Mitsu Chem Plast Ltd has announced the retirement of Dilip Khushalchand Gosar from its Board effective June 12, 2026. The director stepped down upon the completion of his second term as a Non-Executive Independent Director, marking a structural change in the company's governance at the close of business hours on the specified date.

Details of the Change

The transition was formalized through an official disclosure outlining the specifics of the director's departure. The retirement was attributed solely to the completion of the tenure, with no other factors such as resignation or removal cited in the filing.

Director Information

The filing confirmed that the terms of re-appointment were not applicable in this instance. Additionally, disclosures regarding relationships between directors and information required pursuant to specific BSE and NSE circulars dated June 20, 2018, were noted as not applicable to this retirement scenario.

Mitsu Chem Plast Limited has announced plans to increase its manufacturing capacity by approximately 2,550 MT/Year at its Unit 3 facility, with the project scheduled for completion by June 2026. The expansion will be funded entirely through internal accruals, with an investment of approximately ₹3.5 crore earmarked for the purchase of machinery. The strategic initiative is aimed at sustaining growth, facilitating product diversification, meeting rising market demand, and exceeding customer expectations.

Existing Manufacturing Footprint

The company's current operational capacity stands at over 29,900 MT/Year for the financial year 2025-26, representing the combined output of its manufacturing facilities — Unit I, Unit 2, and Unit 4 located in Tarapur, along with Unit 3 in Khalapur. For the year ended March 31, 2026, the existing capacity utilization was reported at 64%. The proposed addition at Unit 3 will further augment the company's total manufacturing capability upon completion.

Capacity Expansion Details

The following table summarizes the key parameters of the announced capacity expansion:

The investment details and rationale were disclosed to the exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted by Gargi Suresh Sawant, Company Secretary & Compliance Officer of Mitsu Chem Plast Limited.