Eco Recycling Limited has scheduled its 32nd Annual General Meeting (AGM) for September 28, 2026, to approve financial results for FY26 and recommend a final dividend of ₹1 per share.

The e-waste recycler reported consolidated revenue from operations of ₹481.83 crore for the year ended March 31, 2026, an increase of 9.6% compared to ₹439.59 crore in the previous year. Standalone profit after tax (PAT) rose 1.9% to ₹237.71 crore, while EBITDA remained flat at ₹33.67 crore.

Financial Performance

The company’s revenue growth was driven by increased sales of finished goods and services. However, total expenses as a percentage of revenue rose to 39.1% from 33.3% in the prior year, primarily due to higher material costs which climbed to 20.7% of revenue from 16.5%.

Strategic Developments

Management highlighted several strategic initiatives during the year:

• Joint Venture: The Board approved a 50:50 joint venture with Electronic Recyclers International, Inc. (ERI), USA, to expand e-waste recycling operations in India using advanced technology.
• Critical Minerals: The company is evaluating a proposed ₹100 crore Critical Minerals Recovery Project to extract lithium, cobalt, nickel, and precious metals from e-waste and battery waste.
• Capacity Expansion: Processing capacity was expanded to 31,200 metric tonnes per annum (MTPA), including new lithium-ion battery handling capabilities.

What the Numbers Show

The company maintained a debt-free balance sheet with cash and cash equivalents surging to ₹131.42 crore from ₹22.27 crore in the previous year. This significant liquidity build-up supports the planned capital expenditure for the critical minerals facility and the new joint venture without requiring external debt financing.

Corporate Actions

The record date for the final dividend has been fixed as September 18, 2026. Shareholders holding shares on this date will be eligible for the payout, subject to approval at the AGM. The meeting will also transact business regarding the re-appointment of Mr. Shashank Soni as a director and the appointment of CS Vaishali Vaishnav as Secretarial Auditor.

Eco Recycling and ERI USA formally unveiled their strategic partnership initiative, ERI India, in Tokyo on August 31, 2026. The announcement took place before an audience of more than 800 participants from the global recycling community, alongside senior government officials and representatives from the Embassies of India, Japan, and the United States.

The launch marks a significant milestone in the companies' earlier disclosed plans to establish a joint venture focused on circular resource recovery. By combining ERI's global expertise in IT Asset Disposition (ITAD) and material recovery with Eco Recycling's Indian infrastructure and operating experience, the initiative aims to create a technology-driven platform for responsible e-waste recycling.

Strategic Objectives

The partnership seeks to move beyond conventional waste management by focusing on the preservation and recovery of material wealth embedded in end-of-life electronics. ERI India will leverage complementary strengths to address the growing volumes of discarded electrical and electronic equipment through advanced technologies and international standards.

Key capabilities being integrated include:

• ERI: Global experience in ITAD, data security systems, material recovery practices, and internationally developed operating standards.
• Eco Recycling: Indian infrastructure, regulatory understanding, regional networks, and over two decades of experience in the local recycling ecosystem.

Leadership Commentary

B. K. Soni, Chairman and Managing Director of Eco Recycling, emphasized the broader significance of the collaboration. He stated that the partnership represents an opportunity to recover material wealth scientifically and responsibly, noting that once material is lost, it is lost forever. Soni highlighted the role of the recycling community as treasurers of material wealth above ground, aiming to put recovered resources back into productive use.

John Shegerian, Chairman and CEO of ERI, expressed pleasure in unveiling ERI India alongside Soni. He described India as an extraordinary opportunity to combine world-class ITAD and technology reuse practices with the country's growing recycling ecosystem. Shegerian noted the shared objective is to create a transparent, responsible, and technology-driven circular model.

Industry Context

The initiative reflects a broader shift in the global recycling industry towards recognizing end-of-life electronics as a source of secondary materials and strategic resources rather than merely a waste-management challenge. As countries increasingly focus on resource security, critical minerals, and resilient supply chains, the partners believe India has the potential to become an important global hub for responsible technology reuse and material recovery.

Ecoreco continues to make appropriate disclosures regarding further developments in accordance with applicable regulatory requirements.