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.

Mitsu Chem Plast Limited announced its audited financial results for the quarter and year ended March 31, 2026, demonstrating strong performance with significant growth in both revenue and profitability. The Board of Directors, which met on May 2, 2026, approved the financial results and recommended a final dividend for shareholders. In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the financial results in newspapers including Financial Express and Mumbai Lakshadeep on May 05, 2026.

For the full year FY26, the company reported revenue from operations of Rs 35,016.95 lakhs, an increase from Rs 33,227.84 lakhs in the previous fiscal year. Total income for FY26 reached Rs 35,084.56 lakhs, compared to Rs 33,287.97 lakhs in FY25. Net profit after tax for the year stood at Rs 1,561.87 lakhs, more than doubling from Rs 725.08 lakhs recorded in FY25. The basic and diluted earnings per share for FY26 improved to Rs 11.50 from Rs 5.39 in the preceding year.

Financial Performance Summary

For the quarter ended March 31, 2026, the company reported revenue from operations of Rs 8,647.46 lakhs and net profit of Rs 771.73 lakhs. The quarterly basic EPS stood at Rs 5.68. The company's total assets as of March 31, 2026, amounted to Rs 21,786.32 lakhs, while total equity and liabilities stood at Rs 21,786.32 lakhs.

Balance Sheet Position

Regulatory Filing and Corrigendum

On May 03, 2026, Mitsu Chem Plast Limited filed a corrigendum with BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company corrected an omission in its investor presentation for the quarter and year ended March 31, 2026, where it had erroneously missed mentioning "Lakhs" for the figures mentioned for Q4FY26 on Page 6 of the investor presentation.

The Board of Directors has recommended a final dividend of 2%, equivalent to Rs 0.20 per equity share on a face value of Rs 10 each for the financial year ended March 31, 2026. This dividend is subject to approval by shareholders at the forthcoming Annual General Meeting. The statutory auditors, M/s. Gokhale & Sathe, Chartered Accountants, have issued an unmodified opinion on the audited financial results for the year ended March 31, 2026.

The company also disclosed that it assessed the impact of the new Labour Codes notified by the Government of India, resulting in an incremental impact of Rs 12.33 lakhs primarily due to changes in wage definition. This amount was presented as a statutory impact under exceptional items in the interim statement for the period ended December 31, 2025. There were no investor complaints pending as of March 31, 2026.