Mitsu Chem Plast issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for September 9, 2026. The update was dispatched on August 26, 2026, to amend the original notice dated August 14, 2026.

The company convened the EGM via Video Conferencing or Other Audio Visual Means at 2:30 pm. The corrigendum serves to provide additional details and amendments pursuant to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Amendments

The primary revision relates to the explanatory statement for Item No. 1 of the EGM agenda. The company disclosed that a certificate from Maharshi Ganatra and Associates, Practising Company Secretary, will be placed before shareholders.

The certificate confirms that the preferential issue is being made in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018. Members can inspect this certificate at the company’s registered office between 11:00 am and 5:00 pm on all working days from the date of dispatch until September 9, 2026.

Regulatory Compliance

The corrigendum forms an integral part of the original EGM notice. Shareholders are advised to read the new notice in conjunction with the previously circulated document. All other contents of the EGM notice remain unchanged unless modified by this corrigendum.

The document is available on the Bombay Stock Exchange website and the company’s investor relations page.

Mitsu Chem Plast Limited reported a 566.23% year-on-year surge in net profit for Q1FY27, driven by significant operational efficiency gains and a stronger product mix.

The Mumbai-based manufacturer posted a net profit of ₹873.83 lakh in the quarter ended June 30, 2026, compared to ₹131.16 lakh in the corresponding period last year. Total income grew 11.62% YoY to ₹9,532.78 lakh.

Financial Highlights

The company’s earnings per share (EPS) rose to ₹6.44 from ₹0.97 in Q1FY26. Sequentially, net profit increased from ₹771.73 lakh in Q4FY26 to ₹873.83 lakh in Q1FY27.

*Derived from disclosed margin and income figures.

What the Numbers Show

The divergence between revenue growth and profitability metrics indicates a structural shift in the company's cost management. While top-line growth remained modest at 11.62%, EBITDA more than doubled. This suggests that the recent rationalization of low-margin SKUs and improved product mix contributed significantly more to bottom-line health than volume expansion alone.

Capacity Expansion & Strategy

Management announced the addition of 3,550 metric tons per annum to its existing capacity of 32,450 metric tons. This new capacity is already operational. The expansion aims to support growth across industrial packaging, healthcare furniture (under the Furnastra brand), and other value-added applications.

Key strategic updates include:

• Raw Material Pass-Through: The company successfully passed on raw material price increases to customers, maintaining margins despite geopolitical pressures. Imports have been replaced with local sourcing.
• Customer Acquisition: Over 30 new customers were added in Q1FY27, with more than 150 added in the previous year.
• Future Targets: Management reiterated its goal to achieve ₹1,000 crore in annual revenue by FY28. An IBC (Intermediate Bulk Container) project is expected to commence commercial production in Q3FY27.
• Export Presence: Exports currently constitute approximately 2% of total revenue, with operations spanning 17 countries.