Eco Recycling Ltd (530643)

At its 32nd AGM, Eco Recycling highlighted its strategic shift from basic e-waste recycling to high-value critical mineral recovery and IT Asset Disposition (ITAD). The company cited FY26 total income of ~₹53 crore, PBT of ₹31.50 crore, and a cash surplus of ~₹13 crore while maintaining a virtually debt-free balance sheet. Ecoreco confirmed a proposed 50:50 joint venture (ERI India) with Electronic Recyclers International, USA, initiated on August 31, 2026, to capture the growing ITAD and DPDP-driven data protection market. Additionally, company shares were admitted to trade on the NSE effective August 17, 2026.

• Proposed 50:50 joint venture 'ERI India' planned with Electronic Recyclers International, USA (groundwork laid August 31, 2026)
• Reported FY26 total income of approximately ₹53 crore with PBT of ₹31.50 crore and ~₹13 crore cash surplus
• Targeting government's Critical Mineral Recycling initiative with an overall outlay of approximately ₹1,500 crore
• Company shares admitted to trade on the National Stock Exchange (NSE) effective August 17, 2026

Eco Recycling Limited (Ecoreco) formally unveiled its strategic partnership initiative 'ERI India' with US-based ERI on August 31, 2026, in Tokyo. The initiative combines ERI's global IT Asset Disposition (ITAD), data security, and material recovery capabilities with Ecoreco's Indian operational network and recycling infrastructure. ERI currently processes over 1 billion pounds of e-waste annually across 8 certified US locations. While the event marks a milestone, specific equity ownership structures, capex commitments, and commercial terms were not disclosed.

• Formally announced the establishment of 'ERI India' on August 31, 2026, in Tokyo before 800+ international participants.
• Partner ERI operates across 8 US certified facilities with an annual processing capacity of over 1 billion pounds of e-waste.
• Collaboration focuses on high-margin IT Asset Disposition (ITAD), secure data destruction, and critical material recovery in India.
• Financial commitments, revenue-sharing models, and corporate structure details were not disclosed in the filing.

Eco Recycling reported Q1 FY27 revenue of Rs 19.13 crore, which represents approximately 40% of its total FY26 revenue (Rs 48 crore) in a single quarter. The company is strategically pivoting from conventional e-waste recycling to 'Urban Mining' and critical mineral recovery, targeting materials like lithium from spent batteries. This shift aligns with the Indian government's new ₹1,500 crore Incentive Scheme for Critical Mineral Recycling. With a high Q1 EBITDA margin of 63%, the company aims to leverage its existing infrastructure for higher-value resource recovery.

• Q1 FY27 Revenue reached Rs 19.13 crore, nearly 40% of the total FY26 revenue of Rs 48 crore.
• Profit After Tax (PAT) for the quarter stood at Rs 9.17 crore with an EPS of Rs 4.49.
• Company is positioning to participate in the Government's ₹1,500 crore Incentive Scheme for Critical Mineral Recycling.
• Operating efficiency remains high with a Q1 EBITDA of Rs 12.06 crore, reflecting a 63% margin.
• Strategic focus expanded to include advanced material separation and technology partnerships for lithium-ion battery recycling.

Eco Recycling Ltd reported a profitable Q1 FY27 with a Total Comprehensive Income of Rs 9.17 Cr, up from Rs 8.55 Cr in the year-ago period. The Board recommended a final dividend of Rs 1.00 per share (10% of Face Value) for FY26, with the record date set for September 18, 2026. Additionally, the company appointed M/s J R Kaanase & Associates as Internal Auditor for FY 2026-27 following the resignation of the previous auditor. The company also noted the allotment of 3,00,000 warrants to promoters at Rs 411 per share, indicating continued promoter commitment.

• Reported Q1 FY27 Basic & Diluted EPS of Rs 4.49, an increase from Rs 4.04 in Q1 FY26
• Recommended a final dividend of Rs 1.00 per equity share (10% of Face Value)
• Fixed September 18, 2026, as the Record Date for dividend eligibility
• Allotted 3,00,000 warrants to promoters at an issue price of Rs 411 per warrant
• Total Comprehensive Income for the quarter ended June 30, 2026, stood at Rs 9.17 Cr

Eco Recycling reported a consolidated net profit of Rs 9.17 cr for Q1 FY27, marking a 13.3% YoY increase from Rs 8.09 cr. Sequentially, the company saw a strong 28.4% profit growth compared to the Rs 7.14 cr reported in the March 2026 quarter. The board has recommended a final dividend of Rs 1 per share (10% of face value) for FY26. Additionally, the company is raising Rs 12.33 cr through the issuance of 3,00,000 warrants to promoters at Rs 411 per warrant, representing a significant capital infusion of approximately 11.2% of its current net worth.

• Consolidated net profit rose to Rs 9.17 cr in Q1 FY27 from Rs 8.09 cr in the year-ago period.
• Basic and Diluted EPS improved to Rs 4.49 from Rs 4.04 on a YoY basis.
• Recommended a final dividend of Rs 1 per equity share with a record date of September 18, 2026.
• Allotted 3,00,000 warrants to promoters at Rs 411 per warrant, totaling Rs 12.33 cr.
• Appointed M/s J R Kaanase & Associates as Internal Auditors following the resignation of the previous firm.

Eco Recycling Ltd reported a consolidated net profit (controlling interest) of ₹8.67 crore for Q1 FY27, an 11.1% increase from ₹7.80 crore in the same quarter last year. The Board has recommended a final dividend of ₹1 per share (10% of face value) for FY26, with a record date of September 18, 2026. Additionally, the company is issuing 3,00,000 warrants to promoters at ₹411 per warrant, totaling approximately ₹12.33 crore. A new internal auditor, M/s J R Kaanase & Associates, has been appointed following the resignation of the previous firm.

• Consolidated net profit for Q1 FY27 rose to ₹8.67 crore versus ₹7.80 crore in Q1 FY26.
• Basic and Diluted EPS increased to ₹4.49 from ₹4.04 in the year-ago period.
• Recommended a final dividend of ₹1 per equity share (10% of face value).
• Allotted 3,00,000 warrants to promoters at an issue price of ₹411 per warrant.
• Appointed M/s J R Kaanase & Associates as Internal Auditor for FY 2026-27.

Eco Recycling reported a strong start to FY27 with a consolidated net profit of ₹9.17 Cr for the June 2026 quarter, a 13.3% increase over the ₹8.09 Cr reported in the same period last year. Sequentially, the performance was even stronger, with profit growing 28.4% from ₹7.14 Cr in the March 2026 quarter. The company recommended a final dividend of ₹1 per share (10% of face value) and confirmed the allotment of 3,00,000 warrants to promoters at ₹411 per share, which is a slight discount to the current market price of ₹498.4.

• Consolidated Net Profit reached ₹9.17 Cr in Q1 FY27 vs ₹8.09 Cr in Q1 FY26
• Basic EPS improved to ₹4.49 from ₹4.04 in the year-ago quarter
• Final dividend of ₹1 per equity share recommended with a record date of September 18, 2026
• Allotment of 3,00,000 warrants to promoters at an issue price of ₹411 per warrant
• Appointment of M/s J R Kaanase & Associates as Internal Auditor following the resignation of the previous firm

Eco Recycling Ltd (ECORECO) has approved the formation of a 50:50 Joint Venture (JV) with US-based Electronic Recyclers International (ERI). The JV will focus on IT Asset Disposition (ITAD), secure data destruction, and circular economy solutions in India. The Board has approved the final execution text of the Shareholders' Agreement (SHA) and Operating Agreement. The new entity will be governed by a 4-member board with equal representation from both partners.

• Formation of a 50:50 Joint Venture company in India with Electronic Recyclers International, Inc. (ERI), USA
• Board composition set at 4 directors, with 2 representatives from each partner
• Focus areas include IT Asset Disposition (ITAD), resource recovery, and secure data destruction
• Definitive agreements (SHA and Operating Agreement) approved by the Board on July 20, 2026
• Board meeting concluded within 60 minutes (11:00 AM to 12:00 Noon)

Eco Recycling Ltd has scheduled a board meeting on July 20, 2026, to approve a 50:50 Joint Venture (JV) with Electronic Recyclers International (ERI), a leading US-based e-waste recycler. The JV will focus on IT Asset Disposition (ITAD), data destruction, and circular economy solutions in India. This formalizes a long-standing relationship where Ecoreco previously serviced ERI's global clients. While initial investment figures are not yet disclosed, the JV will be a separate legal entity with equal management participation.

• Board meeting scheduled for July 20, 2026, to approve the 50:50 Joint Venture with ERI, USA.
• The JV will be incorporated as a separate legal entity in India with equal equity participation.
• Focus areas include IT Asset Disposition (ITAD), resource recovery, and secure data destruction.
• The partnership leverages ERI's global technology and Ecoreco's existing Indian infrastructure.
• Trading window remains closed from July 1, 2026, until 48 hours after quarterly results.