Eco Recycling internal auditor resigns effective June 30, 2026

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

Item	Particulars
Name of Internal Auditor & FRN	M/s. L J Kothari & Co (FRN: 105313W)
Reason for Change	Resignation due to preoccupation in other professional commitments elsewhere
Date of Cessation	June 30, 2026
Terms of Appointment	Not Applicable
Brief Profile	Not Applicable
Disclosure of relationship between directors	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.13%	-0.54%	-9.42%	-1.43%	-26.79%	+683.23%

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

Sr. No.	Name of Allottee	Category	No. of Warrants Allotted	Issue Price (₹)	Total Consideration (₹)	Upfront Payment Received (₹)
1	Mr. Brijkishor Kishangopal Soni	Promoter	100000	411	41100000	10275000
2	Mrs. Aruna Brijkishor Soni	Promoter	100000	411	41100000	10275000
3	Ecoreco Ventures Private Limited	Promoter	100000	411	41100000	10275000
	Total		300000		12,33,00,000	3,08,25,000

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.