Eco Recycling Limited has declared the results of its Corrigendum (First) e-voting on the preferential issue of warrants, with the special resolution passing with requisite majority. The company informed BSE on May 11, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution pertained to the issuance of securities on a preferential basis, following a revised warrant price of Rs. 411 per warrant as directed by BSE through an observation letter dated May 04, 2026.

Background: Price Revision and Corrigendum

The corrigendum was necessitated after BSE directed the company to rectify the pricing of the preferential issue of warrants in line with Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue price was accordingly revised from Rs. 408 to Rs. 411 per warrant. The company issued Corrigendum (First) on May 06, 2026, and the e-voting window was open from Thursday, May 07, 2026 at 9:00 A.M. IST to Saturday, May 09, 2026 at 5:00 P.M. IST. Shareholders who had previously voted during the original window (April 04 to May 03, 2026) were also permitted to vote afresh during this period.

Voting Results: Unanimous Approval

The special resolution for the issue of up to 3,00,000 (Three Lakh) convertible warrants at Rs. 411 per warrant was carried with requisite majority. A total of 1,41,54,116 valid votes were cast by 14 shareholders, with every single vote recorded in favour of the resolution and none against. The voting results, as certified by Scrutinizer CS Prakash Shenoy of SAP & Associates, are detailed below:

The category-wise breakdown of voting participation further illustrates the outcome:

Preferential Allotment Details

The approved resolution authorises the preferential allotment of up to 3,00,000 warrants, each convertible into one fully paid-up equity share of Rs. 10 each, at a revised price of Rs. 411 per warrant. The total aggregate amount of the issue stands at Rs. 12,33,00,000. The proposed allottees are Mr. Brijkishor Kishangopal Soni, Mrs. Aruna Brijkishor Soni, and Ecoreco Ventures Private Limited, all belonging to the promoter and promoter group. The cut-off date for determining eligible shareholders was March 27, 2026, with a total of 37,581 shareholders on record.

Utilization of Proceeds

The net proceeds from the preferential issue are earmarked for specific corporate purposes, to be deployed within 24 months from the date of receipt of funds:

Scrutinizer and Compliance

CS Prakash Shenoy (Membership No. F12625, CP No. 22619), Partner at SAP & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer by the Board of Directors to oversee the remote e-voting process. The scrutinizer's report was submitted on May 09, 2026, confirming that there were no invalid votes cast through remote e-voting. The entire process was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI LODR Regulations. The results and scrutinizer's report are available on the company's website at www.ecoreco.com , on the BSE website, and on the e-voting platform of Bigshare.

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.