Annual Report for the financial year 2024-25 including Notice of Annual General Meeting
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Organic Recycling Systems Ltd has submitted its Annual Report for FY 2024-25 to BSE along with the Notice of its 17th AGM, scheduled for Thursday, September 11, 2025 at 11:30 a.m. via Video Conference. For FY25, consolidated revenue grew ~59% to ₹4,377 lakhs and PAT nearly doubled to ₹1,572 lakhs, while standalone revenue rose ~39% to ₹2,523 lakhs with PAT at ₹342 lakhs; the company remains net cash positive with a debt-equity ratio of 0.3x. Eight resolutions are on the AGM agenda, including adoption of financial statements, appointment of M/s Vora & Associates as the new statutory auditor (replacing the resigned M/s Jayesh Sanghrajka & Co. LLP), re-appointment of Managing Director Sarang Bhand and Whole-time Director Yashas Bhand, and re-appointment of Independent Directors Rakesh Mehra and Amit Karia. The Board has not recommended any dividend for FY25, choosing instead to conserve resources for business expansion. The cut-off date for determining members eligible to vote is September 4, 2025.
This is a routine annual filing with healthy growth numbers — strong revenue and PAT growth along with a clean balance sheet are positives for shareholders. The absence of a dividend and the focus on expansion suggest reinvestment over income returns, while the change of statutory auditor is procedural and not a red flag.