Eco Recycling Limited has announced a corrigendum to its earlier Postal Ballot Notice dated April 03, 2026. This update follows an observation letter from BSE Limited dated May 04, 2026, directing the company to rectify the pricing of the preferential issue of warrants. Consequently, the issue price has been revised from Rs. 408 to Rs. 411 per warrant to comply with Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Revised Resolution and Pricing

The company seeks shareholder approval for the preferential allotment of up to 3,00,000 (Three Lakh) warrants. Each warrant is convertible into one fully paid-up equity share of Rs. 10 each. The revised issue price of Rs. 411 per warrant aggregates to Rs. 12,33,00,000. The proposed allottees include Mr. Brijkishor Kishangopal Soni, Mrs. Aruna Brijkishor Soni, and Ecoreco Ventures Private Limited, all part of the promoter and promoter group.

E-Voting Schedule and Process

To facilitate the revised resolution, the company has scheduled a new round of remote e-voting. The voting period commences on Thursday, May 07, 2026, at 9:00 A.M. IST and concludes on Saturday, May 09, 2026, at 5:00 P.M. IST. Shareholders who had previously cast votes during the original window (April 04 to May 03, 2026) are eligible to vote again during this period. The results for this corrigendum are expected to be declared on or before May 12, 2026.

Utilization of Proceeds

The net proceeds from the issue are intended to be utilized for specific corporate objectives. The estimated allocation includes Rs. 5.00 crore for the purchase of Land & Building and Rs. 5.00 crore for the acquisition of technologies and machinery for critical mineral recovery. Additionally, Rs. 2.33 crore is earmarked for general corporate purposes. The utilization is planned to be completed within 24 months from the date of receipt of funds.

Scrutinizer and Compliance

CS Prakash Shenoy (Membership No. F12625) of SAP & Associates has been appointed as the Scrutinizer to ensure the fair conduct of the postal ballot process. The process is being conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and the relevant SEBI regulations. The corrigendum and related details are available on the company’s website.

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.