Announcement Under Regulation 30 - Capacity Addition to existing operational capacity
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Mitsu Chem Plast Ltd has announced an addition of approximately 2,550 MT per year to its manufacturing capacity at Unit 3 in Khalapur, taking total capacity to about 32,450+ MT/year. The expansion is expected to be completed within June 2026 itself. The investment required is around INR 350 lakhs (approx. INR 3.5 crore), entirely for purchase of new machinery, and will be funded through internal accruals with no debt raised. The company's existing capacity utilization stood at 64% for FY ending March 2026, leaving headroom to absorb the new output. Management cited growth sustenance, product diversification, and meeting rising market demand as the rationale for the expansion.
This is a modest, debt-free capacity expansion (~8.5% increase over existing capacity) with near-term commissioning. Likely a neutral-to-mildly-positive signal for shareholders, as it signals demand visibility and disciplined capital allocation, though the absolute size of the capex is small.