Organic Coatings Board Approves Director Appointments & Capital Increase

Organic Coatings Limited announced outcomes from its board meeting held on August 29, 2026. Key decisions include recommending the appointment of Mr. Subhash Ambubhai Patel and Mr. Ganesh Ramanathan as independent directors for five-year terms. The board also approved remuneration for Managing Director Mr. Abhay Rajnikant Shah and Whole-Time Director Mr. Ajay Rajnikant Shah for the fiscal year ending March 31, 2027. Further approvals were given for the appointment of Mr. Parth Patel and Mr. Nikhil Sadarangani as Whole-Time Directors, along with remuneration for Mr. Sundaramurthy Kuppamuthu. A significant resolution was the approval to increase the company's authorized share capital from ₹10 crore to ₹15 crore, subject to member approval. The board also approved convening the 61st Annual General Meeting on September 29, 2026, and the draft Board's Report for the financial year ended March 31, 2026.