Eco Recycling Limited shareholders approved all five resolutions at its 32nd Annual General Meeting, including the declaration of a final dividend for FY26 and the re-appointment of Shashank Soni as a director.

The meeting, held on September 28, 2026, via video conferencing, saw members adopt both standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. The voting results were submitted to BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting outcomes and key approvals

The scrutinizer’s report confirmed that each resolution passed with a substantial majority. Notably, public non-institutional shareholders showed slight dissent on the director re-appointment, casting 231 votes against compared to 200 against the financial statements and dividend declarations.

What the numbers show

The voting data reveals a distinct pattern in shareholder sentiment across different agenda items. While the financial statements and dividend declaration faced only 200 dissenting votes from public non-institutional holders, the re-appointment of Shashank Soni attracted 231 opposing votes. This 31-vote increase in dissent suggests specific concerns among retail investors regarding the director’s role, even though the promoter group voted unanimously in favor of all resolutions. The total votes polled amounted to 14,155,072, representing 73.35% of the company's outstanding shares.

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.