Mitsu Chem Plast Ltd

Mitsu Chem Plast Limited announced its unaudited financial results for Q1 FY27, reporting significant year-on-year growth. Total income increased by 11.62% to ₹9,532.78 Lakhs. EBITDA saw a substantial rise of 209.50% to ₹1,549.48 Lakhs, with the EBITDA margin expanding to 16.29%. Net profit surged by 566.23% to ₹873.83 Lakhs, and Net Profit Margin improved to 9.18%. Earnings Per Share (EPS) grew by 563.92% to ₹6.44. The company also proposed a preferential issue of 10 Lakhs convertible warrants, which is expected to increase aggregate promoter shareholding from 67.77% to 68.61%. Additionally, Mitsu Chem Plast plans to expand its manufacturing capacity by 3,550 MT/Year.

Mitsu Chem Plast Ltd's Board of Directors has approved the re-appointment of M/s. Incorp Advisory Services Private Limited as Internal Auditor for FY 2026-27. The board also approved the issuance of up to 10,00,000 warrants convertible into equity shares at Rs. 151/- each, aggregating up to Rs. 15.10 Crores, to specified promoters and non-promoter shareholders via preferential issue. Additionally, the company announced standalone unaudited financial results for Q1 FY27 and the appointment of Ms. Drishti Shailesh Thakker as Additional Director. An Extra-Ordinary General Meeting (EGM) is scheduled for September 9, 2026, to seek member approval for these matters.

Mitsu Chem Plast Ltd's Board of Directors has approved the issuance of up to 10,00,000 warrants, convertible into equity shares within 18 months. The warrants will be issued at a price of ₹151 each, aggregating up to ₹15.10 crore. A subscription price of ₹37.75 per warrant is payable upfront, with the balance of ₹113.25 payable upon conversion. The company also approved its unaudited financial results for the quarter ended June 30, 2026, re-appointed internal auditors, and appointed an additional director. An Extra-Ordinary General Meeting (EGM) is scheduled for September 9, 2026, to seek member approval for these matters.

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.

Mitsu Chem Plast Ltd announced its standalone unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the issuance of up to 10,00,000 warrants convertible into equity shares at a price of Rs. 151/- each, aggregating up to Rs. 15,10,00,000. The company also approved the re-appointment of M/s. InCorp Advisory Services Private Limited as Internal Auditor for FY 2026-27 and the appointment of Ms. Drishti Shailesh Thakker as Additional Director. An Extra-Ordinary General Meeting (EGM) is scheduled for September 9, 2026, to seek member approvals for these matters.

Mitsu Chem Plast Limited announced an expansion of its manufacturing capacity by 3,550 MT/Year to support sustainable growth, product diversification, and meet increasing customer demand. The company currently has a capacity utilization of 64% for the year ended March 31, 2026, with existing capacity at 32,450+ MT/Year. This expansion aims to enhance manufacturing capabilities, strengthen the operational platform, and better serve OEM customers across various sectors including chemical, pharmaceutical, and healthcare. The investment in new machinery is expected to improve responsiveness and capture emerging opportunities for consistent, profitable growth.

Mitsu Chem Plast Ltd announced a capacity addition of approximately 3550 MT/Year to its existing operational capacity. The expansion is expected to be completed by August 2026. The investment required for this expansion is approximately INR 194.00 Lakhs, primarily for the purchase of machinery. The financing will be through a combination of bank finance and internal accruals. The company stated that the rationale behind this expansion includes sustaining growth, product diversification, meeting market demand, and exceeding customer expectations. The existing capacity is 32,450+ MT/Year, with a utilization rate of 64% for the year ended March 31, 2026.

Mitsu Chem Plast Ltd has announced Friday, July 24, 2026, as the record date for the payment of its final dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company's Register of Members and Share Transfer Book will be closed from Saturday, July 25, 2026, to Friday, July 31, 2026, inclusive. The 38th AGM is scheduled for Friday, July 31, 2026, at 3:30 p.m. via Video Conferencing or Other Audio Visual Means. This intimation is made in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mitsu Chem Plast Ltd has announced its 38th Annual General Meeting (AGM) to be held on Friday, July 31, 2026, at 3:30 PM IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The agenda includes the adoption of audited financial statements for the year ended March 31, 2026, declaration of final dividend, appointment/re-appointment of directors, changes in designations and remuneration for key management personnel including Mr. Jagdish Dedhia and Mr. Sanjay Dedhia, and approval for increased borrowing limits and creation of security on assets. Resolutions will be passed through remote e-voting and e-voting during the AGM.

Mitsu Chem Plast Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, along with its GRI Report. This filing is in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report details the company's corporate identity, registered and corporate addresses, contact information, and financial year. It also outlines business activities, accounting for 97% of turnover in Plastic Manufacturing, with specific product categories like plastic articles for packing and plastic furniture contributing significantly to revenue. The company operates across 4 national plant locations and 2 offices, serving 25 states nationally and 17 countries internationally. The reporting boundary is standalone.