TIME Technoplast Ltd. announced the merger of its subsidiary NED Energy Limited into its wholly-owned step-down subsidiary Power Build Batteries Private Limited, with a share exchange ratio of 1:7. For the fiscal year ending March 31, 2024, NED had a revenue of ₹60.12 crores and a profit after tax of ₹3.67 crores, while PBBPL had a revenue of ₹51.56 crores and a profit after tax of ₹4.92 crores.