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.

Organic Coatings Limited declared its unaudited standalone financial results for the first quarter ended June 30, 2026. The printing ink manufacturer reported a net profit of ₹0.03 lakh for the period. This marks a shift from the net loss of ₹9.74 lakh recorded in the preceding quarter ended March 31, 2026.

The Board of Directors approved the financial outcomes at a meeting held on August 14, 2026. The results have been filed with the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's total income for the quarter stood at ₹1.52 lakh, driven primarily by other income. Revenue from operations was not explicitly disclosed as a separate positive figure in the extract provided, with the total income line item reflecting the aggregate earnings.

Total expenses for the quarter amounted to ₹1.48 lakh. This includes employee benefit expenses of ₹0.30 lakh and other expenses of ₹1.18 lakh. Finance costs were negligible for the period.

What the Numbers Show

The transition from a quarterly loss to a profit is largely attributable to a significant reduction in operating expenses rather than a surge in top-line revenue. While total income saw a modest increase from ₹0.80 lakh to ₹1.52 lakh, total expenses contracted sharply from ₹10.54 lakh in the previous quarter to ₹1.48 lakh. This divergence highlights that the profitability in Q1FY27 was driven by cost containment and lower expenditure levels compared to the prior period.

Regulatory Disclosures

The unaudited financial results are available on the company’s website and the stock exchange portals. The filing was signed by Ajay Rajnikant Shah, Wholetime Director & CFO, on behalf of the Board. The company continues to operate under its registered office in Mumbai.