Eco Recycling Limited has dispatched its postal ballot notice seeking shareholder approval for the Rs 12.24 crore warrant issuance previously approved by the board. The company has scheduled e-voting from April 04, 2026 to May 03, 2026, with results to be announced by May 05, 2026.

Warrant Issuance Details

The postal ballot seeks approval for issuing up to 3,00,000 warrants aggregating Rs 12,24,00,000 to promoters and promoter group on preferential basis. The board had approved this issuance during its meeting on April 3, 2026.

E-Voting Schedule and Process

The company has engaged Bigshare Services Private Limited to provide remote e-voting facility to members. The voting process will be conducted exclusively through electronic mode, with no physical postal ballot forms.

Allottee Distribution and Fund Utilization

The warrants will be allocated equally among three entities within the promoter and promoter group category, with each receiving 1,00,000 warrants.

The proceeds will be utilized for purchasing land and building, acquiring technologies and machinery for critical mineral recovery from PCBs, black mass, and spent magnets, along with meeting incremental working capital requirements.

Additional Board Appointment

The postal ballot also seeks approval for appointing CA Uttam Prakash Agarwal (DIN: 00272983) as an Independent Director for a five-year term effective from March 21, 2026. CA Agarwal, aged 62, is a Chartered Accountant with extensive experience in taxation, finance, and statutory audits, having served as the youngest President of ICAI in 2009-10.

Regulatory Compliance Framework

The preferential issue will be conducted under Chapter V of SEBI (ICDR) Regulations 2018 and the Companies Act 2013. CS Prakash Shenoy and CS Sapna Chourasia from SAP & Associates have been appointed as scrutinizers for the postal ballot process. The company has confirmed compliance with all listing obligations and regulatory requirements for the proposed issuance.

Eco recycling Limited has announced the appointment of Ms. Vaishali Vaishnav as Practicing Company Secretary (PCS) and Secretarial Auditor for the financial year 2025-26. The appointment was made to fill a casual vacancy and was approved by the company's Board of Directors during their meeting held on March 21, 2026.

Appointment Details

The appointment becomes effective from the close of business hours on March 21, 2026. Ms. Vaishnav will serve as the Secretarial Auditor for FY2025-26, taking on responsibilities related to secretarial compliance and audit functions for the company.

Professional Background

Ms. Vaishali Vaishnav is a qualified member of the Institute of Company Secretaries of India (ICSI) and holds a Certificate of Practice with membership number A71451 and COP 28671. She is a graduate in Law and Commerce, bringing substantial experience in secretarial compliance, corporate governance, and legal matters.

Areas of Expertise

Ms. Vaishnav's professional experience spans multiple sectors across India, including:

• Manufacturing companies
• Non-Banking Financial Companies (NBFCs)
• Startup enterprises
• Micro, Small & Medium Enterprises (MSMEs)

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Ms. Vaishnav is not related to any Director, Key Managerial Personnel (KMP), or Promoter of the company, ensuring independence in her role as Secretarial Auditor.

The disclosure was submitted to BSE Limited as part of the company's ongoing compliance with listing regulations and transparency requirements for shareholders and stakeholders.