Eco Recycling Ltd

Demat/Remat processing status

• No Demat/Remat requests were received during the quarter ended 30 September 2026.
• Securities dematerialised have been listed on the stock exchange where the earlier securities are listed.
• Securities received for dematerialisation up to 30 September 2026 were confirmed (accepted/rejected) to the depositories.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

AGM Details

• Date: 28 September 2026; Start 11:00 AM, End 12:05 PM; held via Video Conferencing.
• Record date: 21 September 2026 for entitlement.

Key Resolutions

• Resolution 1: Adoption of standalone financial statements and board/auditors' reports.
• Resolution 2: Adoption of audited consolidated financial statements and auditors' report.
• Resolution 3: Final dividend on equity shares for FY ended 31 March 2026.
• Resolution 4: Re-appointment of Mr. Shashank Soni as director liable to retire by rotation.
• Resolution 5: Appointment of CS Vaishali Vaishnav as Secretarial Auditor.

Voting Results

• Resolution 1: Passed with overwhelming support; minimal opposing votes.
• Resolution 2: Passed with overwhelming support; minimal opposing votes.
• Resolution 3: Passed; final dividend approved.
• Resolution 4: Passed; director re-appointment approved.
• Resolution 5: Passed; Secretarial Auditor appointment approved.

Dividend

• Final dividend approved on equity shares.

Directors & Officers

• Re-appointment of Shashank Soni as Director (retiring by rotation).
• Secretarial Auditor appointed: CS Vaishali Vaishnav.

AGM Details

• Date/time: 28 Sep 2026, 11:00–12:05 IST, via video conferencing.
• Record date: 21 Sep 2026.
• Shareholders on record: 38,358.
• Scrutinizer: CS Vaishali Vaishnav, appointed 10 Aug 2026.
• Meeting duration: 11:00–12:05 IST.
• Five resolutions approved; all ordinary business.

Key Resolutions

• Resolution 1 passed; adoption of standalone financial statements and reports.
• Resolution 2 passed; consolidated financials adopted.
• Resolution 3 passed; final dividend approved.
• Resolution 4 passed; Shashank Soni re-appointed.
• Resolution 5 passed; CS Vaishali Vaishnav appointed Secretarial Auditor.

Governance & Officers

• Director: Shashank Soni re-appointed; liable to retire by rotation.
• Secretarial Auditor: Vaishali Vaishnav appointed.

AGM context

• Speaker describes FY2025-26 as encouraging with emphasis on higher-value recovery over volume.

Strategic focus

• Strategic focus includes IT asset disposition, secure data destruction, refurbishment, battery recycling, and mineral recovery.

Joint venture

• Proposed 50:50 joint venture for IT asset disposition with a US partner.

Regulatory context

• Government Critical Mineral Recycling initiative highlighted as significant for resource security.

Capital markets

• Equity shares permitted to trade on a major stock exchange.

Appointment of Secretarial Auditor

• Shareholders approved the appointment of PCS Vaishali Vaishnav as Secretarial Auditor.
• Term: five consecutive financial years from FY2025-26 to FY2029-2030.
• Effective date: appointment w.e.f. March 21, 2026.
• Appointment complies with Regulation 24A of SEBI Listing Regulations.
• Vaishali Vaishnav is not related to any Director, KMP, or Promoter.

AGM Details

• Date, time and mode: 28 September 2026, 11:00 AM, via VC/OAVM.
• Quorum met as per Section 103; 35 members attended through VC.
• Remote e-voting window: 24–27 September 2026, facilitated by Bigshare.
• Scrutinizer appointed for remote e-voting and meeting votes.
• Proxy attendance not available due to VC format.
• Notice and annual report available electronically for inspection.

Key Resolutions

• Adoption of standalone financial statements and related reports — Ordinary.
• Adoption of audited consolidated financial statements and auditor’s report — Ordinary.
• Declaration of final dividend on equity shares — Ordinary.
• Re-appointment of Mr. Shashank Soni as director by rotation — Ordinary.
• Appointment of CS Vaishali Vaishnav as Secretarial Auditor — Ordinary.

Voting Results

• Adoption of standalone financial statements — voting results not disclosed.
• Adoption of consolidated financial statements — voting results not disclosed.
• Final dividend proposal — voting results not disclosed.
• Re-appointment of Shashank Soni — voting results not disclosed.
• Secretarial Auditor appointment — voting results not disclosed.

Dividend

• Final dividend on equity shares proposed; amount not disclosed.

Director Changes

• Re-appointment of Mr. Shashank Soni as director by rotation.

Auditor Appointments

• Appointment of CS Vaishali Vaishnav as Secretarial Auditor.

Eco Recycling Limited – Trading Window closed from October 1, 2026 until the end of 48 hours after the declaration of unaudited financial results for the quarter ended September 30, 2026

Dividend tax and TDS update

• Final dividend proposed: Rs 1 per equity share, subject to AGM approval.
• AGM scheduled Sept 28, 2026 to approve the dividend.
• Record date fixed Sept 18, 2026 for entitlement.
• Dividends will be paid electronically; physical warrants discontinued.
• Resident TDS at 10% with valid PAN; 20% if PAN missing.
• NIL/ lower TDS possible for eligible resident non-individuals on declarations.
• Non-resident TDS 20% or DTAA-based rates with required documents.
• DTAA benefits require TRC, Form 41, PAN; deadline Sept 25, 2026.
• Submit self-declarations via Bigshare link or email by Sept 25, 2026.
• Update bank details, PAN, email, and address on time.

Financial performance

• Total revenue (consolidated) ₹48.18 crore, up 9.6% YoY.
• EBITDA (standalone) ₹33.67 crore, up 0.34% YoY.
• PAT (standalone) ₹23.77 crore, up 1.86% YoY.
• EPS (standalone) ₹12.32 per share.
• Consolidated EPS ₹11.87 per share.

Capital structure & liquidity

• Debt-free balance sheet; no conventional external debt.
• Current ratio standalone 4.10; consolidated 4.52.
• Trade receivables ~11.8% of assets; impairment ₹3.16 lakh.
• Cash and cash equivalents: stand-alone ₹13.14 cr; consolidated ₹13.43 cr.

Capital allocation & growth

• Capex expanded processing capacity to 31,200 MT/yr, incl. Li-ion handling.
• Promoter funding via convertible warrants ₹12.33 cr.
• JV with ERI (USA) 50:50 to expand e-waste operations in India.
• Remaining Ecoreco Park stake 21.74% to become wholly owned; under process.

Governance & leadership

• Independent Director Uttam Prakash Agarwal appointed 21 Mar 2026.
• Cessations: Giriraj Bhattar ceased 11 Feb 2026; others previously.
• CS Vaishali Vaishnav appointed Secretarial Auditor for 5 years.
• Board and Audit Committee met regularly; unqualified audits reported.

Dividend & AGM

• 32nd AGM on 28 Sep 2026 via VC/OAVM.
• Record date: 18 Sep 2026; remote e-voting 24-27 Sep 2026.
• Dividend via electronic mode only; TDS and DP updates required.

CSR & ESG

• CSR outlay ₹27.29 lakh; 2% average net profit target applicable.
• ₹27.28 lakh allocated to Ecoreco Foundation; impact-focused CSR initiatives.

Strategic initiatives & risks

• Ministry of Mines initiative: Critical Mineral Recycling Scheme; Ecoreco among 58 entities.
• Strategic focus on critical minerals, battery recycling, and ESG-driven services.
• Risks include informal sector competition and regulatory changes.
• Technology platforms and partnerships to drive advanced material recovery.