Eco Recycling Limited has received an official Eligibility Status Letter dated 30 April 2026 from Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), acting as the Project Management Agency on behalf of the Ministry of Mines, Government of India. The recognition has been granted under the Incentive Scheme for Promotion of Critical Mineral Recycling, forming part of the National Critical Minerals Mission (NCMM). The company disclosed this development to the Bombay Stock Exchange on 5th May 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With this recognition, the company aims to boost future revenue by advancing recovery of key minerals essential for clean energy, electronics, and EV supply chains.

Key Details of the Eligibility Status

The following table summarises the key parameters of the disclosure:

Strategic Significance for the Company

Eco Recycling Limited has outlined several strategic dimensions associated with this recognition. The company views this milestone as part of its long-term roadmap to expand its operational scope and institutional positioning within India's critical mineral recycling framework. Key strategic objectives highlighted by the company include:

• Strengthening its position in India's emerging critical mineral recycling ecosystem
• Expanding beyond conventional e-waste recycling into high-value battery recycling and precious metal recovery
• Aligning with national resource security and circular economy objectives
• Enhancing future revenue diversification through advanced recovery of strategic minerals essential for clean energy, electronics, and EV supply chains
• Reinforcing its role as an integrated urban mining and resource recovery platform
• Positioning among early movers in India's formal critical mineral recycling framework
• Enhancing institutional visibility in strategic sustainability-linked sectors
• Demonstrating scalable infrastructure readiness for future national policy-linked opportunities

Management Commentary

Commenting on the development, CMD Mr. B K Soni stated: "The grant of eligibility status under the National Critical Minerals Mission is a significant institutional recognition of our technical capabilities, operational track record, and strategic expansion vision. This development supports our mission to transform from an e-waste recycler into a broader critical mineral recovery enterprise, aligned with India's sustainability and strategic mineral independence goals."

Important Disclaimer

Eco Recycling Limited has noted that the eligibility status is provisional in nature and remains subject to compliance with Scheme Guidelines, regulatory approvals, operational milestones, and applicable government policies. The company has committed to updating the Exchange regarding material developments related to this project in accordance with applicable SEBI regulations. The disclosure was signed by Shashank Soni, Director & CFO (DIN: 06572759), on behalf of Eco Recycling Limited.

Eco Recycling Limited announced its audited financial results for the fourth quarter and financial year ended March 31, 2026, following a Board meeting held on April 27, 2026. The company operates in the single business segment of E-waste Management. The results were reviewed by the Audit Committee and audited by M/s DMKH & Co., Chartered Accountants.

Financial Performance Highlights

On standalone basis, the company reported revenue from operations of ₹4,818 lakhs for FY26, compared to ₹4,396 lakhs in the previous year. Total income increased to ₹5,308 lakhs from ₹4,656 lakhs in FY25. Net profit for the year stood at ₹2,377 lakhs, slightly lower than ₹2,333 lakhs in the previous year. For the quarter ended March 31, 2026, revenue from operations was ₹1,861 lakhs, with net profit of ₹933 lakhs. Basic and diluted earnings per share (EPS) for FY26 were recorded at ₹12.32.

Consolidated Results

On consolidated basis, total income for FY26 reached ₹5,281 lakhs, up from ₹4,630 lakhs in the previous year. Net profit after tax for the year was ₹2,290 lakhs, compared to ₹2,338 lakhs in FY25. The consolidated results include the performance of wholly owned subsidiary Ecoreco Enviro Education Pvt Ltd and Ecoreco Park Pvt Ltd. Basic and diluted EPS on consolidated basis stood at ₹11.87 for FY26.

Balance Sheet Position

The standalone balance sheet as of March 31, 2026, showed total assets of ₹13,284 lakhs, compared to ₹10,773 lakhs in the previous year. Total equity increased to ₹11,162 lakhs from ₹8,828 lakhs. Cash and cash equivalents improved significantly to ₹1,314 lakhs from ₹223 lakhs. The consolidated balance sheet reflected total assets of ₹13,468 lakhs, with total equity at ₹11,205 lakhs.

Subsidiary Acquisition Approved

The Board approved the acquisition of the remaining 21.74% stake in Ecoreco Park Private Limited (EPPL) from minority shareholders to make it a wholly owned subsidiary. The transaction value was determined at ₹193 lakhs based on a valuation report by registered valuer Mr. Dinesh Kumar Deora. The fair value per equity share, including a 30% control premium, was assessed at ₹38.65. The related parties to the transaction include Eco Remarketing Pvt Ltd, Aruna Soni, B K Soni, and B K Soni (HUF).

Regulatory Compliance

Pursuant to Regulation 47(1)(b) and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements containing extract of audited financial results on April 29, 2026. The publication appeared in Business Standard (English edition) and Mumbai Lakshadweep (Marathi edition), and included a Quick Response (QR) code and weblink to access complete financial results.

Auditor's Emphasis

The company drew attention to an emphasis of matter in the auditor's report regarding the reassessment of the incremental borrowing rate (IBR) used for measuring lease liabilities under Ind AS 116. The IBR was revised from 13.5% to 9.5%, effective from the quarter ended March 31, 2026. This remeasurement of lease liabilities and corresponding right-of-use assets resulted in a net impact of ₹97.37 lakhs being recognized in the Statement of Profit and Loss for the quarter, consequently reducing the profit for the quarter by ₹97.37 lakhs.