Eco Recycling Ltd

Strategic update

• Strategic update: shift from e-waste recycling to broader resource recovery and urban mining.
• Q1 FY27 consolidated revenue 19.13 crore; EBITDA 12.06 crore; PAT 9.17 crore; EPS 4.49.
• Focus on profitability, disciplined capital allocation, and long-term value creation.
• Policy backdrop: NCMM supports recycling; government incentive scheme of 1,500 crore.
• Evaluating opportunities across value chain: critical mineral recovery, partnerships, feedstock arrangements.
• Long-term vision to evolve into integrated circular-resource platform with higher-value material recovery.

Nodal Officer Nomination

• Board approved nomination of Shashank Soni as Nodal Officer for IEPF coordination.
• Nomination aligns with Section 124 of the Companies Act 2013 and Rule 7 of IEPF Rules.
• Details include name, designation, address, contact number, and emails for IEPF coordination.

Financial highlights

• Standalone total income ₹1,646 lacs; PAT ₹687 lacs; EPS ₹3.56.
• Standalone revenue from operations ₹1,619 lacs; other income ₹28 lacs; total ₹1,646 lacs.
• Consolidated total income ₹1,913 lacs; PAT ₹917 lacs; EPS ₹4.49.
• Consolidated revenue from operations ₹1,619 lacs; other income ₹294 lacs; total ₹1,913 lacs.

Dividend & AGM timeline

• Final dividend of 10% (₹1 per share) recommended, subject to AGM approval.
• Record date for dividend: 18 September 2026.
• AGM scheduled for 28 September 2026 at 11:00 AM (VC/OAVM).
• Remote e-voting opens 24 September 2026; closes 27 September 2026.
• Deemed venue: Registered office of the company.

Internal auditor appointment

• Internal Auditor appointed: M/s J R Kaanase & Associates for FY2026-27.
• To fill casual vacancy due to resignation of M/s LJ Kothari & Co.
• Remuneration to be mutually determined.

Promoter warrants

• Promoter warrants: 3,00,000 warrants issued at ₹411 per warrant.
• Each warrant convertible into one equity share on full payment.

JV Formation and Related Agreements

• Approved formation of a 50:50 JV with ERI to pursue ITAD and related services.
• Approved final SHA and Operating Agreement text detailing governance, initial equity, ring-fencing, and board rights.
• Subject to statutory and regulatory approvals.
• JV to be incorporated in India with 50:50 shareholding; four directors (two per party).
• Annexure A outlines significant terms and governance rights.

Dematerialisation processing and record update

• Securities received for dematerialisation up to 30 June 2026 were confirmed to depositories.
• The securities were listed on the stock exchange where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depository's name was substituted as registered owner in the register of members within 15 days.

Meeting Details

• Date: July 20, 2026; Time: 11:00 AM; Venue: Registered Office.

Key Agenda Items

• Form 50:50 Indian JV with ERI, subject to approvals.
• Approve SHA and Operating Agreement for the proposed JV.
• Any other business.

Other Notes

• Trading window remains closed from July 1, 2026 until 48 hours after quarterly results declaration.

Resignation of Internal Auditor

• M/s LJ Kothari & Co, Internal Auditors for FY2026-27, resigned June 30, 2026 due to other commitments.

Key disclosure

• Intimation under Regulation 7(2)(b) for promoter warrant allotment.
• Allotted 300,000 warrants to promoter and promoter group.
• Warrants priced at Rs 411 each; allotment dates 22-06-2026 to 24-06-2026.
• Promoter entities: Brijkishor Kishangopal Soni, Aruna Brijkishor Soni, Ecoreco Ventures Pvt Ltd.