Organic Recycling Systems Ltd

Organic Recycling Systems Ltd has announced that its Board of Directors will convene on July 6, 2026. The primary agenda item for this meeting is to consider and approve a proposal for the issuance of bonus shares. This decision will be made in compliance with the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will inform the stock exchanges of the outcome following the board meeting.

Organic Recycling Systems Limited (ORSL) has initiated a pilot study for a 10 kg/h Downdraft Gasification System at its NABL-accredited R&D center. This thermochemical technology aims to convert hard biomass agricultural residues, such as coconut and cashew nut shells, into clean syngas and high-grade biochar. The downdraft configuration is chosen for its low tar formation and autothermal design. ORSL is currently optimizing process parameters for four different shell types, focusing on maximizing charcoal yield and quality. If successful, ORSL plans to commercialize the technology, potentially reducing fuel costs and offering a solution for hard biomass waste management. This pilot expands ORS-RIC's research portfolio, which includes innovations in biochar, catalysts, and carbon utilization.

Organic Recycling Systems Ltd. has redeemed 2,911 unlisted 0% Non-cumulative Redeemable Preference Shares at ₹12,500 per share, totaling ₹3,63,87,500, and 8,738 shares at ₹13,175 per share, totaling ₹11,51,23,150. The redemptions were funded by proceeds from a fresh issue of equity shares allotted through warrant conversions, based on a valuation report from a Registered Valuer.

Organic Recycling Systems Ltd has allotted 7,40,000 equity shares of face value ₹10 each, upon conversion of an equal number of warrants, to 8 warrant holders. This follows the allotment of 27,00,000 warrants on a preferential basis on December 26, 2024. The allotment was made upon receipt of ₹15,15,15,000 at ₹204.75 per warrant, representing 75% of the warrant issue price. Post-allotment, the paid-up equity share capital of the company stands increased to ₹10,39,92,750 consisting of 1,03,99,275 equity shares of ₹10 each.

Organic Recycling Systems Ltd has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the redemption of 0% Non-cumulative Redeemable Preference Shares of ₹10 each. The redemption will occur in one or more tranches, according to the terms of issuance and redemption. The meeting will also address any other business with the chair's permission.

Bhavi Shah acquired a 10.35% stake in Organic Recycling Systems Limited through the conversion of warrants into equity shares. This acquisition resulted in Bhavi Shah holding 10,00,000 shares, representing 10.35% of the total share/voting capital. The acquisition was completed on March 15, 2026, following the conversion of warrants into equity shares with a face value of ₹10 each. The equity share capital of the company increased from ₹8,65,92,750 to ₹9,65,92,750 after the acquisition.

Organic Recycling Systems Ltd. has redeemed 16,380 unlisted Class-2, 0% Non-cumulative Redeemable Preference Shares of ₹10 each at a price of ₹12,500 per share, aggregating to ₹20,47,50,000. The redemption was executed by the Redemption Committee of the Board of Directors on April 29, 2024, and funded from the proceeds of fresh equity shares allotted pursuant to conversion of warrants, as per the terms of issuance, redemption and valuation report.

Organic Recycling Systems Ltd has allotted 10,00,000 equity shares upon the exercise of warrants, each convertible into one equity share with a face value of ₹10. The allotment was made to one warrant holder, Bhavi Shah, following the receipt of ₹20,47,50,000 at ₹204.75 per warrant. Post-allotment, the paid-up equity share capital of the company has increased to ₹9,65,92,750, consisting of 96,59,275 equity shares of ₹10 each.

Organic Recycling Systems Ltd (ORSL) has partnered with General Carbon Advisory Services to enhance its sustainability service offerings, focusing on Carbon Border Adjustment Mechanism (CBAM) advisory and compliance. This collaboration will leverage ORSL's market presence and General Carbon Advisory Services' technical expertise to support industries in CBAM preparedness, carbon reporting, and emissions data management. The initiative aims to help Indian manufacturers, particularly in sectors like steel and chemicals, navigate global carbon regulations and build long-term competitiveness.

Organic Recycling Systems Ltd (ORSL) announced its financial results for the half year and year ended March 31, 2026. Key financial highlights include a revenue from operations of ₹1,050.75 Mn for FY26, a 117.14% increase compared to FY25. The company's PAT increased by 60.56% and EBITDA increased by 44.81%. ORSL is an integrated CleanTech and decarbonisation platform transforming organic and municipal solid waste into biofuel and value-added products.