Eco Recycling Limited has appointed Shashank Soni, Director and Chief Finance Officer, as its Nodal Officer for coordination with the Investor Education and Protection Fund (IEPF) Authority. The Board of Directors approved the nomination during its meeting held on August 10, 2026. This appointment establishes a dedicated channel for managing claims related to unclaimed dividends and forfeited shares, ensuring compliance with regulatory requirements under the Companies Act, 2013.

The move aligns with Rule 7 (2A) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2019. It also satisfies disclosure norms under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. By designating a senior finance executive to this role, the company aims to streamline communication with the IEPF Authority and facilitate smoother processing of investor refunds.

Shashank Soni will serve as the primary liaison for all matters pertaining to the IEPF. His contact details have been updated with the stock exchanges to ensure accessibility for investors and regulators. The appointment reflects the company’s commitment to maintaining robust governance structures for investor protection.

Appointment Details

The notification was issued by Arvindra Singh Parmar, Company Secretary and Compliance Officer, on August 11, 2026. The intimation was submitted to BSE Limited, referencing Scrip Code 530643 and ISIN INE316A01038.

Regulatory Context

Section 124 of the Companies Act, 2013 mandates that companies transfer unclaimed dividends and matured deposits to the IEPF after a specified period. Rule 7 of the IEPF Rules requires listed entities to nominate a Nodal Officer to coordinate with the Authority. This role is critical for verifying claimant identities and ensuring timely refunds from the fund.

What the Numbers Show

While this filing does not disclose financial metrics, the appointment of a CFO-level executive underscores the operational importance of IEPF compliance. For investors holding dormant shares or awaiting dividend refunds, this structured contact point reduces ambiguity in the claim process. The direct email addresses provided allow for immediate verification of status without intermediary delays.

eco recycling reported a significant improvement in its top-line performance in Q1, with revenue nearly doubling to 162M rupees compared to 92M rupees in the corresponding period last year. The strong revenue growth was accompanied by a meaningful expansion in operating profitability, reflecting improved operational efficiency during the quarter.

EBITDA and Margin Performance

The company's EBITDA rose sharply on a year-on-year basis, underscoring the operating leverage achieved during the quarter. The following table summarises the key operating metrics:

EBITDA grew to 92M rupees from 51M rupees year-on-year, representing a substantial increase in absolute operating profit. The EBITDA margin also improved, rising to 56.58% from 55.19% in the year-ago period, indicating that revenue growth was accompanied by proportionate cost discipline.

Standalone Net Profit

On the profitability front, Eco Recycling's standalone net profit for Q1 stood at 69M rupees, compared to 67M rupees in the same quarter last year. While the net profit growth was modest relative to the sharp rise in revenue and EBITDA, the company maintained a healthy bottom line during the period.

The relatively contained growth in net profit compared to EBITDA may reflect movements in depreciation, finance costs, or tax provisions during the quarter, though specific line-item details were not disclosed in the available data.

Key Highlights

• Revenue nearly doubled YoY, rising to 162M rupees from 92M rupees
• EBITDA increased to 92M rupees from 51M rupees on a year-on-year basis
• EBITDA margin expanded by approximately 139 basis points YoY to 56.58%
• Standalone net profit rose marginally to 69M rupees from 67M rupees YoY

Overall, Eco Recycling's Q1 results reflect a robust improvement in revenue and operating profitability on a year-on-year basis, with EBITDA margin expansion highlighting sustained operational efficiency.