Mitsu Chem Plast Board Approves Warrant Issue, Director Appointment

Mitsu Chem Plast Ltd's Board of Directors met on August 14, 2026, approving the standalone unaudited financial results for Q1 FY27. The board also sanctioned the issuance of up to 10,00,000 warrants convertible into equity shares at ₹151 each, aggregating up to ₹15.10 Crores, to specified promoters and non-promoter shareholders via preferential issue. Additionally, the company approved the re-appointment of M/s. InCorp Advisory Services Private Limited as Internal Auditor for FY27 and the appointment of Ms. Drishti Shailesh Thakker as Additional Director (Non-Executive, Independent) for five years. An Extra-Ordinary General Meeting (EGM) is scheduled for September 9, 2026, to seek member approvals for these matters.