AGM Details

  • Date of AGM: Friday, July 31, 2026
  • Time: 03:30 PM IST
  • Venue: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: Friday, July 24, 2026 (for dividend entitlement and voting)
  • Remote e-Voting Period: Tuesday, July 28, 2026 (9:00 AM) to Thursday, July 30, 2026 (5:00 PM)

Ordinary Business Items

Item No. 1: Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements for the year ended March 31, 2026 together with Reports of Directors and Auditors. To be passed by Ordinary Resolution through remote e-voting and e-voting during AGM.

Item No. 2: Declaration of Dividend

To declare final dividend on equity shares for FY ended March 31, 2026. The company has fixed ₹0.20 per equity share as final dividend, subject to approval. To be passed by Ordinary Resolution through remote e-voting and e-voting during AGM.

Item No. 3: Appointment of Director

To appoint a director in place of Mr. Jagdish Liladhar Dedhia (DIN: 01639945) who retires by rotation. To be passed by Ordinary Resolution through remote e-voting and e-voting during AGM.

Special Business Items

Item No. 4: Appointment of Mr. Ajit Eledath Venugopalan as Independent Director

  • Director: Mr. Ajit Eledath Venugopalan (DIN: 09439069)
  • Role: Non-Executive Independent Director
  • Term: Five consecutive years from May 28, 2026 to May 27, 2031
  • Appointment Type: Originally appointed as Additional Director on May 28, 2026
  • Resolution Type: Ordinary Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 5: Re-appointment of Mr. Hasmukh Bhavanji Dedhia as Independent Director

  • Director: Mr. Hasmukh Bhavanji Dedhia (DIN: 07510925)
  • Role: Non-Executive Independent Director
  • Term: Second term of five consecutive years from June 1, 2026 to May 31, 2031
  • Special Provision: Continuation beyond age 75 (attains 75 on June 21, 2030) until term expiry
  • Current Status: First term expired May 31, 2026
  • Remuneration: Sitting fees for Board/Committee meetings (paid ₹2,50,000 during 2025-26)
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 6: Appointment of Mr. Pankaj Janardan Gharat as Executive Director

  • Director: Mr. Pankaj Janardan Gharat (DIN: 11810105)
  • Role: Executive Director (Non-Independent)
  • Term: Five consecutive years from July 07, 2026
  • Appointment Type: Originally appointed as Additional Director on July 07, 2026
  • Remuneration Details:
  • Annual Compensation: Up to ₹24 Lakhs per annum
  • Benefits: Provident fund, gratuity, club memberships, medical insurance, travel expenses for spouse during business trips, leave encashment
  • Minimum remuneration payable even if company has no profits or inadequate profits
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 7: Change in Designation of Mr. Jagdish Liladhar Dedhia

  • Director: Mr. Jagdish Liladhar Dedhia (DIN: 01639945)
  • Current Designation: Chairman & Whole Time Director
  • Proposed Designation: Non-Executive (Non-Independent) Chairman
  • Effective Date: July 07, 2026
  • Term: Five consecutive years
  • Remuneration: ₹27,00,000 from July 07, 2026 to March 31, 2027 plus sitting fees
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 8: Payment of Remuneration to Mr. Jagdish Liladhar Dedhia for FY 2027-28

  • Director: Mr. Jagdish Liladhar Dedhia (DIN: 01639945)
  • Role: Non-Executive (Non-Independent) Chairman
  • Remuneration: Not exceeding ₹36,00,000 for financial year 2027-28 plus sitting fees
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 9: Change in Designation and Remuneration of Mr. Sanjay Mavji Dedhia

  • Director: Mr. Sanjay Mavji Dedhia (DIN: 01552883)
  • Current Designation: Managing Director
  • Proposed Designation: Executive Vice Chairman and Managing Director
  • Effective Date: July 07, 2026
  • Term: Five consecutive years
  • Remuneration Details (for three years from April 01, 2026):
  • Annual Compensation: Up to ₹200 lakhs per annum
  • Commission: 1% of net profit of the company
  • Benefits: Provident fund, gratuity, club memberships, medical insurance, travel expenses for spouse during business trips, leave encashment
  • Minimum remuneration payable even if company has no profits or inadequate profits
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 10: Re-appointment and Remuneration of Mr. Manish Mavji Dedhia

  • Director: Mr. Manish Mavji Dedhia (DIN: 01552841)
  • Role: Managing Director & CFO
  • Term: Fresh term of five years from July 07, 2026
  • Remuneration Details (for three years from April 01, 2026):
  • Annual Compensation: Up to ₹200 lakhs per annum
  • Commission: 1% of net profit of the company
  • Benefits: Provident fund, gratuity, club memberships, medical insurance, travel expenses for spouse during business trips, leave encashment
  • Minimum remuneration payable even if company has no profits or inadequate profits
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 11: Increase in Borrowing Limits

  • Current Limit: ₹200 crores (approved June 14, 2016)
  • Proposed Limit: ₹500 crores
  • Purpose: For business requirements, expansion plans, capital expenditure, working capital, strategic investments, and general corporate purposes
  • Authority: Board of Directors (including committees or delegates)
  • Legal Reference: Section 180(1)(c) of Companies Act, 2013
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Item No. 12: Creation of Security on Assets

  • Limit: Up to ₹500 crores
  • Security Type: Mortgage/charge on movable/immovable, tangible/intangible properties, present and future, and/or undertakings of the company
  • Purpose: To secure borrowings under the increased limit
  • Legal Reference: Section 180(1)(a) of Companies Act, 2013
  • Resolution Type: Special Resolution
  • Voting Method: Remote e-Voting and e-voting during AGM

Dividend Details

  • Amount: ₹0.20 per equity share (final dividend for FY 2025-26)
  • Record Date: Friday, July 24, 2026
  • Payment Mode: Electronic mode only
  • Taxation: TDS applicable as per Finance Act, 2020; no TDS if dividend ≤ ₹5,000 for resident individual shareholders
  • Unclaimed Dividend: Details available on company website www.mitsuchem.com

Shareholder Information

  • Register of Members Closure: July 25, 2026 to July 31, 2026 (both days inclusive)
  • E-voting Service Provider: Bigshare Services Private Limited
  • Scrutinizer: Ms. Shreya Shah (ACS 39409 and COP No. 15859)

Director Shareholdings (as of March 31, 2026)

  • Mr. Jagdish Liladhar Dedhia: 30,30,312 equity shares
  • Mr. Sanjay Mavji Dedhia: 12,71,922 equity shares
  • Mr. Manish Mavji Dedhia: 16,74,720 equity shares
  • Mr. Pankaj Janardan Gharat: 180 equity shares
  • Mr. Hasmukh Bhavanji Dedhia: NIL
  • Mr. Ajit Eledath Venugopalan: NIL

Director Relationships

  • Mr. Jagdish Liladhar Dedhia: Cousin to Mr. Manish Mavji Dedhia and Mr. Sanjay Mavji Dedhia
  • Mr. Sanjay Mavji Dedhia: Brother to Mr. Manish Mavji Dedhia and cousin to Mr. Jagdish Liladhar Dedhia
  • Mr. Manish Mavji Dedhia: Brother to Mr. Sanjay Mavji Dedhia and cousin to Mr. Jagdish Liladhar Dedhia
  • Other directors not related to any key managerial personnel