ECORECO
Eco Recycling Ltd
NSE BSELast Traded Price
₹393.5
-11.3 (-2.79%)
Open
₹407.25
High
₹409.85
Low
₹391
Prev Close
₹404.8
Industry
Waste Management
Market Cap
763.67 Cr
Filing History
Recent corporate announcements and filings for 530643
Financials
Neutral
2026-11-04 12:22
Q2 FY27 Consolidated Revenue ₹16.42Cr vs ₹14.42Cr (▲14% YoY)
EBITDA ₹9.27Cr vs ₹7.19Cr (▲29% YoY)
PAT ₹7.49Cr vs ₹5.60Cr (▲34% YoY)
EBITDA Margin 56.5% vs 49.9% (▲660bps)
Financials
Positive
2026-11-04 12:16
Q2 FY27 Consolidated Revenue ₹16.42Cr vs ₹14.42Cr (▲13.9% YoY)
EBITDA ₹9.27Cr vs ₹7.19Cr (▲28.9% YoY)
PAT ₹7.49Cr vs ₹5.60Cr (▲33.8% YoY)
EBITDA Margin 56.5% vs 49.9% (▲660bps)
Business Update
Positive
2026-10-28 17:56
- Eco Recycling Limited has incorporated a 50:50 Joint Venture company named 'ERI India Private Limited' with Electronic Recyclers International, Inc. (ERI), USA.
- The Certificate of Incorporation was received from the Ministry of Corporate Affairs on October 28, 2026.
- The JV will operate in electronic waste (e-waste) management, material recovery, and sustainable recycling.
- Both parent entities subscribed to 50,000 equity shares each of Rs. 10 each, aggregating to Rs. 5 Lakh each.
Business Update
Positive
2026-10-28 17:44
- Eco Recycling Limited has incorporated a 50:50 joint venture company named 'ERI India Private Limited'.
- Certificate of Incorporation was received from the Ministry of Corporate Affairs on October 28, 2026.
- The joint venture is formed with Electronic Recyclers International, Inc. (ERI), USA.
- Authorized Share Capital is ₹1 Crore; both partners subscribed to 50,000 equity shares of ₹10 each, aggregating to ₹5 Lakh each.
- The entity will operate in electronic waste (e-waste) management, material recovery, and sustainable recycling.
Business Update
Positive
2026-10-28 17:27
- Eco Recycling Ltd has incorporated a 50:50 joint venture company named ERI India Private Limited in partnership with Electronic Recyclers International, Inc. (USA).
- Certificate of Incorporation was received from the Ministry of Corporate Affairs on October 28, 2026.
- The joint venture operates in the e-waste management, material recovery, and sustainable recycling industry.
- Both parent companies subscribed to 50,000 equity shares of ₹10 each, aggregating to ₹5 Lakh each in cash consideration.
Governance
Neutral
2026-10-28 12:01
- Board Meeting rescheduled from November 03, 2026, to Wednesday, November 04, 2026.
- Agenda includes consideration and approval of Un-audited Financial Results for the quarter and half-year ended September 30, 2026.
- Trading window remains closed until 48 hours after results declaration.
Governance
Neutral
2026-10-27 16:13
- Board meeting scheduled on Tuesday, November 03, 2026.
- To consider and approve Unaudited Financial Results for the quarter and half year ended September 30, 2026.
- To consider and approve the Limited Review Report.
Business Update
Positive
2026-10-19 09:33
- Eco Recycling Limited issued a press release highlighting India's emerging urban mining opportunity in light of new European e-waste data.
- The company notes EU collected 12.3 kg of e-waste per person in 2024, whereas India's annual e-waste generation is estimated by NITI Aayog at ~6.19 million metric tonnes.
- Emphasizes the need for robust collection networks, formal processing, and effective Extended Producer Responsibility (EPR) implementation in India.
- Reaffirms the company's commitment to exploring long-term opportunities in secure IT asset disposition and resource recovery.
Governance
Neutral
2026-09-29 19:50
- Eco Recycling Ltd successfully conducted its 32nd Annual General Meeting (AGM) on September 28, 2026, via Video Conferencing.
- All 5 resolutions regarding the adoption of standalone and consolidated financial statements, declaration of final dividend, re-appointment of director Mr. Shashank Soni, and appointment of Secretarial Auditor were passed with the requisite majority.
- The voting results and consolidated scrutinizer's report were submitted pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015.
Governance
Positive
2026-09-29 18:58
- Eco Recycling Ltd held its 32nd Annual General Meeting (AGM) on September 28, 2026, through video conferencing.
- All five resolutions, including the adoption of standalone and consolidated financial statements, declaration of final dividend, re-appointment of Mr. Shashank Soni, and appointment of CS Vaishali Vaishnav as Secretarial Auditor, were passed with the requisite majority.
Governance
Positive
2026-09-28 17:04
- FY26 Total Income reached ~₹53 Cr with PBT of ₹31.50 Cr; company remains debt-free
- Formed 50:50 JV (ERI India) with Electronic Recyclers International, USA on August 31, 2026
- Expanding into critical mineral recovery and IT Asset Disposition
- Equity shares admitted to trade on NSE w.e.f. August 17, 2026
Governance
Neutral
2026-09-28 16:32
- Eco Recycling Ltd informed about the appointment of PCS Vaishali Vaishnav as the Secretarial Auditor of the Company.
- The appointment was approved by shareholders at the 32nd Annual General Meeting (AGM) held on September 28, 2026.
- Appointed for a fixed term of 5 consecutive financial years from FY 2025-26 to FY 2029-30.
Governance
Positive
2026-09-28 16:00
- Eco Recycling Limited held its 32nd Annual General Meeting (AGM) on September 28, 2026, via Video Conferencing.
- Shareholders considered and adopted the audited standalone and consolidated financial statements for FY 2025-26 and approved a final dividend.
- Key developments discussed included a proposed 50:50 joint venture with Electronic Recyclers International, USA ('ERI India Private Limited') and the company's stocks being permitted to trade on NSE.
Routine
Neutral
2026-09-21 16:50
- Trading window closed from October 1, 2026.
- Closure is for designated persons ahead of unaudited financial results for the quarter ended September 30, 2026.
- It will reopen 48 hours after results declaration.
Financials
Positive
2026-09-09 18:13
- Board recommended a final dividend of Re. 1/- per equity share (10% on face value Rs. 10/-) for the financial year ended March 31, 2026.
- The dividend is subject to shareholder approval at the 32nd Annual General Meeting (AGM) scheduled for September 28, 2026.
- The Record Date for determining eligibility for the dividend is Friday, September 18, 2026.
- The company has provided detailed information on Tax Deduction at Source (TDS) / withholding tax on dividend for shareholders.
Financials
Positive
2026-09-04 13:21
- Board recommended a final dividend of Re 1/- per equity share (10% on FV of Rs 10/-) for FY ended March 31, 2026.
- Record Date for determining dividend eligibility is September 18, 2026.
- The 32nd AGM will be held on September 28, 2026, at 11:00 a.m. via video conferencing.
- Cut-off date for remote e-voting is September 21, 2026.
Business Update
Positive
2026-08-31 12:01
- Eco Recycling Limited (Ecoreco) and ERI, USA, formally unveiled "ERI India" in Tokyo, Japan, on August 31, 2026.
- This strategic India-USA partnership aims to transform the e-waste recycling and resource-recovery sector through advanced technologies and global practices.
- The initiative will focus on IT Asset Disposition (ITAD), secure data destruction, refurbishment, and material recovery.
Business Update
Positive
2026-08-13 09:28
- Ecoreco reported Q1 FY27 Consolidated Revenue of ₹19.13 Cr, EBITDA ₹12.06 Cr, PAT ₹9.17 Cr.
- The company is strategically shifting towards critical mineral recovery and Urban Mining, aligning with government initiatives for resource security.
Governance
Neutral
2026-08-11 13:10
- The Board of Directors nominated Mr. Shashank Soni, Director & CFO, as the Nodal Officer for co-ordination with the IEPF Authority.
- This was approved at the board meeting held on August 10, 2026, in compliance with SEBI and Companies Act provisions.
Financials
Positive
2026-08-10 15:55
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹1,619 Lacs vs ₹924 Lacs (▲75.21% YoY)
- EBITDA ₹911 Lacs vs ₹506 Lacs (▲80.04% YoY)
- PAT ₹917 Lacs vs ₹809 Lacs (▲13.35% YoY)
- EBITDA Margin 56.27% vs 54.76% (▲151bps)
- Board recommended a final dividend of 10% (₹1 per equity share) for FY26, subject to shareholder approval.
- The 32nd Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 11:00 AM (IST).
- M/s L J Kothari & Co resigned as Internal Auditor, and M/s J R Kaanase & Associates were appointed for FY 2026-27.
Financials
Positive
2026-08-10 15:48
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹1,619 Lacs vs ₹924 Lacs (▲75.22% YoY)
- EBITDA ₹911 Lacs vs ₹506 Lacs (▲80.04% YoY)
- PAT ₹917 Lacs vs ₹809 Lacs (▲13.35% YoY)
- EBITDA Margin 56.27% vs 54.76% (▲151bps)
- The Board recommended a final dividend of 10% (₹1 per equity share).
- The 32nd Annual General Meeting (AGM) is scheduled for Monday, September 28, 2026, at 11:00 AM (IST) via Video Conferencing.
- The Record Date for dividend eligibility and cut-off date for remote e-voting is Friday, September 18, 2026.
- M/s. L J Kothari & Co. resigned as Internal Auditor, and M/s J R Kaanase & Associates have been appointed as the new Internal Auditor for FY 2026-27.
Financials
Positive
2026-08-10 15:31
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹16.19 Cr vs ₹9.24 Cr (▲75.21% YoY)
- EBITDA ₹9.11 Cr vs ₹5.06 Cr (▲80.04% YoY)
- PAT ₹9.17 Cr vs ₹8.09 Cr (▲13.35% YoY)
- EBITDA Margin 56.27% vs 54.76% (▲151bps)
- Board recommended a final dividend of 10% (₹1 per equity share).
- The 32nd Annual General Meeting (AGM) will be held on Monday, September 28, 2026.
- M/s. L J Kothari & Co resigned as Internal Auditor due to preoccupation; M/s JR Kaanase & Associates appointed for FY2026-27.
Financials
Positive
2026-08-10 14:19
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹16.19 Cr vs ₹9.24 Cr (▲75.22% YoY)
- EBITDA ₹9.11 Cr vs ₹5.06 Cr (▲80.04% YoY)
- PAT ₹9.17 Cr vs ₹8.09 Cr (▲13.35% YoY)
- EBITDA Margin 56.27% vs 54.76% (▲151bps)
- Board recommended a final dividend of 10% (₹1 per equity share) for FY 2025-26.
- 32nd Annual General Meeting (AGM) to be held on Monday, September 28, 2026, at 11:00 AM (IST) via VC/OAVM.
- M/s. L J Kothari & Co resigned as Internal Auditor, and M/s J R Kaanase & Associates was appointed for FY 2026-27.
Governance
Positive
2026-08-04 13:11
- Board Meeting on August 10, 2026, to consider Q1 FY27 results and recommend a final dividend for FY26.
- Agenda also includes AGM approvals and Internal Auditor appointment.
- Trading window remains closed until results declaration.