Whole-time Director ceases as shareholders do not approve his re-appointment at 61st AGM

Organic Coatings Ltd has informed the exchanges of a change in its board.

Fri 2 Oct 2026

A change in the board of directors

Organic Coatings Ltd has disclosed a change in its board of directors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What has been disclosed

• The ordinary resolution relating to the re-appointment of Mr. Ajay Rajnikant Shah (DIN: 00011763) as a Director liable to retire by rotation, and as Whole-time Director, was placed before the shareholders at the 61st Annual General Meeting of the company held on 29th September 2026.
• That resolution was not approved by the shareholders.
• Accordingly, Mr. Ajay Rajnikant Shah 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, and consequently has also ceased to hold office as the Whole-time Director with effect from the conclusion of that meeting.
• The cessation follows the voting result of the AGM submitted vide the Scrutiniser's report dated 01st October 2026.
• The company states the information was received on October 01, 2026 at 03:46 P.M., and the letter is dated 02nd October, 2026.

Why this is a board-level event

A Whole-time Director is an executive position on the board, part of the day-to-day running of the company, unlike an independent or non-executive director.

Here, the re-appointment proposal came from the company and was placed before shareholders as an ordinary resolution. Shareholders did not approve it, and that is why the directorship has come to an end.

The disclosure is signed by Parth Meenesh Patel, Whole-time Director (DIN: 06714101), for Organic Coatings Limited.

What shareholders may want to track

• The company's subsequent disclosures on the composition of its board and on the position of Whole-time Director.
• Voting outcomes disclosed for future shareholder resolutions, which show how shareholders are engaging with proposals put to them.

This is an update about a change in directorship. It is not a financial result, nor a fund-raising or order-related announcement.

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