Synopsis: Waste Management stock jumped 10% after approving a 1:2 bonus issue. The company will issue 51.99 lakh shares, funded via reserves, with credit expected by September 3, 2026, subject to approvals.
The shares of this engineering company focused on environmental solutions and providing waste management solutions across waste types and across the value chain are in the spotlight after it rose by 10 per cent in today’s market session following board approval for a bonus issue.
With a market capitalisation of Rs. 220 cr, the shares of Organic Recycling Systems Ltd were trading at Rs. 254 per share, surging 10% in today’s market session, making a high of Rs. 255, up from its previous close of Rs. 231.30 per share. The stock declined 20% over the past year but has shown signs of recovery, gaining 2% year-to-date, 11% over the last six months, and 6% in the past month.
About the Bonus Issue
The Board of Directors of Organic Recycling Systems Ltd has approved a 1:2 bonus issue, under which shareholders will receive one fully paid-up equity share for every two existing shares held on the record date. The proposal is subject to shareholder and regulatory approvals, while the record date will be announced separately.
The company plans to issue 51.99 lakh bonus equity shares with a face value of Rs. 10 each, amounting to approximately Rs. 5.20 crore. The bonus issue will be funded through the share premium account (eligible for capitalization) and/or the capital redemption reserve account.
Following the bonus issue, the company’s paid-up equity share capital will increase from Rs. 10.40 crore (1.04 crore shares) to Rs. 15.60 crore (1.56 crore shares). The final number of bonus shares will depend on the paid-up share capital as of the record date.
The company has Rs. 151.95 crore of eligible reserves available for capitalization as of March 31, 2026, significantly exceeding the amount required for the bonus issue. Subject to the completion of formalities, the bonus shares are expected to be credited to shareholders’ demat accounts on or before September 3, 2026.
About the company
Organic Recycling Systems Ltd is an Indian environmental solutions company specialising in waste management, waste-to-energy, compressed biogas (CBG), bio-CNG, and renewable energy projects.
The company provides end-to-end services, including the design, construction, operation, and maintenance of sustainable waste processing facilities, helping municipalities and industries convert organic waste into clean energy and valuable by-products while promoting circular economy initiatives.
The company reported an order book of around Rs. 100 crore for FY26 with a strong pipeline of Rs. 200–300 crore, supported by diversified municipal waste and CBG (compressed biogas) projects. It recently secured new projects in Rajasthan and Madhya Pradesh, strengthening its multi-state presence and execution visibility.
The pipeline is increasingly driven by CBG-led infrastructure growth, government initiatives like SATAT, and PSU projects, along with opportunities in city gas distribution and industrial clean fuel demand. With integrated EPC, technology, and O&M capabilities, the company is well-positioned for multi-year growth and scalable execution.
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