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.

Organic Coatings Limited has strengthened its board and governance framework by appointing two independent directors and new auditors for the financial year 2026-27. The Board of Directors, at its meeting held on July 14, 2026, approved the appointment of Mr. Ramanathan Ganesh and Mr. Subhash Ambubhai Patel as Additional Directors in the category of Non-Executive Independent Directors. Both directors will hold office until the conclusion of the next Annual General Meeting. Simultaneously, the board noted the conclusion of the term of Mr. Ashwinkumar Harshadrai Raval as a Non-Executive Independent Director effective June 27, 2026.

In governance changes, the board appointed Mr. Kamal Lalani, a Practicing Company Secretary, as the Secretarial Auditor for FY27. The company removed M/s. Dharmesh A. Shah and Associates as Internal Auditors for the financial years 2026-27 and 2027-28, effective June 30, 2026. Consequently, M/s. ABSM & Associates, Chartered Accountants, Jaipur, were appointed as the new Internal Auditors for FY27 under Section 138 of the Companies Act, 2013.

The Board also approved a proposal to shift the registered office of the company from Maharashtra to Gujarat. This move is subject to the approval of shareholders and other required sanctions under the Companies Act, 2013. Alongside this, the board reconstituted the Nomination and Remuneration Committee and the Audit Committee, and approved the reduction of director remuneration.

On the financial front, the board sanctioned the availing of a Working Capital Term Loan and credit facility of INR 33.60 Lakhs from Bank of Maharashtra. The company also appointed a Nodal Officer regarding the Investor Education and Protection Fund (IEPF). The meeting commenced at 5.05 P.M. and concluded at 5.42 P.M. on July 14, 2026.

Key Appointments

Cessations