Organic Recycling Systems ceases CEO Yashas Bhand after Nepal incident
- Organic Recycling Systems Ltd ceased CEO Yashas Bhand's role on September 24, 2026
- Cessation follows his disappearance during a pilgrimage in Nepal affected by floods
- Board appointed Mrs. Janaki Sarang Bhand as Director liable to retire by rotation
- AGM notice corrigendum issued withdrawing item on Yashas Bhand's appointment
*this image is generated using AI for illustrative purposes only.
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 Yashas Bhand’s appointment, has been withdrawn.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:
| Detail | Information |
|---|---|
| Name | Mrs. Janaki Sarang Bhand |
| Designation | Director (liable to retire by rotation) |
| Date of Birth | December 6, 1985 |
| Qualification | BA Psychology, MA Clinical Psychology |
| Experience | Practicing psychologist for over 10 years |
| Remuneration Sought | Sitting fees of ₹10,000 per Board meeting |
| Shareholding | Nil |
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.
Historical Stock Returns for Organic Recycling Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.10% | +18.37% | +37.12% | +40.10% | +12.78% | +34.88% |
How will the absence of a CEO impact Organic Recycling Systems' ongoing operational decisions and strategic execution in the short term?
Will the appointment of a non-executive director with no prior corporate leadership experience affect investor confidence and the company's governance rating?
What interim management structure will be implemented to ensure business continuity until a permanent CEO is appointed?
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