Organic Recycling Systems will hold a board meeting on July 6, 2026, to consider a proposal for the issuance of bonus shares to its shareholders. The meeting will evaluate the proposal in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Board Meeting Details

The Board of Directors will review the bonus share proposal during the session scheduled for July 6, 2026. The initiative is subject to the applicable provisions of the Companies Act, 2013, including the rules and regulations framed thereunder, as well as relevant SEBI guidelines. The intimation regarding the meeting was submitted to BSE Limited under Regulation 29(1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table summarises the key details of the upcoming board meeting:

Post-Meeting Disclosure

Following the conclusion of the board meeting, the outcome will be communicated to the stock exchanges. Shareholders can expect an official announcement detailing the Board's decision after July 6, 2026.

Organic Recycling Systems has expanded its waste-to-value platform by initiating a pilot study for a 10 kg/h Downdraft Gasification System at its NABL-accredited research centre in Mahape, Navi Mumbai. The thermochemical technology aims to convert hard biomass feedstocks, such as agricultural shell waste, into clean syngas and high-grade biochar through controlled partial oxidation. This development addresses the gap in India's bioenergy sector regarding hard biomass agricultural residues, which have largely remained unutilised.

The pilot study is currently conducting trials on four specific feedstocks: tender coconut shells, brown coconut shells, cashew nut shells, and groundnut shells. The primary objective of this phase is to map and optimise key process parameters to maximise charcoal mass yield while ensuring high fixed-carbon content. The downdraft configuration was selected for its low tar formation, and the system features an autothermal design that sustains process heat without an external fuel source.

Technology and Process Parameters

The ORS Research and Innovation Centre (ORS-RIC) is evaluating the impact of critical operating parameters, including equivalence ratio, residence time, and extraction volume, on the gasification process. The pilot is currently in the parameter optimisation phase, and no yield or quality results have been reported yet. The project is part of ORSL's broader strategy to develop a robust process framework for future scale-up and commercial deployment.

Research Portfolio and Accreditation

The downdraft gasification pilot adds to ORS-RIC's expanding research portfolio, which includes 7+ innovations in development across biochar, advanced catalysts, carbon membranes, CO₂ utilisation, and microalgae-based treatment systems. The centre received NABL accreditation under ISO/IEC 17025:2017 in February 2026.

Management Commentary

Mr. Yashas Bhand, Whole Time Director, Organic Recycling Systems Limited, stated that hard biomass waste represents a significant unaddressed category of agricultural residue in India. He noted that downdraft gasification offers a pathway to convert these materials into high-grade biochar and clean syngas, with commercialisation contingent on promising results from the systematic parameter mapping.

Dr. Manju Tanwar, Head – Research & Development, ORS Research and Innovation Centre, added that the study systematically evaluates the thermochemical challenges posed by the density, structure, and composition of hard biomass feedstocks. She emphasised that the current objective is to generate reliable operating data and identify optimal conditions for future scale-up.

If the technology is commercialised, ORSL projects it could reduce fuel and electricity costs and provide a marketable solution for stakeholders facing issues with hard biomass waste disposal.