Corporate News
Organic Recycling Systems Ltd. approved its migration from the SME platform of the BSE Limited to the Main Board, and listing on the National Stock Exchange of India Limited, subject to shareholder and regulatory approvals. The company also approved an employee stock option scheme for eligible employees and subsidiaries, authorizing the grant of up to 10,00,000 equity shares. Additionally, the board approved a strategic investment in Shreyam Manek Agro Private Limited via the subscription of Compulsorily Convertible Debentures (CCDs) up to Rs 26,49,06,100, enhanced a corporate guarantee to HDFC Bank Limited from Rs 5.00 crore to Rs 8.00 crore for Industrial Associates, a partnership firm in which it holds a 99.9% interest, and appointed Mr. Bipin Velji Bid as Chief Financial Officer and Key Managerial Personnel, effective December 1, 2026, following the resignation of Mr. Jigar Gudka.