Eco Recycling Limited’s board is scheduled to meet on July 20, 2026, to consider and approve the formation of a 50:50 joint venture with Electronic Recyclers International, Inc. (ERI), USA. The strategic alliance aims to establish a separate legal entity in India to pursue opportunities in IT Asset Disposition (ITAD), enterprise recycling, and circular economy solutions. This partnership is expected to strengthen the company's ability to serve multinational customers in India and enhance its position in the global circular economy ecosystem.

The board will deliberate on the final execution text of the Shareholders Agreement (SHA) and Operating Agreement for the proposed joint venture. The governance framework provides for equal equity participation and management by both ERI and Eco Recycling . The operational liabilities and business risks of the joint venture will be ring-fenced at the entity level.

Strategic Benefits and Operations

The joint venture will leverage ERI's international expertise, technology, and global best practices alongside Eco Recycling's established infrastructure and regulatory experience in India. The collaboration builds on a longstanding relationship where Eco Recycling has serviced ERI's global customers in the past. The move is anticipated to facilitate the adoption of globally recognized operational standards and expand capabilities in ITAD and enterprise services.

Financial Implications

The initial investment in the joint venture will be governed by the provisions of the Shareholders Agreement to be approved by the board. Subsequent capital contributions, if required, will be determined by the terms of the agreement and applicable laws. The company stated that none of the directors or key managerial personnel are interested in the resolution beyond their directorship or shareholding.

Meeting Details

M/s. L J Kothari & Co resigned as the internal auditor of Eco Recycling Ltd effective June 30, 2026, due to preoccupation with other professional commitments. The resignation was tendered via a letter dated June 30, 2026, and became effective from the close of business hours on the same day. The firm confirmed that there were no other material reasons for the resignation and that it did not encounter any limitations on scope or non-cooperation from the management regarding access to books and data.

The resignation was submitted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that its Audit Committee and Board would consider the appointment of new internal auditors in due course and would intimate the stock exchanges accordingly. The requisite details regarding the resignation were enclosed as Annexure-A to the filing.

In its resignation letter, M/s. L J Kothari & Co confirmed that there were no significant unresolved internal audit observations or material concerns requiring the attention of the Audit Committee or the Board of Directors. The firm requested the company to complete the necessary regulatory formalities, including filing the material event disclosure with the stock exchanges.

Details of Resignation