Organic Recycling Systems Ltd

Reg 74(5) certificate

• Certificate confirms Reg 74(5) compliance for quarter ended 30 September 2026.

AGM Details

• AGM held on 30 Sep 2026 at 11:30 AM via Video Conferencing/Other Audio-Visual Means.
• AGM concluded at 12:11 PM.

Scrutinizer Report & Corrigendum

• Scrutinizer’s Report submitted; contains consolidated voting results for resolutions.
• Corrigendum dated 24 Sep 2026 amended the AGM resolutions.

Key AGM outcomes

• Adopted audited standalone and consolidated financial statements for year ended 31 March 2026.
• Appointed Mrs. Janaki Sarang Bhand as Director liable to retire by rotation.
• Special resolution approved issue of up to 10 lakh shares to promoter Sarang Bhand at ₹161 each.
• Resolutions passed by requisite majority; voting via remote e-voting and AGM e-voting.
• Notice amended by Corrigendum dated 24 September 2026.

AGM resolutions

• Audited standalone and consolidated financial statements for year ended 31 March 2026 adopted.
• Appointed Mrs. Janaki Sarang Bhand as director liable to retire by rotation.
• Special resolution to issue up to 1,000,000 shares to promoter Sarang Bhand at ₹161 per share (₹151 premium).
• Voting conducted via remote e-voting and at AGM; results to be announced and posted.
• AGM held via VC/OAVM on 30 September 2026.

Cessation of Yashas Bhand

• Yashas Bhand ceases as Whole-time Director and CEO; immediate effect 24 Sep 2026 due to unconfirmed whereabouts.
• Janaki Sarang Bhand appointed Director liable to retire by rotation.
• Corrigendum withdraws Item No. 2; substitutes with Janaki Bhand appointment.
• Directorships: Five Elements Environment Ventures Private Limited; Five Elements Research Foundation.
• Relation: inter-se with Mr. Sarang Bhand and Mr. Yashas Bhand.
• KMPs authorized for materiality: Sarang Bhand (MD); Jigar Gudka (CFO); Manoj Kumar (CS).

Organic Recycling Systems Ltd — Trading window closed from October 1, 2026 until the completion of 48 hours after the declaration of Unaudited Financial Results for the half year ended September 30, 2026

Order details

• Awarding entity: Bharat Petroleum Corporation Limited (BPCL) (domestic, India).
• Contract scope: EPCOM for Organic Municipal Solid Waste-based CBG plant at Kozhikode, Kerala.
• Contract value: ₹92.41 crore including GST.
• Execution timeline: EPC/completion within 15 months from LOA; 5 years O&M post commissioning.
• Milestones: mechanical completion in 12 months; commissioning in 15 months.
• Related party: No promoter/group interest; not arm's length.
• Significant terms: LOA terms; PGT within 3 months of commissioning or 18 months from LOA.
• Material impact: Increases BPCL EPCOM awards to ₹259.71 crore; 15 plant-years O&M visibility.

AGM Details

• AGM date 30 September 2026 at 11:30 AM; mode VC/OAVM.
• Deemed venue: Registered Office for VC/OAVM attendance.
• Voting rights cut-off date: 23 September 2026.

Ordinary Business

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment of Mr. Yashas Bhand as director, retiring by rotation.

Special Business

• Promoter preferential issue of up to 10 lakh equity shares at Rs 161 each.
• Aggregate issue size up to Rs 16.10 crore.
• Floor price fixed at Rs 160.01 per share.
• Relevant date for pricing: 31 August 2026.
• Board approved the issue on 2 September 2026; authorizes related actions.
• Post-issue promoter holding up to 20.19%.

Director Remuneration & Tenure

• Yashas Bhand to be re-appointed as director; 3-year term (2025–2028).
• Remuneration last drawn: Rs 24 lacs; cap to be approved by members.

Material Related Party Transactions

• Promoter-related preferential issue to promoter Sarang Bhand.
• Aggregate proceeds up to Rs 16.10 crore.
• Promoter intends to subscribe up to 10 lakh shares.
• No other material related party transactions disclosed.

Regulatory & Other Approvals

• Valuation report fixes floor price at Rs 160.01.
• SEBI ICDR Regulations compliance; approvals from regulators required.
• Issue completion within 15 days of shareholder approval.

AGM Details

• AGM on September 30, 2026 at 11:30 IST via VC/OAVM.
• Notice dated September 7, 2026.
• Annual Report available on the company's website.
• Registrar contact: Maashitla Securities Pvt Ltd for queries.