Large Scale EPCOM contract to Wholly Onwed Subsidiary "Solapur Bioenergy Systems Private Limited"

Date: October 12, 2026 BSE Limited Department of Corporate Services Listing Department, P J Towers, Dalal Street, Mumbai - 400001 Scrip Code: 543997 Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and Industry Standards on Regulation 30 issued vide SEBI Circular No. SEBI/HO/CFD/CFD- PoD-2/P/CIR/2025/25 dated February 25, 2025, we wish to inform you that Solapur Bioenergy Systems Private Limited (“SBESPL”), a Wholly Owned Subsidiary of Organic Recycling Systems Limited (the Company), has secured a *Large-scale Contract from Bharat Petroleum Corporation Limited (BPCL) for Engineering, Procurement, Construction, Operation and Maintenance (EPCOM) projects for setting up Compressed Bio-Gas (CBG) plants at Hubli-Dharwad, Karnataka. The details required under Regulation 30 of the Listing Regulations, read with the applicable SEBI Circular, are enclosed as Annexure A. A copy of the Press Release being issued by the Company in this regard is enclosed as Annexure B. This intimation is also being made available on the website of the Company at https://organicrecycling.co.in/ . You are requested to kindly take the above on record. For Organic Recycling Systems Limited Manoj Kumar Company Secretary and Compliance officer Membership No. A56992 *Order/Contract Classification: Classifications Big-scale order Large-scale order Major-Scale orders Value (INR Cr) Up to Rs. 50 Crore Rs. 50-100 Crore Rs. 100 Cr and Above Organic Recycling Systems Ltd Registered / Corporate Address : 1003, The Affaires, Plot No.19, Sector-17, Sanpada, Navi Mumbai – 400705. Tel: + 91 22 4170 2222 Fax: +91 22 4170 2200 22 00 | www.organicrecycling.co.in | info@organicrecycling.co.in CIN L40106MH2008PLC186309 Annexure A (Details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the applicable provisions of Schedule III) Sr. Particulars Details (Project 1) 1. Name of the entity awarding the Bharat Petroleum Corporation Ltd. order(s)/contract(s) 2. Significant terms and conditions of order(s)/contract(s) awarded, in brief SBESPL, a wholly owned subsidiary of the Company, has secured an EPCOM contract from Bharat Petroleum Corporation Limited for setting up an organic municipal solid waste-based CBG plant at Hubli-Dharwad, Karnataka. The contract shall be executed in accordance with the terms and conditions stipulated in the Letter of Acceptance and applicable tender documents. 3. Nature of order(s)/contract(s) EPCOM contract 4. Whether domestic or international Domestic 5. Time period by which the 15 months from the date of Letter of order(s)/contract(s) is to be executed Acceptance (LOA), followed by 5 years of O&M from commissioning. 6. Broad consideration or size of the Large-Scale Order order(s)/contract(s) 7. Whether the promoter/promoter No group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof 8. Whether the order(s)/contract(s) No would fall within related party transactions? If yes, whether the same is done at “arm’s length” Organic Recycling Systems Ltd Registered / Corporate Address : 1003, The Affaires, Plot No.19, Sector-17, Sanpada, Navi Mumbai – 400705. Tel: + 91 22 4170 2222 Fax: +91 22 4170 2200 22 00 | www.organicrecycling.co.in | info@organicrecycling.co.in CIN L40106MH2008PLC186309 India Is Years Behind Its CBG Rollout Target — Organic Recycling Systems Just Picked Up Four of the Plants That Are Actually Getting Built ORSL's subsidiary has now won four *large-scale orders from BPCL contracts in a month. Mumbai, October 12, 2026: India's compressed biogas (CBG) industry is still in the early stages of a large, government-backed build-out. The SATAT programme has driven more than 1,200 letters of intent for new CBG plants as of mid-2026, envisioning a sector that scales to several thousand facilities nationally — leaving a substantial pipeline of projects still to be engineered, constructed and commissioned in the years ahead. Against that backdrop, Solapur Bioenergy Systems Private Limited (SBESPL), a wholly owned subsidiary of Organic Recycling Systems Limited (ORSL, BSE: 543997), has won a fourth *Large-scale order for Engineering, Procurement, Construction, Operation and Maintenance (EPCOM) contracts from Bharat Petroleum Corporation Limited (BPCL) — for organic municipal solid waste-based CBG plants in Mysuru, Karnataka; Raipur, Chhattisgarh; Kozhikode, Kerala; and Hubli, Karnataka adding up to roughly 20 TPD of aggregate CBG processing capacity. The policy backdrop has shifted in the sector's favour through 2026: a mandatory CBG blending obligation now scales from 1% to 5% by FY29, the Union Budget 2026-27 introduced an excise duty exemption on the biogas portion of blended CNG, and the Ministry of New and Renewable Energy offers central financial assistance of up to ₹10 crore per plant. Oil marketing companies including BPCL, IOCL and HPCL typically back CBG plants with 15-year offtake agreements once commissioned. *Order Classification: Classifications Big-scale order Large-scale order Major-Scale orders Value (INR Cr) Up to Rs. 50 Crore Rs. 50-100 Crore Rs. 100 Cr and Above Pankaj Tanwar, CEO – Bioenergy, Organic Recycling Systems Limited, said: "India's CBG sector needs more plants on the ground, not just more letters of intent, and these four BPCL awards are about converting that opportunity into commissioned capacity. Each project takes us through the full lifecycle, from engineering and construction to five years of operations and maintenance, which is exactly the kind of accountability the sector needs from its developers. As government schemes like SATAT and GOBARdhan continue to support the industry, we see a significant opportunity for companies with proven execution capability to scale alongside it." One reason the gap between letters of intent and commissioned plants has stayed wide, according to industry participants, is that many early awards were structured as pure construction contracts, leaving plant operations to a separate, often smaller entity without the balance sheet or technical depth to run them. BPCL's EPCOM structure folds construction and five years of operations and maintenance into a single contract with a single counterparty, shifting more execution and operating risk onto companies like SBESPL — but also removing the handoff at the point many projects appear to stall. Organic Recycling Systems Ltd Registered / Corporate Address : 1003, The Affaires, Plot No.19, Sector-17, Sanpada, Navi Mumbai – 400705. Tel: + 91 22 4170 2222 Fax: +91 22 4170 2200 22 00 | www.organicrecycling.co.in | info@organicrecycling.co.in CIN L40106MH2008PLC186309 Jigar Gudka, Chief Financial Officer, Organic Recycling Systems Limited, said: “The EPCOM structure is deliberately different from a plain-vanilla EPC contract. Once these plants move into their five-year O&M phase, that revenue is contracted and annuity-like, rather than tied to the ups and downs of a single construction cycle. As more of our portfolio shifts from build to operate, we expect that to translate into materially better EBITDA visibility — which matters in a sector where a lot of capacity is still stuck between LOI and commissioning.” ORSL has also recently secured a renewal of its O&M contract for a separate CBG plant in Gorakhpur with IOCL, giving it operating relationships with two of India's largest state oil marketing companies. The company's scale remains modest relative to the sector's national ambitions — its four new BPCL plants add under 20 TPD against a shortfall running into the thousands — but the wins illustrate which companies a [Showing first 8,000 characters — download PDF for full document]