Cessation of Whole-time Director as shareholders do not approve re-appointment at 61st AGM

Mr. Ajay Rajnikant Shah (DIN: 00011763), Whole-time Director, has ceased to hold office as Director of Organic Coatings Ltd from the conclusion of the 61st AGM on 29 September 2026.

Fri 2 Oct 2026

DIN

00011763

Person ceased to hold office

Mr. Ajay Rajnikant Shah, Whole-time Director

Date of cessation

conclusion of the 61st AGM on 29 September 2026

Resolution outcome

ordinary resolution for his re-appointment as a director liable to retire by rotation was not approved

Scrutiniser's report date

01 October 2026

What the update says

Organic Coatings Ltd has informed the exchanges that Mr. Ajay Rajnikant Shah (DIN: 00011763) has ceased to hold office as a Director of the Company with effect from the conclusion of the 61st Annual General Meeting held on 29 September 2026. He has also ceased to hold office as the Whole-time Director of the Company with effect from the conclusion of the same meeting.

The reason recorded in the update

the ordinary resolution relating to his re-appointment as a Director liable to retire by rotation was placed before the shareholders at the 61st AGM and was not approved by them.

The company states that the cessation is based on the voting result of the AGM submitted vide the Scrutiniser's report dated 01 October 2026, and that the information was received on October 01, 2026 at 03:46 P.M.

Sequence of events

• 29 September 2026: 61st Annual General Meeting held; the resolution for re-appointment not approved by shareholders.
• Conclusion of the AGM: Mr. Shah ceases to be a Director and the Whole-time Director.
• 01 October 2026: Scrutiniser's report date; information received at 03:46 P.M.
• 02 October 2026: disclosure shared by the company.

What this means in simple terms

• A director liable to retire by rotation is one who steps down periodically and is re-appointed by shareholders through a vote. Here, the update records that the shareholders did not approve that re-appointment, so his term ends with the AGM.
• A Whole-time Director is part of the executive management of the company, not just the board. The update records that this office too has ceased, with effect from the conclusion of the AGM.
• The change is a board and management-level change, communicated under the change in management category.

Points a retail investor may note

• The update names Mr. Ajay Rajnikant Shah (DIN: 00011763) as the person whose office has ceased, and records the date of cessation as the conclusion of the AGM held on 29 September 2026.
• The disclosure was signed by Parth Meenesh Patel, Whole-time Director (DIN: 06714101), for Organic Coatings Limited.
• Changes to the board and to key managerial personnel are typically communicated to the exchanges through separate updates.

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