Mitsu Chem Plast Ltd Announces Major Changes in Directorships and Key Appointments
Mitsu Chem Plast Ltd has made significant updates to its corporate leadership following a decision by its Board of Directors on July 07, 2026. The board approved several changes regarding the designation of existing directors and confirmed the appointment of a new additional director, all effective from that date.The company’s management structure underwent key transitions involving members of the Dedhia family. Mr. Jagdish Dedhia saw his designation changed from Chairman & Whole Time Director to Non-Executive (Non-Independent) Chairman. This change is set for a period of five consecutive years. Concurrently, Mr. Sanjay Dedhia's role was updated from Managing Director to Executive Vice Chairman & Managing Director, also covering a tenure of five years. Furthermore, Mr. Manish Dedhia was reappointed as Managing Director and Chief Financial Officer (CFO) for the next five consecutive years. All these designation changes are subject to approval by members at the ensuing general meeting.
In addition to the role realignments, the Board approved the appointment of Mr. Pankaj Gharat as Additional Director (Executive, Non-Independent). This appointment is effective from July 07, 2026, and covers a period of five consecutive years.
The appointed directors are subject to confirmation at the forthcoming general meeting. The company provided comprehensive details regarding the professional profiles and relationships of these individuals.
Key Director Changes and Appointments
The following table summarizes the changes in designation for the respective directors:| Director Name | Previous Designation | New/Reappointed Designation | Term Duration |
|---|---|---|---|
| Mr. Jagdish Dedhia | Chairman & Whole Time Director | Non-Executive (Non-Independent) Chairman | 5 years |
| Mr. Sanjay Dedhia | Managing Director | Executive Vice Chairman & Managing Director | 5 years |
| Mr. Manish Dedhia | N/A | Managing Director and CFO | 5 years |
| Mr. Pankaj Gharat | None | Additional Director (Executive, Non-Independent) | 5 years |
Profiles of Key Directors
The Board meeting reviewed the profiles of the involved individuals:- Mr. Jagdish Dedhia: Mr. Dedhia holds a Bachelor of Science degree in Organic Chemistry from the University of Mumbai and has over 35 years of diverse experience, having been associated with the Company since 1990. He is related as cousin to both Mr. Manish Dedhia and Mr. Sanjay Dedhia.
- Mr. Sanjay Dedhia: Holding a Diploma in Chemical Engineering, Mr. Dedhia possesses over 31 years of extensive experience in the Sales and Marketing field, focusing on market dynamics and business development. He has been associated with Mitsu Chem Plast since 1993 and is related as brother to Mr. Manish Dedhia and cousin to Mr. Jagdish Dedhia.
- Mr. Manish Dedhia: With a B.Com degree, Mr. Dedhia is a finance professional who holds over 27 years of experience and two decades in the plastic industry. He leads strategic direction focused on financial growth and business development and is related as brother to Mr. Sanjay Dedhia and cousin to Mr. Jagdish Dedhia.
- Mr. Pankaj Gharat: Possessing a B.Tech (Mechanical Engineering), MBA (Operations), and a BSc degree, Mr. Gharat has over 33 years of experience in areas including Facility Management, Projects Execution, and Quality Management System. He has been associated with the Company since April 2011.
The company also confirmed that Mr. Pankaj Gharat is not related to any Director or Key Managerial Personnel.
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