Organic Coatings Ltd Bolsters Board with Two New Additional Directors

Organic Coatings Ltd , a manufacturer of printing inks and allied products, has announced significant changes to its board composition. The company's Board of Directors has approved the appointment of two new Additional Directors, effective October 13, 2025, following recommendations from the Nomination & Remuneration Committee.

New Appointments

The newly appointed Additional Directors are:

Mr. Nikhil D. Sadarangani (DIN: 11284679)
Mr. Parth M. Patel (DIN: 06714101)

Directors' Profiles

Director	Educational Background	Other Directorships
Mr. Nikhil D. Sadarangani	- Master of Science in International Business - Master of Science in Disruptive Innovation	None
Mr. Parth M. Patel	- MBA from Babson College - B.S. from Drexel University	None

Both Mr. Sadarangani and Mr. Patel bring fresh perspectives to the board, with their diverse educational backgrounds spanning international business, disruptive innovation, and management.

Independence and Relationships

The company has confirmed that neither of the new directors is related to any existing Director or Key Managerial Personnel of Organic Coatings Ltd. This appointment of independent members to the board aligns with good corporate governance practices, potentially bringing new insights and expertise to the company's leadership.

Regulatory Compliance

The appointments have been made in accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. This ensures that the company remains compliant with regulatory requirements for listed entities.

The board meeting where these appointments were approved commenced at 3:38 p.m. and concluded at 3:45 p.m. on October 13, 2025.

These strategic additions to the board may signal Organic Coatings Ltd's commitment to enhancing its corporate strategy and governance structure. As the company continues to operate in the competitive printing inks and allied products sector, the diverse expertise of its new directors could play a crucial role in shaping its future direction and performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.80%	-4.04%	-14.91%	+41.53%	-12.59%	+490.94%

Organic Coatings , a manufacturer of printing inks and allied products, has announced its financial results for the first quarter of fiscal year 2026, revealing a significant decline in revenue and a shift to net loss.

Financial Performance

The company reported a sharp decline in revenue for Q1 FY2026:

Particulars (in Rs. Crore)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	7.07	13.06	-45.9%
Net Profit/(Loss)	(0.85)	0.26	N/A
EPS (in Rs.)	(0.86)	0.33	N/A

Organic Coatings experienced a significant 45.9% year-over-year decrease in revenue from operations, which fell to Rs 7.07 crore in Q1 FY2026 from Rs 13.06 crore in the same quarter of the previous year.

The company's bottom line also deteriorated, with a net loss of Rs 0.85 crore reported for Q1 FY2026, compared to a profit of Rs 0.26 crore in Q1 FY2025. Consequently, the earnings per share (EPS) declined to Rs (0.86) from Rs 0.33 in the corresponding quarter of the previous year.

Operational Highlights

The unaudited financial results, approved by the Board of Directors on August 11, 2025, revealed several key points:

Total income for Q1 FY2026 stood at Rs 7.09 crore, including Rs 0.02 crore from other income.
The cost of materials consumed was Rs 5.81 crore, while employee benefits expense was Rs 0.35 crore.
Finance costs remained stable at Rs 0.20 crore compared to the previous quarter.
Other expenses amounted to Rs 1.66 crore for the quarter.

Board Decisions and Corporate Updates

In addition to the financial results, the company announced several corporate decisions:

Reappointment of Director: Mr. Abhay R. Shah (DIN: 00016497) has been reappointed as a Director retiring by rotation. Mr. Shah has over 21 years of experience in Marketing and Production Planning.
New Appointment: Mr. Kuppamuthu Sundaramurthy (DIN: 07282015) has been appointed as an Additional Director and Wholetime Director & COO for a period of 5 years, effective August 11, 2025. His appointment and remuneration are subject to shareholder approval at the upcoming Annual General Meeting.
Annual General Meeting: The 60th Annual General Meeting of the company is scheduled for September 30, 2025, to be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Book Closure: The register of members and share transfer books will be closed from September 20, 2025, to September 30, 2025 (both days inclusive) for the purpose of the Annual General Meeting.

The company's management will likely face questions from shareholders regarding the significant decline in revenue and the shift to net loss during the upcoming AGM. Investors and analysts will be watching closely to see how Organic Coatings plans to address these challenges and improve its financial performance in the coming quarters.