Eco Recycling Limited reported a Profit Before Tax of ₹31.50 crore for FY26, alongside total income of approximately ₹53 crore. The e-waste recycler maintained a debt-free status with a cash surplus of roughly ₹13 crore.

The results were disclosed by Chairman and Managing Director B K Soni during the 32nd Annual General Meeting. The management highlighted a strategic shift from volume-based recycling to value-driven resource recovery, focusing on critical minerals and IT Asset Disposition.

Strategic partnerships and listing

On August 31, 2026, the company laid the foundation for a proposed 50:50 joint venture with Electronic Recyclers International (ERI) USA, named ERI India. This partnership aims to combine Eco Recycling’s local market presence with ERI’s expertise in secure electronics destruction and IT Asset Disposition.

Additionally, the Securities and Exchange Board of India permitted the trading of Eco Recycling’s equity shares on the National Stock Exchange effective August 17, 2026. The admission to dealings was confirmed via NSE circular NSE/CML/75748 dated August 14, 2026.

Focus on critical mineral recovery

The company identified two primary growth avenues: critical mineral recovery through urban mining and IT Asset Disposition under the Digital Personal Data Protection (DPDP) framework. Eco Recycling noted that the government’s ₹1,500 crore Critical Mineral Recycling initiative recognizes recycling as a contributor to resource security. The firm is evaluating advanced recovery technologies for lithium-ion batteries and e-waste.

What the Numbers Show

A comparison of the profit before tax against total income reveals an exceptionally high margin profile for this sector. With PBT at ₹31.50 crore on total income of ₹53 crore, the pre-tax margin stands at approximately 59%. This indicates that the current revenue mix is heavily weighted towards high-value services or other income streams rather than low-margin raw material processing. The debt-free balance sheet further supports the capacity to fund capital-intensive recovery technologies without leveraging costs.

Eco Recycling Limited shareholders approved the appointment of PCS Vaishali Vaishnav as the company's Secretarial Auditor for a five-year term during its 32nd Annual General Meeting held on September 28, 2026.

The appointment, mandated by Regulation 24A of the SEBI Listing Regulations, covers a fixed term of 5 consecutive financial years running from FY26 to FY30. The decision was ratified by shareholders attending the meeting via Video Conferencing, which was also attended by 35 members.

Governance and Compliance Updates

The Company Secretary informed members that the Statutory Auditors' Report contained no qualifications or adverse observations regarding financial transactions or the company's functioning. The meeting complied with SEBI Listing Regulations and MCA circulars permitting virtual participation.

Directors present included B K Soni (Chairperson), CA Uttam Prakash Agrawal (Audit Committee Chair), and Dr. Sandip Chatterjee (NRC and SRC Chair). Representatives from the Statutory, Secretarial, and Internal Audit teams were also in attendance. Chairman B K Soni addressed shareholders, emphasizing the company's resilient response to regulatory challenges and its dedication to serving underserved communities across India. He also highlighted recent developments regarding the company's stocks, which were permitted to trade by the National Stock Exchange vide circular dated August 14, 2026.

Key Agenda Items and Resolutions

The Board sought shareholder approval on five ordinary resolutions, covering financial statements, dividends, and director appointments. The e-voting results are expected to be declared within two working days of the meeting's conclusion.

Details of Secretarial Auditor Appointment

PCS Vaishali Vaishnav is a qualified member of the Institute of Company Secretaries of India (ICSI) with membership number A71451. She holds a Certificate of Practice (COP 28671) and a Peer Review Certificate, possessing rich experience in secretarial compliance management and corporate governance.

The company disclosed that PCS Vaishali Vaishnav is not related to any Director, Key Managerial Personnel, or Promoter of the Company. The appointment was made in continuation of the corporate intimation dated March 21, 2026, to comply with regulatory requirements.