Eco Recycling Limited has secured in-principle approval from BSE to issue 3,00,000 warrants to promoters on a preferential basis. The warrants, priced at Rs. 411 each, are convertible into 3,00,000 equity shares of Rs. 10 each, potentially strengthening the promoter's stake in the company. This regulatory green light, granted on June 9, 2026, allows the company to proceed with the allotment process subject to compliance with SEBI regulations.

Key Details of the Warrant Issuance

The approval follows an application submitted by Eco Recycling under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key parameters of the approved issuance:

Compliance and Conditions

The BSE has stipulated strict conditions for the issuance. The company must ensure that the issue and allotment comply with the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Specifically, Eco Recycling is required to strengthen internal controls to monitor trades executed by the proposed allottees to prevent non-compliance regarding intra-day trading or sales prior to the allotment date.

Furthermore, the company must obtain an undertaking from the allottees confirming they will not engage in prohibited trading activities. Upon allotment, Eco Recycling is required to submit a listing application within twenty days to the recognized stock exchanges. Failure to comply with these timelines may result in penalties and impact the listing of the resultant shares.

Eco Recycling Limited has been empanelled by the Ministry of Mines and the Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) for interactions and industry participation regarding critical minerals and recycling ecosystem development. The company announced this development on May 29, 2026, highlighting the strategic opportunities presented by the QUAD Critical Minerals Initiative and India's focus on critical mineral security. This empanelment positions the company to contribute to policy initiatives aimed at supporting domestic capabilities in recycling, refining, and circular economy solutions.

The QUAD nations—India, the United States, Japan, and Australia—have established a coordinated framework to strengthen critical mineral supply chains, covering mining, processing, and recycling. The primary objective is to reduce import dependence and build resilient supply ecosystems. India has accelerated its policy initiatives to support these goals through various governmental efforts.

Eco Recycling believes its over two decades of experience in e-waste management, asset recovery, reverse logistics, and sustainable recycling practices will be instrumental in urban mining and recycling electronic waste and lithium-ion battery waste. The company is evaluating opportunities in the critical minerals recovery value chain, including the extraction of strategic materials from electronic waste, battery waste, and allied recyclable streams, alongside its technology and business associates globally.

The company clarified that as of May 29, 2026, no definitive commercial contract, financial commitment, or material order has been finalised under these initiatives. Eco Recycling stated that any material development concluded in the future would be disclosed to the stock exchanges in accordance with applicable regulatory requirements.

Key Entities Involved

The following table outlines the key entities and their respective roles in this initiative: