Mitsu Chem Plast Ltd

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.

Mitsu Chem Plast Limited has submitted its Annual Report for the financial year 2025-26, as per SEBI regulations. The report details the company's corporate overview, financial performance, ESG initiatives, and statutory reports. Key highlights include a commitment to innovation, capacity enhancement, and operational excellence, alongside investments in sustainable practices and community development. The company also announced a dividend of ₹0.20 per equity share and scheduled its AGM for July 31, 2026, to be held via Video Conferencing / Other Audio Visual Mode (OAVM). The report emphasizes translating innovation into scalable value and building a sustainable future.

Mitsu Chem Plast Ltd has announced significant changes in its management structure, effective July 07, 2026. Mr. Jagdish Dedhia transitions from Chairman & Whole Time Director to Non-Executive (Non-Independent) Chairman for five years. Mr. Sanjay Dedhia moves from Managing Director to Executive Vice Chairman & Managing Director for five years. Mr. Manish Dedhia is re-appointed as Managing Director and CFO for five years. Additionally, Mr. Pankaj Gharat is appointed as Additional Director (Executive, Non-Independent) for five years. All changes are subject to member approval at the upcoming general meeting. The 38th Annual General Meeting is scheduled for July 31, 2026.

Mitsu Chem Plast Ltd has announced the closure of its trading window for dealing in equity shares. This closure is in accordance with the company's Code for Prevention of Insider Trading, framed under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for all insiders, designated persons, and their immediate relatives starting from July 1, 2026. It will remain closed until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent potential insider trading during the period leading up to financial result announcements.

Mitsu Chem Plast Ltd announced that Mr. Dilip Khushalchand Gosar has completed his second consecutive term as a Non-Executive Independent Director. Consequently, he ceases to hold his position and membership in various board committees, effective from the close of business hours on June 12, 2026. The company expressed appreciation for his contributions. This change is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mitsu Chem Plast Ltd announced a capacity addition of approximately 2550 MT/Year at its Unit 3, with the expansion expected to be completed by June 2026. This addition will increase the company's total operational capacity beyond its current 29,900+ MT/Year. The investment required for this expansion is approximately INR 350.00 lakhs, primarily for the purchase of machinery, and will be financed through internal accruals. The rationale behind this expansion is to sustain growth, diversify products, meet market demand, and enhance customer satisfaction.

The company's Board of Directors approved the appointment of Mr. Ajit Eledath Venugopalan as an Additional Independent Director for a five-year term starting May 28, 2026. Concurrently, Mr. Hasmukh Bhavanji Dedhia was re-appointed as an Independent Director for a second five-year term effective June 1, 2026. Both appointments are subject to shareholder approval. The Board also noted the completion of Mr. Dilip Khushalchand Gosar's second term as Independent Director, effective June 12, 2026. Mr. Venugopalan brings over 30 years of banking and finance experience, including serving as MD of SVC Co-operative Bank.

Mitsu Chem Plast Ltd reported impressive Q4 FY26 results with a 117.91% jump in net profit and a 72.98% increase in EBITDA. Total Income for Q4 FY26 stood at ₹8679.47 Cr. For FY26, the company reported a 5.40% increase in Total Income, a 48.88% rise in EBITDA, and a 115.40% surge in Net Profit. The company also expanded its capacity and entered into a Global Supplier Agreement with Arjohuntleigh Polska.