Organic Recycling Systems has scheduled an Extra-Ordinary General Meeting (EGM) on August 3, 2026, to seek shareholder approval for a bonus issue at a ratio of 1:2. The meeting will be held through Video Conference at 11.30 a.m. (IST). The corporate action aims to capitalize reserves to reward shareholders and enhance liquidity, subject to regulatory approvals.

Bonus Issue Details

The Board of Directors approved the issuance of 51,99,637 new fully paid-up equity shares of ₹10 each. The allotment will be funded from the securities premium account and the capital redemption reserve account. The total amount capitalized will not exceed ₹5,19,96,370. The following table summarizes the key parameters of the issue:

Capital Structure Impact

The bonus issue will alter the company's paid-up equity share capital. Pre-bonus capital stands at ₹10,39,92,750, comprising 1,03,99,275 shares of ₹10 each. Post-issue, the capital will increase to ₹15,59,89,120, consisting of 1,55,98,912 shares of ₹10 each. The actual number of shares issued will be determined based on the paid-up equity share capital as on the record date.

EGM and Voting Details

The company has fixed July 27, 2026, as the cut-off date to determine member eligibility for voting and attending the EGM. Remote e-voting will be available from 9.00 a.m. on July 30, 2026, until 5.00 p.m. on August 2, 2026. Members can also vote during the meeting via the e-voting system. The scrutinizer for the process is Mr. Anish Gupta or Mr. Manish Rajnarayan Gupta of M/s. VKMG & Associates LLP. The bonus shares are expected to be credited within two months from the date of the Board meeting, pending approval.

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.