Organic Recycling Systems Limited has appointed Manoj Kumar as its new Company Secretary and Compliance Officer, effective September 01, 2026. The Board of Directors approved the appointment on August 5, 2026, following a recommendation from the Nomination and Remuneration Committee. This leadership change replaces Ms. Seema Gawas, who resigned from her position on August 5, 2026, to pursue better career opportunities outside the organization.

The appointment was formalized during a Board meeting held on August 5, 2026, which commenced at 9.30 a.m. and concluded at 9.45 a.m. The Board considered and approved two key items: the acceptance of Ms. Seema Gawas’s resignation and the subsequent appointment of Mr. Manoj Kumar. The company disclosed these developments to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Manoj Kumar brings over 10 years of professional experience in corporate governance and regulatory affairs. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) with Membership No. A56992. He holds a Bachelor of Commerce (B.Com.) degree and possesses expertise in corporate laws, secretarial compliance, and regulatory matters. His profile indicates extensive experience serving as a Company Secretary prior to joining Organic Recycling Systems Limited.

Ms. Seema Gawas, who held Membership No. A48682, served as the Company’s Company Secretary and Compliance Officer until the closure of business hours on August 5, 2026. Her resignation letter, dated April 30, 2026, cited personal career prospects as the reason for her departure. She requested the Board to file the requisite forms with the Registrar of Companies and intimate the stock exchange regarding the effectuation of her resignation. The resignation was received and accepted by Rahul R Shinde on August 5, 2026.

Key Personnel Details

The transition ensures continuity in the company’s compliance functions, with Mr. Kumar assuming responsibilities immediately after the handover period. The Board’s decision reflects a structured approach to governance, ensuring that the critical role of Company Secretary remains filled without disruption to regulatory reporting obligations.

Organic Recycling Systems has scheduled an Extra-Ordinary General Meeting (EGM) on August 3, 2026, to seek shareholder approval for a bonus issue at a ratio of 1:2. The meeting will be held through Video Conference at 11:30 a.m. (IST). The corporate action aims to capitalize reserves to reward shareholders and enhance liquidity, subject to regulatory approvals. The company has intimated the exchange regarding the publication of advertisements for this EGM in the Financial Express and Navshakti newspapers on July 11, 2026.

Bonus Issue Details

The Board of Directors approved the issuance of 51,99,637 new fully paid-up equity shares of ₹10 each. The allotment will be funded from the securities premium account and the capital redemption reserve account. The total amount capitalized will not exceed ₹5,19,96,370. The following table summarizes the key parameters of the issue:

Capital Structure Impact

The bonus issue will alter the company's paid-up equity share capital. Pre-bonus capital stands at ₹10,39,92,750, comprising 1,03,99,275 shares of ₹10 each. Post-issue, the capital will increase to ₹15,59,89,120, consisting of 1,55,98,912 shares of ₹10 each. The actual number of shares issued will be determined based on the paid-up equity share capital as on the record date.

EGM and Voting Details

The company has fixed July 27, 2026, as the cut-off date to determine member eligibility for voting and attending the EGM. Remote e-voting will be available from 9:00 a.m. on July 30, 2026, until 5:00 p.m. on August 2, 2026. Members can also vote during the meeting via the e-voting system. The scrutinizer for the process is Mr. Anish Gupta or Mr. Manish Rajnarayan Gupta of M/s. VKMG & Associates LLP. The bonus shares are expected to be credited within two months from the date of the Board meeting, pending approval.