Mitsu Chem Plast

Aug 27 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• MITSU CHEM PLAST - PROPOSED CAPACITY ADDITION OF 600 MT PER YEAR WITH INVESTMENT OF 10.7 MILLION RUPEES

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Mitsu Chem Plast reported Q1 FY27 total income of ₹95.33 crore, up 11.62% from a year earlier, while EBITDA rose 209.5% to ₹15.49 crore and net profit increased 566.2% to ₹8.74 crore. EBITDA margin was 16.29%, compared with 5.87% in Q1 FY26. The company proposed 10 lakh convertible warrants, with 4.75 lakh for Manish Dedhia, 3.25 lakh for Sanjay Dedhia and 2 lakh for Rikhav Securities; aggregate promoter holding was expected to rise from 67.77% to 68.61% on a fully diluted basis. Mitsu Chem Plast also described a proposed 3,550 MT per year capacity addition to its 32,450-plus MT per year base, which had operated at 64% utilisation in FY26. FY26 total income was ₹350.85 crore, with an EBITDA margin of 9.90%.

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Mitsu Chem Plast's board approved a preferential issue of up to 10 lakh convertible warrants at ₹151 each, potentially raising ₹15.10 crore from Manish Mavji Dedhia, Sanjay Mavji Dedhia and Rikhav Securities, subject to shareholder and regulatory approvals. It also approved unaudited standalone results for the June quarter, with revenue from operations of ₹95.15 crore and profit after tax of ₹8.74 crore, compared with ₹85.28 crore and ₹1.31 crore a year earlier. The company had reported FY26 income of ₹350.85 crore and PAT of ₹15.62 crore, while installed capacity had reached more than 32,450 tonnes. Its 2024 rights issue raised about ₹21.68 crore for debt repayment, working capital and expansion.

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Mitsu Chem Plast’s board approved plans to issue up to 10 lakh convertible warrants at ₹151 each, potentially raising ₹15.10 crore through a preferential allotment, subject to shareholder and regulatory approvals. The proposed recipients were promoters Manish Mavji Dedhia and Sanjay Mavji Dedhia, with 4.75 lakh and 3.25 lakh warrants respectively, and Rikhav Securities with 2 lakh warrants. Warrant holders would pay ₹37.75 per warrant upfront, with the balance due on conversion within 18 months. The board also scheduled an extraordinary general meeting for September 9 at 2:30pm through video conference, appointed Drishti Shailesh Thakker as an additional independent director for five years subject to shareholder approval, and reappointed InCorp Advisory Services as internal auditor for FY27. Revenue from operations in the June quarter rose to ₹95.15 crore from ₹85.28 crore a year earlier, while profit after tax increased to ₹8.74 crore from ₹1.31 crore. The company recorded FY26 revenue of ₹350.85 crore and ended the year with net debt of ₹58.9 crore.

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Aug 14 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• ISSUANCE OF WARRANTS AGGREGATING UP TO 151 MILLION RUPEES

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Mitsu Chem Plast scheduled a board meeting for 14 August 2026 to consider its June-quarter unaudited results and a proposal to raise capital through equity or equity-linked securities. The proposed routes included a rights issue, preferential allotment, private placement, qualified institutions placement or further public issue, subject to statutory and shareholder approvals. The board was also due to consider an extraordinary general meeting or postal-ballot notice, while the trading window was closed until 48 hours after the outcome. Mitsu reported FY26 revenue of ₹350.85 crore and net debt of ₹58.9 crore; its 2024 rights issue raised about ₹21.68 crore.

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Mitsu Chem Plast planned to add approximately 3,550 MT a year to its existing operational capacity during August 2026. Existing capacity stood at more than 32,450 MT a year and was running at 64% utilisation for the year ended March 2026. The machinery purchase was estimated at ₹1.94 crore and was to be funded through bank finance and internal accruals. Unit IV had started operations in January 2026, and the company had entered intermediate bulk containers through a fully automated plant at Khalapur. FY26 income was ₹350.85 crore, with an EBITDA margin of 9.90%.

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Feb 5 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• MITSU CHEM PLAST LTD - ENTERS GLOBAL SUPPLIER AGREEMENT WITH ARJOHUNTLEIGH POLSKA

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Jan 27 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• TO START MANUFACTURING AT TARAPUR INDUSTRIAL AREA

• PROPOSED CAPACITY ADDITION OF 900 MT/YEAR AT UNIT 4

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Feb 3 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• ANNOUNCES 110% GROWTH IN EXPORT VALUE IN 2024-25 (APRIL-DECEMBER)

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Jan 27 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• MITSU CHEM PLAST LTD - LAUNCHES BRAND FURNASTRA FOR HEALTHCARE FURNITURE

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Feb 19 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• CAPACITY ADDITION TO EXISTING OPERATIONAL CAPACITY OF 835 MT/YEAR

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Dec 19 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• RECEIPT OF IN PRINCIPLE APPROVAL LETTER FROM BSE FOR PROPOSED RIGHTS ISSUE OF EQUITY SHARES

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Oct 30 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• INDIA'S MITSU CHEM PLAST SEPT-QUARTER NET PROFIT 15 MILLION RUPEES VERSUS PROFIT 15.4 MILLION RUPEES

• MITSU CHEM PLAST SEPT-QUARTER REVENUE FROM OPERATIONS 757.8 MILLION RUPEES VERSUS 695.8 MILLION RUPEES

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Oct 25 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• TO CONSIDER PROPOSAL FOR RAISING OF FUNDS

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Aug 7 (Reuters) - Mitsu Chem Plast Ltd MITU.BO:

• INDIA'S MITSU CHEM PLAST JUNE-QUARTER NET PROFIT 13.5 MILLION RUPEES VERSUS PROFIT 51.6 MILLION RUPEES

• MITSU CHEM PLAST JUNE-QUARTER REVENUE FROM OPERATIONS 797.2 MILLION RUPEES VERSUS 845.6 MILLION RUPEES

Source text for Eikon: ID:nBSE4F19nQ

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