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.

Organic recycling systems Limited has announced a strategic partnership with the Immersive Technology and Entrepreneurship Labs Foundation (ITEL), Chennai, marking a significant step in advancing research and commercialisation efforts in bio-energy and decarbonisation technologies. The Memorandum of Understanding was signed on March 20, 2026, establishing a collaborative framework for joint research, innovation, and capacity-building initiatives.

Strategic Collaboration Framework

The MoU establishes a comprehensive partnership structure designed to drive innovation across multiple domains. The collaboration encompasses joint R&D programs in bioenergy, waste management, and green chemicals, while also focusing on developing scalable and commercially viable solutions in environmental sustainability.

Research & Innovation Centre Enhancement

This partnership significantly strengthens ORSL's Research & Innovation Centre (RIC) in Navi Mumbai, which is emerging as a national platform for validation and commercialisation of decarbonisation technologies. The company has been a recipient of Biotechnology Industry Research Assistance Council (BIRAC) support, reinforcing its capability to develop cutting-edge solutions.

The collaboration will focus on advancing technologies in several key areas:

• Bioenergy and compressed biogas (CBG)
• Carbon capture and utilisation (CCU)
• Green chemicals and circular economy solutions

Expanding Academic and Industry Partnerships

The ITEL Foundation partnership forms part of ORSL's broader strategy to build a robust innovation ecosystem. The company has established multiple collaborations with leading institutions and industry stakeholders to accelerate technology development and deployment.

These partnerships position ORSL as a bridge between academia, innovation, and industry deployment, enabling faster scale-up of climate technologies and creating a comprehensive ecosystem for sustainable technology development.

Strategic Business Transformation

The partnership marks a significant milestone in ORSL's evolution from a traditional waste management company to a fully integrated cleantech and green chemicals organisation. The company is actively transitioning its R&D outcomes from lab-scale innovation to full-scale commercial deployment, creating a strong pipeline of next-generation clean technologies.

ORSL operates through four strategic business verticals: Project Development & Technology Licensing for turnkey waste valorisation solutions, Product Vertical offering bio-based products including CBG and organic manure, Consulting Vertical providing environmental strategy and regulatory compliance services, and O&M vertical delivering operation and maintenance services for CBG and waste processing facilities. This diversified approach supports the company's long-term growth and revenue diversification strategy while contributing to India's decarbonisation and circular economy objectives.