Organic Coatings CFO Resigns As Board Proposes ₹15 Crore Authorized Capital

Board recommended increasing authorised share capital from Rs 10 Cr to Rs 15 Cr, subject to shareholder approval, and approved related alteration to the Memorandum of Association. It also approved appointments and remuneration of independent and whole-time directors. The capital increase provides capacity for a potential future equity issue, although no fundraise or security issuance was approved. Multiple director appointments and remuneration matters will be placed before shareholders. Ajay Rajnikant Shah resigned as CFO effective 17 August 2026 citing personal commitments; no successor or transition details were disclosed. The board also approved the 61st AGM for 29 September 2026.