Organic Coatings Limited has accepted the resignation of its Secretarial Auditor, Mr. J.J. Gandhi, effective June 10, 2026. The resignation, tendered via email, was for the financial year 2026-27 and took effect immediately. The company disclosed this development to BSE Limited in a filing submitted on June 13, 2026.

Mr. J.J. Gandhi of M/s. J.J. Gandhi & Co., Practicing Company Secretaries, cited personal reasons for his inability to continue in the role. He had been appointed to the position by the Board of Directors at a meeting held on April 29, 2026, pursuant to Section 204 of the Companies Act, 2013.

The company acknowledged a delay in submitting the required disclosure within the prescribed time limit. It attributed the oversight to an inadvertent and unintentional miss, requesting that the exchange condone the delay and treat the intimation as compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Resignation

The following table outlines the key details regarding the change in the Secretarial Auditor:

The information has been made available on the company's website. Ajay R. Shah, Whole-time Director & CFO, signed the disclosure on behalf of Organic Coatings Limited.

Organic Coatings Limited reported a widened net loss of ₹325.88 lakh for the financial year ended March 31, 2026, compared to a loss of ₹210.23 lakh in the previous year. Total income from operations for the year increased marginally to ₹2,819.88 lakh from ₹2,800.45 lakh in FY25. The company's Board approved the audited standalone financial results during a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹84.99 lakh, compared to a loss of ₹77.58 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter rose to ₹964.82 lakh from ₹635.17 lakh in Q4FY25. The statutory auditors have expressed an unmodified opinion on the audited standalone financial results for the year ended March 31, 2026.

The paid-up equity share capital remained constant at ₹997.46 lakh during the reported periods. Earnings per share (EPS) for the year ended March 31, 2026, stood at a loss of ₹3.27, compared to a loss of ₹2.74 in the previous year. For the quarter ended March 31, 2026, the EPS was a loss of ₹0.85, against a loss of ₹1.01 in the same period last year.

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors. The company stated that the figures for the current quarter and the corresponding quarter in the previous year are balancing figures derived from the audited full-year results and the published year-to-date figures up to the third quarter.

Financial Results Summary