mumbai Date: 12th November 2021

For Shah Khandelwal Jain & Associates Chartered Accountants Firm Registration No: 142740W

Ashish Khandelwal Partner Membership Number: 049278 UDIN: 21049278AAAAPN5159 Place of Signature: Pune Date: 12th November 2021

Page 2 of 1

Shah & Taparia

Chartered Accountants 203, Centre Point Building 100 Dr B.A.Road Lal Baug Parel Mumbai - 400012 Tel.: +91-22-4022 0301 - 06 Fax: 022-40220314 E-Mail: [email protected]

Shah Khandelwal Jain & Associates Chartered Accountants

Level 3, Riverside Business Day Wellesley Road, Near RTO $Punc - 411001$ Tel: +91-20-2622 5500 Fax: +91-20-2622 5670

Independent Auditor's Review Report on Quarterly and year to date Unaudited Consolidated Financial Results of Time Technoplast Ltd ("the Company") under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors of 'Time Technoplast Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Time Technoplast Limited ('the Parent'), Subsidiaries, associates and joint venture (the Parent, subsidiaries its associates and joint venture together referred to as 'the Group') for the quarter ended 30st September, 2021, and year to date from 1st April 2021 to 30th September, 2021 ('the Statement'), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the Listing Regulations').
1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (Thil AS 34'), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) $\overline{3}$ . 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial statement consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than as audit conducted in accordance with standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

1. We draw attention to Note 2 to the accompanying consolidated financial results with regard to management's evaluation of uncertainty due to the outbreak of COVID-19 and its impact on future operations of the Company. The Management believes that no further adjustment are required to the financial results. However, in view of the highly uncertain economic environment, a definitive assessment of the impact on the subsequent periods is highly dependent upon circumstances as they evolve.
5 The Statement includes the results of the following entities

List of Subsidiaries

TPL Plastech Limited, NED Energy Limited, Elan Incorporated Fze, Kompozit Praha S R O, Ikon Investment Holdings Limited, GNXT Investment Holding PTE Limited, Schoeller Allibert Time Holding PTE Limited & Schoeller Allibert Time Material Handling Solutions Limited

List of loint Ventures Time Mauser Industries Private Limited

Chritered

Shah & Taparia

Chartered Accountants 203, Centre Point Building

100 Dr B.A.Road Lal Baug Parel Mumbai - 400012 Tel.: +91-22-4022 0301 - 06 Fax: 022-40220314 F-Mail: [email protected]

Shah Khandelwal Jain & Associates

Chartered Accountants Level 3, Riverside Business Day Wellesley Road, Near RTO Punc - 411001 Tel: +91-20-2622 5500 Fax: +91-20-2622-5670

We did not review the interim financial results and other financial information considered in the preparation of the Statement in respect of eight subsidiaries whose interim financial result reflect total revenue of Rs 43,218.14 Lacs and Rs 82,440.74 Lacs and total profit of Rs. 2,457.33 Lacs and Rs 4,410.22 Lacs for the quarter and six months ended September 30th, 2021. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the management and our report on the statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors.

We did not review the interim financial results and other financial information considered in the preparation of the Statement in respect of one joint venture whose interim financial result reflect total profit of Rs. 59.30 Lacs and Rs 79.40 Lacs (represent group share) for the quarter and six month ended September 30th, 2021. These interim financial results have been reviewed by other auditor whose report have been furnished to us by the management and our report on the statement, in so far as it relates to the amounts and disclosures included in respect of the joint venture is based solely on the report of the other auditor.

Our opinion on the Statement is not modified in respect of matters referred to in para 4 and 6.

Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Shah & Taparia Chartered Accountants Firm Registration Net 109463W

€,

Ramesh Pipal Partner Membership Number: 103840 UDIN No: 21103840AAAAAUR7956 Place of Signature: Mumbai Date: 12th November 2021

For Shah Khandelwal Jain & Associates Chartered Accountants Firm Registration No: 142740W

Klaandel

Ashish Khandelwal Partner Membership Number: 049278 UDIN No: 21049278AAAAPO7654 Place of Signature: Pune Date: 12th November 2021

AI assistant

Time Technoplast Limited Interim / Quarterly Report 2021

61528_rns_2021-11-12_54d2eb93-832e-4006-96a1-06e372286e33.pdf

Sub: Outcome of Board Meeting held on November 12, 2021