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 Shrivastava 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 secured unanimous shareholder approval for the issuance of bonus equity shares by capitalisation of reserves. The company’s Extra-ordinary General Meeting (EGM), held on August 3, 2026, passed the ordinary resolution with 100% of polled votes in favour, marking a key step in enhancing shareholder equity without additional cash outlay. This move reflects the company’s retained earnings strength and aims to improve the liquidity and marketability of its shares.

The meeting was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, and various Ministry of Corporate Affairs (MCA) Circulars issued between 2020 and 2025. It also adhered to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sarang Bhand, Managing Director, occupied the chair and presided over the proceedings from Mumbai, as Chairman Rakesh Mehra was unable to attend due to exigencies.

Meeting Proceedings and Quorum

The EGM commenced at 11:30 a.m. with 21 members present via VC, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. Physical attendance was dispensed with per MCA guidelines, and proxy appointments were not available. Independent Directors Rakesh Mehra and Amit Karia were absent. The Statutory Auditors, Secretarial Auditors, and Scrutinizer were present. The deemed venue of the meeting was the company’s registered office in Navi Mumbai, as per Secretarial Standard on General Meetings (SS-II).

Voting Mechanism and Results

Shareholders exercised their voting rights through remote e-voting and an ‘Insta-Poll’ facility during the meeting. Remote e-voting was open from July 30, 2026, at 9:00 a.m. IST until August 2, 2026, at 5:00 p.m. IST, for members holding shares as of the cut-off date, July 27, 2026. Those who voted remotely were ineligible to vote again during the live session. The ‘Insta-Poll’ facility remained open for 15 minutes after the meeting concluded at 12:05 p.m. No questions were raised by members during the question-and-answer session.

The single resolution on the agenda — approval of the issue of bonus equity shares by capitalisation of reserves — was passed with the requisite majority. Mr. Anish Gupta, Partner at VKMG & Associates LLP, served as the scrutinizer for the e-voting process. Technical support for any voting issues was provided through National Securities Depository Limited (NSDL).

What This Means for Shareholders

The approval of the bonus issue allows Organic Recycling Systems to capitalize its reserves, thereby increasing the number of shares held by existing investors proportionately. This action enhances liquidity and marketability of the shares while reflecting the company’s retained earnings strength. Shareholders will receive further intimation regarding the specific allotment details and timelines separately.