Antony Waste Handling Cell Limited has reported significant progress in its circular economy operations for FY26, driven by high volumes of resource recovery and renewable energy generation. The waste management firm commercialized over 15,500 tonnes of high-quality compost derived from organic waste and supplied more than 1.77 lakh tonnes of Refuse Derived Fuel (RDF) to sectors including cement, textiles, and paper. These activities collectively enabled the avoidance of over 1.63 lakh tCO2e of greenhouse gas emissions, reinforcing the company’s transition toward sustainable urban development.

The disclosure was made under Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, as part of the company’s Business Responsibility and Sustainability Reporting (BRSR) for the financial year ended March 31, 2026. Shiju Antony Kallarakal, Director & Chief Sustainability Officer, highlighted that sustainability is a catalyst for long-term value creation, with ESG principles integrated into core strategy and decision-making processes.

Operational Highlights and Resource Recovery

The company’s operational footprint expanded through efficient processing across its national network, which includes five plants and 41 offices. A key achievement was recorded at the Construction and Demolition (C&D) waste processing facility, which achieved a recycling rate of 96% through the recovery of manufactured sand and aggregates. Additionally, the bio-mining of 300,000 MT of legacy waste at the CIDCO site facilitated land reclamation and mitigated environmental risks associated with leachate contamination.

Water stewardship practices were strengthened during the period. The Kanjur facility harvested 8,279.6 kilolitres of rainwater, while the PCMC facility utilized 76,460 kilolitres of treated water from the Sewage Treatment Plant. This reduced dependence on freshwater resources and supported circular water management protocols.

Energy Generation and Emission Reduction

Antony Waste Handling Cell Limited continued to leverage waste-to-energy technologies to reduce its carbon footprint. The PCMC Waste-to-Energy (WtE) facility processed approximately 1,000 tonnes of Municipal Solid Waste (MSW) per day, generating nearly 14 MW of green power, with 11.9 MW exported to the grid. During FY26, the plant generated approximately 69.3 million units of green electricity, bringing cumulative generation since inception to around 203 million units.

At the Kanjurmarg facility, landfill gas capture generated 3.88 million units of renewable electricity, utilized for captive consumption. The company avoided approximately 10,071 tCO2e emissions through renewable energy deployment at these facilities and aerobic composting initiatives. Total Scope 1 emissions stood at 26,705 metric tonnes of CO2 equivalent, while Scope 2 emissions were 3,630 metric tonnes of CO2 equivalent.

What the Numbers Show

The data reveals a strategic pivot toward high-value resource recovery rather than mere disposal. The avoidance of 1.63 lakh tCO2e is directly linked to the diversion of waste from landfills to RDF production and composting, indicating that the company’s revenue model is increasingly aligned with carbon reduction outcomes. Furthermore, the utilization of 76,460 kilolitres of treated sewage water at the PCMC facility demonstrates a closed-loop approach to water management, reducing operational dependency on municipal freshwater supplies while lowering environmental discharge liabilities.

Antony Waste Handling Cell has acquired a 26% stake in Arts EV Private Limited, marking its entry into the electric mobility ecosystem through a strategic partnership. The acquisition enables the waste management firm to extend its proprietary 'Click2Clean' sanitation services to a fleet of up to 800 electric public transport buses in Delhi, awarded under the PM E-DRIVE Scheme. This move diversifies the company's revenue streams beyond municipal waste management into adjacent non-municipal business verticals.

The transaction was executed via a Share Purchase Agreement (SPA) and Shareholders' Agreement (SHA) dated July 28, 2026, with Antony Road Transport Solutions Private Limited, an entity within the company's Promoter Group. As a related party transaction, the deal was conducted on an arm's length basis. Antony Waste paid an aggregate cash consideration of ₹26,000 for 2,600 equity shares of face value ₹10 each. Upon completion, Arts EV becomes an associate company of Antony Waste.

Arts EV, incorporated on June 16, 2026, serves as the special purpose vehicle (SPV) for the Delhi bus project. It holds an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. Being a recently incorporated entity, it has no turnover history. The SPV structure allows the consortium to manage the procurement, operation, and maintenance of the electric bus fleet efficiently.

The consortium roles are clearly demarcated between the two promoters. Antony Road Transport, holding a 74% stake as the Lead Member, is responsible for business development, fleet procurement, financing, and overall operational management. Antony Waste, as the Strategic Member with a 26% stake, will exclusively provide bus cleaning, sanitation, and allied hygiene-management services. Any additional capital contributions required by lenders will be made without altering these agreed responsibilities.

Transaction Details

The key parameters of the acquisition are summarised below:

Strategic Rationale

The acquisition aligns with Antony Waste's long-term strategy to explore scalable opportunities in the mobility sector, driven by increasing privatization and electrification in India's public transport. By leveraging its expertise in hygiene management, the company aims to capture value from the growing demand for sanitation services in electric fleets. No governmental or regulatory approvals are required for this acquisition, streamlining the implementation process.