Business Responsibility and Sustainability Reporting for FY 2024-25
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Awaiting price reaction for this filing.
Mitsu Chem Plast has submitted its annual Business Responsibility and Sustainability Report for FY 2024-25, covering its plastic manufacturing operations (98% of turnover) across 3 plants in Maharashtra. The company reported turnover of ₹332.28 crore and a net worth of ₹96.98 crore, with exports contributing just 0.70% of revenue. ESG highlights include zero fatalities, improved worker safety (LTIFR for workers fell from 11.85 to 6.48), and increased use of recycled plastic input from 1.35% to 4.96%. The company holds multiple ISO certifications (9001, 14001, 45001, 13485, 22000) and has set FY26 targets to cut carbon, energy, and water intensity by 5% each. No fines, penalties, or anti-corruption incidents were reported, though customer complaints fell to 126 from 155.
This is a routine annual regulatory filing with no direct material impact on stock price or shareholder value. It signals improving ESG practices and safety standards, but the company remains small-scale and domestically focused, so the disclosure is mainly for compliance rather than a catalyst for re-rating.