In terms of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are sending herewith the following ....
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Organic Coatings Ltd, a manufacturer of printing inks, reported Q1 FY26 revenue from operations of Rs 707.20 lakhs, a sharp ~46% decline from Rs 1,306.18 lakhs in Q1 FY25. Total expenses of Rs 794.64 lakhs exceeded revenue, pushing the company into a net loss of Rs 85.35 lakhs versus a profit of Rs 25.51 lakhs in the year-ago quarter. EPS turned negative at Rs (0.86). The balance sheet shows other equity at a negative Rs 855.15 lakhs, reflecting accumulated losses from prior periods including FY25's loss of Rs 210.23 lakhs. The auditor's limited review report is clean with no qualifications. The board also approved the reappointment of Mr. Abhay R. Shah (related to CFO Mr. Ajay R. Shah) and the appointment of Mr. Kuppamuthu Sundaramurthy as Wholetime Director & COO for five years. The 60th AGM is scheduled for September 30, 2025.
Steep revenue contraction and a return to losses, combined with persistently negative reserves, signal continued operational stress. Shareholders should monitor upcoming quarters closely for signs of demand recovery and cost rationalisation.