OROrganic Recycling Systems543997CEO role change

Cessation of Whole-time Director & CEO; Janaki Bhand proposed as Director in AGM notice corrigendum

Board approved cessation of Mr. Yashas Bhand (DIN: 07118419) as Whole-time Director & CEO with immediate effect from September 24, 2026.

By ScoutQuest · Thu 24 Sep 2026, 5:50 PM IST · 2 min read

CEO Cessation

Mr. Yashas Bhand (DIN: 07118419) ceased as Whole-time Director & CEO with immediate effect from September 24, 2026

New Director Appointment

Mrs. Janaki Sarang Bhand (DIN: 07118415) appointed as Director liable to retire by rotation

AGM Date

18th AGM scheduled for September 30, 2026 at 11:30 A.M. via Video Conferencing

Reason for Cessation

Mr. Yashas Bhand affected by natural calamity/flood in Nepal; efforts underway to locate him

New Director Qualifications

Practicing psychologist with 10+ years experience; MA Clinical Psychology; age 41 years

What happened

At its meeting on September 24, 2026, the Board of Organic Recycling Systems Limited approved the cessation of Mr. Yashas Bhand (DIN: 07118419) as Whole-time Director and Chief Executive Officer with immediate effect, and the appointment of Mrs. Janaki Sarang Bhand (DIN: 07118415) as a Director liable to retire by rotation.

Why the AGM notice changed

The original notice dated September 2, 2026 for the 18th Annual General Meeting had proposed, under Item No. 2, the appointment of Mr. Yashas Bhand as a Director liable to retire by rotation. The company states it was apprised of an unfortunate and unforeseen development: he had travelled to Nepal for a pilgrimage to the Kailash Mansarovar region and was affected by the natural calamity/flood situation there. Efforts are being made by his family with the Ministry of External Affairs, Indian authorities in Nepal and China, and local authorities to locate him. The company states it has not received any further update on his whereabouts or status.

Accordingly, Item No. 2 stands withdrawn and is substituted with an ordinary resolution to appoint Mrs. Janaki Sarang Bhand as a Director under Section 152 of the Companies Act, 2013. The Nomination and Remuneration Committee and the Board recommend her re-appointment.

About the incoming Director

• First appointed to the Board on 1st September, 2022; age 41 Years
• Practicing psychologist for more than 10 years; BA Psychology (gold medalist, IEHE Bhopal), MA Clinical Psychology (MSU Baroda), PG Diploma in Guidance and Counselling
• Board meetings attended in FY 2025-2026: 2(Two)
• Remuneration last drawn: sitting fees of ₹30,000/-; remuneration sought: sitting fees of ₹10,000/- per Board meeting
• Shareholding in the Company: Nil; no directorship in any other listed company
• Inter-se related to Mr. Sarang Bhand and Mr. Yashas Bhand

Meeting details

The 18th AGM remains scheduled for Wednesday, September 30, 2026 at 11:30 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. All other contents of the AGM notice remain unchanged.

What it means for investors

The company loses its CEO and Whole-time Director, a member of the Promoter Group, in distressing circumstances. Mr. Sarang Bhand continues as Managing Director, with Mr. Jigar Gudka as CFO and Mr. Manoj Kumar as Company Secretary, who have been authorised for determining materiality of events and making disclosures to the exchange. Investors may watch for how executive responsibilities are reallocated.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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