Organic Recycling Systems Limited has entered into a Memorandum of Understanding (MoU) with the Advanced Materials business of Aditya Birla Chemicals (Thailand) Limited to explore composite waste recycling solutions. The collaboration aims to leverage specialized material expertise and waste processing capabilities to establish scalable recycling ecosystems.

The agreement, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was signed on October 7, 2026. The partnership focuses on developing pathways for material recovery and reuse from thermoset composites, which are traditionally difficult to recycle due to their permanently crosslinked resin matrix.

Strategic collaboration details

The MoU outlines a strategic and technical tie-up in the field of composite waste recycling. ORSL will integrate and optimize recycling processes for various waste materials, including conventional epoxy-based materials and Aditya Birla’s Recyclamine® epoxy system. Advanced Materials will contribute its expertise in materials and epoxy technologies, specifically utilizing Recyclamine® systems that enable the separation of raw materials during the recycling process.

Technology and market context

Composites, composed of reinforcing fiber and liquid epoxy resin, are widely used in wind energy, transportation, construction, aerospace, and industrial manufacturing due to their lightweight strength and durability. The partnership addresses the environmental challenge posed by conventional thermoset composites by introducing a closed-loop system. Aditya Birla Group's global reach and manufacturing expertise align with ORSL’s capabilities in waste valorisation and resource recovery.

Rajesh Balakrishnan, Chief Executive Officer of Advanced Materials at Aditya Birla Group, stated that the collaboration aims to turn composite waste into valuable resources. Dr. Manju Tanwar, Chief Scientist and Head of R&D at ORSL, emphasized the need for scalable and commercially viable solutions to close the loop on composites.

What the numbers show

The disclosure indicates a non-monetary strategic alliance, with the consideration paid or received listed as nil. This suggests the primary value proposition lies in intellectual property integration and technology development rather than immediate financial inflows. The focus on Recyclamine® technology highlights a dependency on proprietary chemical solutions to overcome the inherent recyclability barriers of thermoset composites.

Organic Recycling Systems Ltd shareholder Suhru C. Patel disposed of 900 equity shares via an open market sale on September 30, 2026. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Stakeholding Details

Prior to the disposal, Patel held 548,043 shares, representing 5.27% of the company's paid-up equity share capital. Following the sale of 900 shares, which constituted 0.01% of the total capital, his holding decreased to 547,143 shares, or 5.26%.

The acquirer is not part of the promoter or promoter group. The shares are listed on the BSE SME platform.

Regulatory Disclosure

The disclosure was filed with the company secretary and BSE Limited on October 1, 2026. The filing confirms that the change in holding was due to a sale of shares carrying voting rights. No warrants, convertible securities, or other instruments entitling the holder to voting rights were involved in this specific transaction.