Eco Recycling Limited has allotted 3,00,000 fully convertible share warrants to its promoters and promoter group, raising a total consideration of ₹12.33 crore. The warrants were issued at a price of ₹411 each, comprising a face value of ₹10 and a premium of ₹401. The allotment was approved by the board via circular resolution on June 22, 2026, following shareholder approval through a postal ballot on May 09, 2026.

The warrants have been issued to three allottees: Mr. Brijkishor Kishangopal Soni, Mrs. Aruna Brijkishor Soni, and Ecoreco Ventures Private Limited. Each entity received 100,000 warrants. The company received 25% of the subscription amount, totaling ₹3.08 crore, as upfront payment. The warrants are subject to lock-in provisions as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Allotment Details

Conversion Terms

Each warrant is convertible into one equity share of ₹10 within a maximum period of 18 months from the date of allotment. The balance 75% of the issue price, amounting to ₹308.25 per warrant, must be paid for conversion. If the remaining consideration is not paid within the stipulated 18-month period, the warrants will lapse, and the upfront amount paid will be forfeited. The allotment does not alter the paid-up equity share capital of the company until the warrants are converted into equity shares.

Eco Recycling Limited has closed its trading window for all designated persons and their immediate relatives, effective from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is implemented to prevent insider trading and ensure compliance with regulatory norms ahead of the quarterly earnings announcement.

The closure follows Clause 4 of Schedule B to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and aligns with the company's internal Code of Conduct to regulate, monitor, and report trading by designated persons. Consequently, all Directors, Officers, and Designated Persons are prohibited from dealing in the company's securities during this period.

The company has stated that the specific date for the Board Meeting to consider and approve the unaudited financial results for Q1FY27 will be communicated in due course. The trading window will reopen 48 hours after the results are officially declared.

This information is available on the company's official website and has been submitted to BSE Limited in compliance with SEBI regulations. Arvindra Singh Parmar, Company Secretary & Compliance Officer, signed the intimation on June 19, 2026.