Organic Coatings has accepted the resignation of Mr. Ajay Rajnikant Shah as Chief Financial Officer, effective August 17, 2026. The company cited personal commitments as the reason for his departure from the Key Managerial Personnel role.

Shah confirmed in his resignation letter that there are no other material reasons for stepping down aside from those stated. He will continue to serve the company as a whole-time director following his exit from the CFO position.

The Board of Directors accepted the resignation during its meeting held on August 18, 2026. The company disclosed this development to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The disclosure included Annexure A detailing the event pursuant to SEBI circular No. SEBI/HO/CFD/PoD2/I/3762/2026 dated January 30, 2026. The company also attached the resignation letter and a declaration from Shah confirming the absence of undisclosed material reasons for his exit.

Delay in Disclosure

In a fresh corporate announcement submitted on August 27, 2026, Organic Coatings clarified the reason for the delayed submission of the resignation intimation. The company stated that it missed out the submission within the prescribed time limits inadvertently and unintentionally.

The revised intimation was submitted after BSE Limited directed the company to provide a fresh announcement via email dated August 26, 2026, referencing an initial submission dated August 25, 2026. The company requested the exchange to condone the inadvertent and unintentional delay and treat the intimation as compliance under applicable SEBI Listing Regulations.

Organic Coatings Limited has scheduled a board meeting for August 29, 2026, to finalize details for its upcoming Annual General Meeting. The session will determine the cut-off date for voting and dividend eligibility for the financial year ended March 31, 2026.

Meeting Agenda

The Board of Directors will consider several key items during the scheduled session. Primary among these is fixing the date, time, and venue for the 61st Annual General Meeting (AGM).

The board will also approve the draft Notice of the AGM along with the Directors' Report. Additionally, the meeting will establish the record date required for shareholder voting rights and dividend eligibility.

Regulatory Disclosure

This prior intimation is issued under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aims to inform members and investors about the impending corporate action.

Parth Meenesh Patel, Whole-time Director of Organic Coatings Limited, signed the intimation on August 25, 2026.