Organic Recycling Systems Limited announced its audited standalone and consolidated financial results for FY26, following a Board of Directors meeting held on April 24, 2026. The cleantech company reported exceptional growth across all key financial metrics, with statutory auditors M/s. Jayesh Sanghrajka & Co. LLP issuing an unmodified opinion on the results.

Outstanding Financial Performance

The company delivered remarkable consolidated financial performance for FY26. Revenue from operations surged 117.14% to INR 1,050.75 Mn compared to INR 483.91 Mn in FY25. Total income increased to INR 1,056.79 Mn from INR 487.32 Mn in the previous year. Profit after tax grew substantially by 60.56% to INR 250.81 Mn, up from INR 156.21 Mn in FY25.

Strong Half-Yearly Performance

The second half of FY26 demonstrated accelerated growth momentum. H2FY26 revenue from operations increased 141.73% to INR 744.96 Mn compared to INR 308.18 Mn in H2FY25. EBITDA grew 33.33% to INR 155.77 Mn, while PAT increased 45.96% to INR 129.82 Mn during the same period.

Strategic Business Expansion

The Board approved significant expansion into Build-Own-Operate (BOO) projects in Agro Valorisation, focusing on Compressed Biogas (CBG) production and circular agri-resource management. The company plans five projects with an aggregate investment of INR 1,000.00 crore, with estimated capital expenditure of approximately INR 200.00 crore per project. The company proposes to commit approximately INR 500.00 crore to be deployed in phases over the project development cycle.

Key Appointments and Developments

The Board appointed Mr. Rahul Shetye as Head-Human Resources effective May 4, 2026. Mr. Shetye brings 21 years of extensive HR-Business Partner experience across various industries including Telecom, IT, Retail, BPO/KPO, Shipping & Logistics, Manufacturing, and Service sectors.

Research and Innovation Milestones

The company achieved several significant R&D milestones during FY26. ORS Research & Innovation Centre (ORS-RIC) received NABL accreditation under ISO/IEC 17025:2017, enabling testing, validation services, and third-party R&D certification. The company was awarded a DBT-BIRAC grant to develop India's first BIO-CCU platform for CO2 valorisation into fuels and chemicals.

Management Outlook

Managing Director Mr. Sarang Bhand expressed satisfaction with the strong financial and operational performance, highlighting improved execution and scale-up across projects. The company achieved its guided PAT of INR 25.00 crore for FY26 and provided guidance for approximately 30% year-on-year revenue growth for FY27, supported by a strong execution pipeline and continued business momentum.

The company's consolidated assets as of March 31, 2026, totaled INR 2,103.48 Mn compared to INR 1,833.54 Mn in the previous year, reflecting the robust growth trajectory and strategic investments in expanding operations.

Organic recycling systems Limited has received a substantial acquisition disclosure from investor Suhrud Chimanbhai Patel under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a reduction in Patel's shareholding through an open market sale transaction.

Transaction Details

The disclosure shows that Patel sold 7,200 equity shares of the company through open market transactions. This sale represents 0.08% of the company's total paid-up equity share capital.

Shareholding Changes

Prior to this transaction, Patel held 555,243 shares carrying voting rights, representing 6.41% of the company's total share capital. Following the sale of 7,200 shares, his holding has been reduced to 548,043 shares, which now represents 6.32% of the total voting capital.

Company Information

Organic Recycling Systems Limited's shares are listed on BSE Limited under the SME segment with the scrip symbol ORGANICREC (543997). The company's equity share capital consists of shares with a face value of Rs. 10 each.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Patel does not belong to the promoter or promoter group of the company. The disclosure confirms that there are no encumbrances, warrants, or convertible securities involved in this transaction.

The filing indicates that the acquirer held no shares in the nature of encumbrance and possessed no voting rights other than through equity shares. Similarly, no warrants or convertible securities that could entitle the holder to receive shares carrying voting rights were involved in this transaction.