Organic Recycling Systems has scheduled a Board of Directors meeting for September 2, 2026, to consider raising funds through preferential allotment or private placement.

The company intends to issue shares and/or convertible securities in one or more tranches. The proposal includes determining the issue price in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Agenda Details

The board will also consider convening an Annual General Meeting (AGM) to obtain shareholder approval for the issuance. The fund-raising plan is subject to receipt of other regulatory and statutory approvals.

The intimation was filed under Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sarang Bhand, Managing Director, signed the disclosure.

Organic Recycling Systems has approved the allotment of 51,99,630 fully paid-up bonus equity shares in a ratio of 1:2. The Board’s Bonus Allotment Committee finalized the decision on August 21, 2026, with a record date of August 20, 2026.

The company issued this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment applies to shareholders registered in the Register of Members or Register of Beneficial Owners as on the record date.

Capital Structure Impact

Consequent to the bonus issue, the paid-up equity share capital increases from ₹10,39,92,750 to ₹15,59,89,050. The total number of equity shares rises from 1,03,99,275 to 1,55,98,905, with each share carrying a face value of ₹10.

Allotment Mechanics

Fractional shares arising from the calculation have been ignored, and no allotment has been made for such portions. The new bonus shares rank pari-passu in all respects with existing equity shares, carrying identical rights.

For members holding physical shares, the bonus equity shares will be transferred to a Suspense Escrow Demat Account within statutory time limits. No letter of allotment will be issued to these allottees, and voting rights for shares held in the Suspense Escrow Demat Account remain frozen until dematerialization.