ORGANIC COATINGS LTD.

Manufactures printing inks and allied products, with a manufacturing plant in Vadodara, Gujarat and a registered office in Mumbai. The board has approved shifting the registered office from Maharashtra to Gujarat, subject to shareholder approval. FY26 revenue was Rs 2,809.33 lakh, down from Rs 2,895.79 lakh the prior year, with a net loss of Rs 325.88 lakh that widened from Rs 210.23 lakh. Raw materials dominate the cost base at 73.9% of revenue, followed by other operating expenses at 27.7% and employee costs at 6.3%. Depreciation stands at 3.2% of revenue and capital expenditure at 4.5%. Equity has been largely eroded - total equity is just Rs 2.27 lakh with other equity at negative Rs 995.19 lakh - and the firm took a working capital loan of Rs 33.60 lakh from Bank of Maharashtra.