Mitsu Chem Plast Ltd

Mitsu Chem Plast Ltd held an Extra Ordinary General Meeting (EGM) on September 09, 2026, where two key resolutions were passed by majority vote. The first resolution approved the issuance of up to 10,00,000 warrants convertible into equity shares to promoters and non-promoters on a preferential basis. The second resolution confirmed the appointment of Ms. Drishti Shailesh Thakker as an Independent Director. The meeting details and voting results, as per SEBI regulations, have been disclosed.

Mitsu Chem Plast Limited has announced a capacity addition of 600 MT/Year to its existing manufacturing facility, strengthening its capabilities and supporting future growth. This expansion is part of a larger FY27 capacity enhancement plan totaling 6,700 MT/Year. The company's existing capacity utilization stands at 64% for the year ended March 31, 2026. This strategic move aims to meet rising demand across industrial packaging, healthcare, and infrastructure segments, reinforcing management's confidence in sustained demand and operational scalability. The additional capacity will enhance service to OEM customers and support product diversification.

Mitsu Chem Plast Ltd announced plans for a capacity addition of 600 MT/Year to its existing operational capacity. The expansion is expected to be completed by August 2026, with an investment of approximately INR 107.00 Lakhs primarily for machinery purchase. The financing will be a mix of bank finance and internal accruals. This move is aimed at sustaining growth, diversifying products, meeting market demand, and enhancing customer satisfaction. The company's current capacity is over 36,000 MT/Year with a utilization rate of 64% for the year ended March 31, 2026.

Mitsu Chem Plast Ltd has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice, originally dated August 17, 2026. The EGM is scheduled for September 09, 2026. The corrigendum provides revisions to the explanatory statement for Item No. 1, specifically regarding the Practicing Company Secretary's Certificate for a preferential issue. This certificate, confirming compliance with SEBI (ICDR) Regulations, 2018, will be available for inspection and on the company's website. The corrigendum is an integral part of the original EGM notice.

Mitsu Chem Plast Ltd has announced details for e-voting for its upcoming Extra Ordinary General Meeting (EGM). The EGM is scheduled for Wednesday, September 9, 2026, at 2:30 PM IST, to be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The remote e-voting period will commence on Saturday, September 5, 2026, at 9:00 AM and conclude on Tuesday, September 8, 2026, at 5:00 PM. Shareholders are advised to note these dates for participation.

Mitsu Chem Plast Ltd has announced an Extra Ordinary General Meeting (EGM) to be held on September 9, 2026, at 2:30 PM IST via Video Conferencing. The primary agenda is to consider and approve a special business item: the issue of up to 10,00,000 warrants convertible into equity shares to promoters and non-promoters on a preferential basis. These warrants will be issued at Rs. 151 each, convertible into equity shares of Rs. 10 face value with a premium of Rs. 141 per share. The proposed allotment includes 4,75,000 warrants to Manish Mavji Dedhia and a portion to Sanjay Mavji Dedhia, both identified as promoters.

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.