Organic Recycling Systems has fixed August 20, 2026, as the record date for its long-awaited bonus share issue, finalizing the mechanics of the capitalisation of reserves approved by shareholders earlier this month. The company will allot up to 51,99,637 fully paid-up bonus equity shares of ₹10 each in a 1:2 ratio, meaning one new share for every two existing shares held. This development concludes the procedural phase following the unanimous approval at the Extra-ordinary General Meeting (EGM) on August 3, 2026, and sets clear timelines for shareholder entitlements and market listing.

The Bonus Allotment Committee determined the schedule in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders holding equity shares as of the close of business on August 20, 2026, will be eligible to receive the bonus shares. The deemed date of allotment is set for Friday, August 21, 2026 (T+1 Day). Organic Recycling Systems undertakes to submit requisite documents to the depositories by 12:00 p.m. on that day. Consequently, the newly allotted shares will be available for trading on Monday, August 24, 2026 (T+2 Day), adhering to SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024.

Allotment Details and Timeline

The bonus issue represents a significant capitalization event, increasing the company’s share capital without requiring additional cash outlay from investors. The move enhances the liquidity and marketability of the stock while reflecting the strength of the company’s retained earnings. Sarang Bhand, Managing Director, confirmed the timeline via intimation to BSE Limited on August 5, 2026, following the receipt of in-principle approval under Regulation 28(1) of SEBI LODR Regulations from the exchange on August 4, 2026.

Background: Unanimous Shareholder Support

The path to this announcement was cleared during the EGM held on August 3, 2026, where the resolution passed with 100% support from polled votes. The meeting was conducted via Video Conferencing/OAVM in compliance with the Companies Act, 2013, and MCA circulars. Sarang Bhand presided over the meeting in Mumbai, as Chairman Rakesh Mehra was absent. A quorum of 21 members was present, with voting facilitated through remote e-voting and an ‘Insta-Poll’ facility. The promoter group, holding 1,567,006 shares, voted entirely in favour, alongside public non-institutional investors.

What This Means for Investors

Investors must ensure their holdings are registered in their demat accounts by the close of business on August 20, 2026, to qualify for the bonus shares. No action is required from shareholders other than maintaining their existing positions. The increase in share count will proportionally dilute the face value per share but maintain the total market value of individual holdings, assuming no change in market price. The seamless transition to trading on August 24 underscores the company’s adherence to regulatory timelines and operational efficiency.

Organic Recycling Systems Limited has appointed Manoj Kumar as its new Company Secretary and Compliance Officer, effective September 01, 2026. The Board of Directors approved the appointment on August 5, 2026, following a recommendation from the Nomination and Remuneration Committee. This leadership change replaces Ms. Seema Gawas, who resigned from her position on August 5, 2026, to pursue better career opportunities outside the organization.

The appointment was formalized during a Board meeting held on August 5, 2026, which commenced at 9.30 a.m. and concluded at 9.45 a.m. The Board considered and approved two key items: the acceptance of Ms. Seema Gawas’s resignation and the subsequent appointment of Mr. Manoj Kumar. The company disclosed these developments to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Manoj Kumar brings over 10 years of professional experience in corporate governance and regulatory affairs. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) with Membership No. A56992. He holds a Bachelor of Commerce (B.Com.) degree and possesses expertise in corporate laws, secretarial compliance, and regulatory matters. His profile indicates extensive experience serving as a Company Secretary prior to joining Organic Recycling Systems Limited.

Ms. Seema Gawas, who held Membership No. A48682, served as the Company’s Company Secretary and Compliance Officer until the closure of business hours on August 5, 2026. Her resignation letter, dated April 30, 2026, cited personal career prospects as the reason for her departure. She requested the Board to file the requisite forms with the Registrar of Companies and intimate the stock exchange regarding the effectuation of her resignation. The resignation was received and accepted by Rahul R Shinde on August 5, 2026.

Key Personnel Details

The transition ensures continuity in the company’s compliance functions, with Mr. Kumar assuming responsibilities immediately after the handover period. The Board’s decision reflects a structured approach to governance, ensuring that the critical role of Company Secretary remains filled without disruption to regulatory reporting obligations.