Eco Recycling Ltd — Important, 22-06-2026: Company Update

Eco Recycling Limited has announced that its Board approved a preferential allotment of 3,00,000 fully convertible share warrants to its promoters. Priced at Rs. 411 per warrant, this totals Rs. 12.33 Cr in potential capital. The company received Rs. 3.08 Cr upfront as 25% payment. Each warrant converts into one equity share within 18 months upon paying the balance 75%. Failure to convert will result in the forfeiture of the upfront amount. This strategic move indicates strong promoter confidence and commitment, providing the company with future funding flexibility for operations.