Organic Recycling Systems Limited submitted the detailed voting results and Scrutinizer’s Report for its 18th Annual General Meeting (AGM) held on September 30, 2026. The filing confirms that all three resolutions proposed at the meeting were passed with the requisite majority through electronic voting.

The submission complies with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The Consolidated Scrutinizer’s Report was prepared by Mr. Anish Gupta of VKMG & Associates LLP, who verified the remote e-voting process conducted via NSDL’s platform.

Voting outcomes and participation

The AGM saw participation from 19 shareholders present or represented by proxy, comprising one promoter and 18 public shareholders. Voting was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), with remote e-voting available from September 26 to September 29, 2026.

All three resolutions received 100% votes in favor with zero votes against. The total valid votes cast across all categories amounted to 25,77,073, representing approximately 16.52% of the total outstanding shares.

Key approvals detailed

The Ordinary Resolutions approved the adoption of audited standalone and consolidated financial statements for FY26 and the appointment of Mrs. Janaki Sarang Bhand as a Director liable to retire by rotation. This appointment was made pursuant to a Corrigendum issued on September 24, 2026, which substituted the original agenda item.

The Special Resolution authorized a preferential issue of up to 10,00,000 equity shares at an issue price of ₹161 per share to promoter Sarang Bhand. The aggregate consideration for this allotment is up to ₹16.10 crore. The issue price includes a premium of ₹151 per share on a face value of ₹10.

Strategic focus and management address

Managing Director Sarang Bhand addressed members, emphasizing the company’s transition toward an integrated CleanTech, bioenergy, and decarbonisation platform. He highlighted the development of the Build-Own-Operate (BOO) business model and the expansion of the compressed biogas (CBG) project pipeline.

Key priorities for FY27 include:

• Maintaining financial discipline
• Pursuing strategic collaborations and partnerships
• Commercialising R&D initiatives
• Selective development of BOO assets

Meeting logistics

The meeting commenced at 11:30 am and concluded at 12:11 pm. Chairman Rakesh Mehra and Independent Director Amit Karia were unable to attend, with Managing Director Sarang Bhand chairing the session. Key managerial personnel present included Non-Executive Director Janaki Bhand and Chief Financial Officer Jigar Gudka.

Organic Recycling Systems Limited approved the immediate cessation of Mr. Yashas Bhand, Whole-time Director and Chief Executive Officer, on September 24, 2026. This decision follows his disappearance during a pilgrimage to the Kailash Mansarovar region in Nepal, where he was affected by natural calamities and floods.

The Board of Directors cited the lack of updates regarding Mr. Bhand’s whereabouts from concerned authorities as the primary reason for the action. Efforts by his family and coordination with the Ministry of External Affairs, Indian authorities in Nepal and China, and local officials have not yet yielded information about his status.

Board Appointments and AGM Changes

In conjunction with the cessation, the Board appointed Mrs. Janaki Sarang Bhand as a Director liable to retire by rotation. Consequently, the company issued a corrigendum to the notice for its 18th Annual General Meeting (AGM), scheduled for September 30, 2026.

The original Item No. 2 of the AGM notice, which proposed Mr. Yashas Bhand’s appointment, has been withdrawn. It is replaced by a new resolution to appoint Mrs. Janaki Sarang Bhand. All other terms of the AGM notice dated September 2, 2026, remain unchanged.

Key Personnel Details

The following table outlines the key changes and details regarding the newly appointed director:

Mrs. Bhand is a practicing psychologist with qualifications including an MA in Clinical Psychology from MSU Baroda and a PG Diploma in Guidance and Counselling from Fergusson College, Pune. She previously worked as a counselor at the Inclusive Education Cell at Podar Education Network and as a consultant corporate psychologist at eClerx India.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrigendum was sent electronically to shareholders whose email addresses are registered with the company or its depositories. The document is also available on the company website and the Bombay Stock Exchange portal.

The Managing Director, Mr. Sarang Bhand, signed the order of the Board. The Company Secretary and Compliance Officer, Mr. Manoj Kumar, authorized the disclosure for determining materiality and making requisite disclosures to stock exchanges.