CLOSURE OF REGISTER OF MEMBERS & SHARE TRANSFER BOOKS FOR ANNUAL GENERAL MEETING
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Organic Coatings Ltd (manufacturer of printing inks) announced its Q1 FY26 unaudited results for the quarter ended June 30, 2025, showing a sharp revenue decline of about 46% year-on-year to Rs 707.20 lakhs (from Rs 1,306.18 lakhs in Q1 FY25). The company swung from a profit of Rs 25.51 lakhs in Q1 FY25 to a net loss of Rs 85.35 lakhs, with loss per share of Rs 0.86. The Board approved the appointment of Mr. Kuppamuthu Sundaramurthy as Additional Director and Wholetime Director & COO for 5 years (subject to shareholder approval), and reappointment of Mr. Abhay R. Shah via rotation. The 60th AGM is set for September 30, 2025 via video conferencing, and the register of members and share transfer books will be closed from September 20 to September 30, 2025.
Sharp revenue fall and a return to losses, combined with negative other equity of Rs 855.15 lakhs as of March 2025, point to ongoing financial weakness that may weigh on the stock. The new COO appointment could support an operational turnaround, but near-term performance remains a concern for shareholders.