Organic Coatings Ltd

AGM Details

• Date: 29 September 2026; mode: video conferencing.
• Start time: 1:30 PM IST; conclusion: 2:18 PM IST.
• Attendance: 36 members via VC.

Key Resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Appoint Ajay Rajnikant Shah, retires by rotation, as director.
• Special: Appoint Ganesh Ramanathan as Independent Director.
• Special: Appoint Subhash Ambubhai Patel as Independent Director.
• Special: Increase the authorised share capital of the company.
• Ordinary: Approve related-party transaction limit for FY 2026-27.
• Special: Enhance overall borrowing limits under Section 180, Companies Act 2013.
• Special: Approve creation of mortgage or charge on assets under section 180(1)(a).
• Special: Approve shifting of registered office from Maharashtra to Gujarat.
• Special: Approve remuneration payable to Abhay Rajnikant Shah, Managing Director.
• Special: Approve remuneration payable to Ajay Rajnikant Shah, Whole-Time Director.
• Special: Approve appointment of Parth Meenesh Patel as Whole-Time Director.
• Special: Approve appointment of Nikhil Sadarangani as Whole-Time Director.
• Special: Approve remuneration payable to Sundaramurthy Kuppamuthu as Whole-Time Director.

Organic Coatings Limited — Trading Window closed from Oct 1, 2026 until 48 hours after the declaration of unaudited financial results for the quarter and half-year ended Sep 30, 2026.

Record date for AGM entitlement

• Security: Equity shares of Organic Coatings Limited (BSE 531157, SYMBOL ORGCOAT).
• Record date: Tuesday, 22 September 2026 for 61st AGM.
• Purpose: AGM of shareholders on 29 September 2026 via VC/OAVM.

AGM notice and shareholder updates

• 61st AGM scheduled for 29 September 2026 at 01:30 PM IST via VC/OAVM.
• Annual Report 2025-26 and AGM notice available online.
• Shareholders with physical holdings must update PAN, KYC, and Nomination via MUFG Intime India RTA.
• Demat holders should register/update email addresses with their Depository Participants.
• Failure to update these details may affect future payments under regulatory timelines.
• RTA: MUFG Intime India Private Limited; contact to assist updates.

AGM entitlement - record date

• Security: Equity shares.
• Record date: Tuesday, September 22, 2026.
• Purpose: 61st AGM on Tuesday, September 29, 2026 via VC/OAVM.

AGM details

• 61st AGM to be held on 29 September 2026 at 1:30 PM IST via VC/OAVM.

Financial snapshot

• Revenue from operations stood at ₹2,809.33 lakh for FY2025-26.
• Net loss for the year: ₹325.88 lakh.
• Total comprehensive loss: ₹326.94 lakh.
• EBITDA (including other income): ₹-163.66 lakh.
• EPS (basic and diluted): ₹-3.27.
• Cash from operations: ₹44.20 lakh; investing: ₹-124.86 lakh; financing: ₹172.08 lakh.
• Year-end cash and cash equivalents: ₹97.30 lakh.

Product mix and sales

• Sale of products: Printing Ink ₹2,470.73 lakh; Coatings ₹30.87 lakh; Auxiliaries ₹145.01 lakh.
• Total sale of products: ₹2,646.61 lakh.
• Other income included in revenue: ₹10.55 lakh.

Balance sheet position

• Equity share capital: ₹997.46 lakh; reserves: ₹-995.18 lakh; net worth: ₹-1,182.08 lakh.
• Total assets: ₹2,428.00 lakh.
• Cash and cash equivalents: ₹97.30 lakh.

Capital structure & liquidity

• Current borrowings: ₹689.32 lakh; non-current borrowings: ₹326.61 lakh.
• Unsecured loans from directors: ₹374.92 lakh.
• Preferential allotment proceeds: ₹230.00 lakh.

AGM & governance actions

• 61st AGM on 29 Sep 2026 via VC/OAVM.
• Independent Directors appointed: Ganesh Ramanathan and Subhash Ambubhai Patel (effective 14 Jul 2026).
• Authorized share capital increased to ₹15 crore; Clause V altered.
• Registered office moved from Maharashtra to Gujarat.
• Remuneration approvals for MD and WTDs under Schedule V.

Operations & outlook

• Single segment: printing inks; shift toward packaging and specialty products.
• Outlook: improve efficiency, target price/mix-led growth with cost control.

Audit & internal controls

• Auditors: Soman Uday & Co.; Secretarial: D. Kothari & Associates; Internal: Dharmesh A. Shah & Associates.
• Audit report flags going concern and trade receivables; internal controls are adequate.

Related party disclosures

• Related party transactions include Quebec Petroleum Resources Ltd, Ducat Chemicals, West Coast Oils LLP, and others.
• Transactions approved; conducted on arm's length basis; FY2026-27 terms outlined.

Remuneration disclosures

• Remuneration for MD and WTDs approved; detailed monthly amounts disclosed in notices.
• Remuneration subject to profit/adequacy constraints per Schedule V.

R&D and energy

• In-house R&D lab; capital expenditure on lab equipment; focus on product development.