Organic Recycling Systems Ltd

Certificate confirmation

• Certificate confirms compliance with Regulation 74(5) for the reporting quarter.

Bonus issue details

• Type: Ordinary resolution to approve capitalisation of reserves for bonus shares.
• Nature: Bonus equity shares in a 1:2 ratio.
• Key terms: Capitalisation up to Rs 5,19,96,370 from securities premium and CRR.
• Share terms: Rs 10 per share, fully paid, rank pari passu with existing shares.
• Delivery: Allotment to be via dematerialised form; physical shares to Unclaimed Securities Escrow.
• Fractional shares: Any fractions to be ignored; no fractional allotment.
• Interest: No promoter/director interest beyond their existing shareholding.
• Foreign investors: RBI approval required for NRIs/ FPIs if applicable.
• Record date: Board to fix record date; updates will be announced.
• Implementation: Bonus issue to be completed within two months from the board meeting.
• Not in lieu of dividend; no defaults; promoters/directors not fugitive offenders.
• Explanatory note: Board recommended passing the ordinary resolution.

Bonus issue details

• Board approved recommending a bonus issue in a 1:2 ratio, subject to approvals.
• Record date to be intimated separately by the company.
• Bonus Allotment Committee empowered to act for the issue.
• Equity shares of face value ₹10 each will be issued.
• Total number of shares proposed: 51,99,637.
• Bonus will be issued out of share premium and/or capital reserve as of March 31, 2026.
• Bonus ratio is 1:2; one new share for every two held.
• Pre-bonus paid-up capital as of July 6, 2026: ₹10,39,92,750.
• Post-bonus paid-up capital will be ₹15,59,89,120 with 1,55,98,912 shares.
• Free reserves and share premium required for the issue: ₹5,19,96,370 as on July 6, 2026.
• Aggregate capitalization available as of 31 March 2026: ₹151,95,47,620.
• Figures related to capitalization and reserves are audited.
• Credit/dispatch of bonus shares expected on or before 3 September 2026.

Meeting Details

• Board meeting scheduled for July 6, 2026; time and venue not disclosed.

Key Agenda Items

• Proposal to issue bonus shares to be considered at the July 6, 2026 board meeting.

Other Notes

• Intimation under Regulation 29(1)(f) of SEBI LODR.
• Outcome of the board meeting to be communicated to stock exchanges after conclusion.

Research portfolio

• ORS-RIC now has 7+ innovations in development across biochar, catalysts, carbon membranes, CO₂ utilization, and microalgae systems.

Business impact

• ORSL aims to support export-oriented industries facing stricter carbon reporting and compliance requirements.

FY26 results

• Revenue from operations rose 117.14% to ₹1,050.75 million in FY26.
• EBITDA increased 44.81% to ₹302.83 million in FY26.
• PAT increased 60.56% to ₹250.81 million in FY26.
• FY26 diluted EPS was ₹24.12.

H2FY26 results

• Revenue from operations rose 141.73% to ₹744.96 million in H2FY26.
• EBITDA increased 33.33% to ₹155.77 million in H2FY26.
• PAT increased 45.96% to ₹129.82 million in H2FY26.
• H2FY26 EBITDA margin fell to 20.91% from 37.91%.

Business developments

• Company expanded into biofuels, green chemicals, catalysts, and carbon capture and utilisation.
• Secured EPC contracts for 5 TPD CBG project in Rajasthan and 10 TPD project in Madhya Pradesh.
• Acquired 99.99% stake in Industrial Associate.
• Signed MoUs with IIT (BHU) Varanasi and Punjab Renewable Energy Systems Pvt. Ltd.

R&D and operations

• ORS Research & Innovation Centre received NABL accreditation.
• Company said the centre supports testing, validation, and third-party research services.
• Management highlighted a robust EPC order book and BOO project pipeline.
• Company is evaluating BOO projects in agro valorisation for annuity revenue.

Outlook

• Management guided for about 30% year-on-year revenue growth in FY27.
• Company expects growth from execution pipeline and higher contribution from innovation-led verticals.