ORGANIC RECYCLING SYSTEMS Share price

The Company was originally incorporated on August 29 2008 as a private limited Company under the name and style of Organic Recycling Systems Private Limited under the provisions of Companies Act 1956 with the Registrar of Companies Mumbai vide CIN U40106MH2008PLC186309. Pursuant to shareholders ‘resolution passed at Extra Ordinary General Meeting held on Monday September 26 2022 the Company was converted into a Public Limited Company and the name of the Company was changed to Organic Recycling Systems Limited vide a fresh Certificate of Incorporation dated 29th September 2022 issued by Registrar of Companies Mumbai. Organic Recycling Systems Limited has been a forerunner in providing sustainable waste management solutions in India since 2008. We successfully set up India’sfirst MSW processing and disposal plant based on DRYAD(™) processin Solapur Maharashtra to convert Organic fraction of Municipal Solid Waste (OFMSW) into electricity and compost. the Solapur plant was recognized as a case study under best practices for MSWM processing by the Swachh Bharat Mission by the Government of India. the focus primarily has been on developing robust cost effective & environment friendly technologies that are simple to operate. We are determined to become one of the leading technology providers in Asian region for mitigating waste management challenges by promoting sustainable technological innovations right from community level solutions to large scale end-to-end infrastructure solutions for effective handling & scientific processing & disposal of municipal wastes. The projects are implemented keeping in mind positive social impact on environment & well-being for society at large. Driven by principles of circular economy we are committed to recover maximum resources from waste thereby reducing burden on landfills.KEY EVENTS AND MILESTONES :2008- Formation of Organic Recycling Systems Private Limited to develop & promote technology for scientific & sustainable treatment of waste using Anerobic Digestion Process.2009- Acquisition of Solapur project under 100% Wholly owned subsidiary called Solapur Bioenergy Systems Private Limited for a Concession Period of 29 years & 11 Months from Cicon Environment Technologies Limited.2010- Start of Construction of 300 TPD MSW Processing Facility under 100% Subsidiary - Solapur Bioenergy Systems Private Limited based on the inhouse developed & validated technology called DRYAD™ based on the Principals of Anerobic Digestion Process.2011- Secured tariff fixation for a Waste to Bioenergy Plant using Cost Plus Methodology from both MERC & CERC therefore setting precedent for the Tariff fixation system for Biogas Projects.− Solapur project availed Custom Duty Exemptions for a Waste Management Project2013- Solapur facility achieved grid connectivity & commissioned its Biogas to Power Plant in July 2013 with MSEDCL.2014- Started the Development of DRYCO-AD™ Technology for smaller application based on the same principal of DRYAD™ Technology & Anaerobic Digestion Process.2016- Commercialized the Descaled DRYCO-AD™ Technology with award of Project from Indian Oil Corporation Ltd to be implemented in Varanasi Uttar Pradesh.2018- Secured contracts for setting up 5 TPD containerized bio-methanation plants for treating biodegradable waste to generate electricity and enriched organic manure and operation & maintenance of the plants for a period of 5 years at 10 different sites in Delhi:. 2 sites under the jurisdiction of East Delhi Municipal Corporation. 4 sites under the jurisdiction of South Delhi Municipal Corporation; and 4 sites under the jurisdiction of North Delhi Municipal Corporation2019- Secured 2 contracts from KSIDC for developing 200 TPD Integrated Waste Management & Processing Project each for Palakkad & Kannur Clusters in Consortium with Blue Planet Environmental Solutions India Private Limited. the company has entered into contracts for setting up the projects and will be paid on completion of milestones.2021- Secured contract from Kolkata Municipal Corporation for construction of 5 TPD facility to process organic waste for generation of Bio-CNG.2022- Received Work order for Construction of 100 TPD Integrated Solid Waste Management Facility along with operation & maintenance of the facility for a period of 3 years from Kalyan Dombivli Municipal Corporation.- Patent granted for the invention “Integrated process for pre-treatment and anaerobic digestion of waste and apparatus used therein” for a period of 20 years w.e.f. June 2014.2023- Patent granted for the invention “"Integrated Process for Pre-treatment and Anaerobic digestion of waste" and apparatus used therein (called as MARUT Drum and allied equipment)” for a period of 20 years w.e.f. June 2014.