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:

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.