Nature of the Event
Eco Recycling Limited (Ecoreco) has formally incorporated a 50:50 joint venture company with Electronic Recyclers International, Inc (ERI), USA. This intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows a previous communication dated July 20, 2026.
Key Quantitative Figures
- Authorized Share Capital of ERI India Private Limited: ₹1,00,00,000 (Rupees One Crore)
- Capital Structure: Divided into 10,00,000 (Ten Lakh) Equity Shares of ₹10 (Rupees Ten) each
- Investment by Each Partner: ₹5,00,000 (Rupees Five Lakh)
- Shares Subscribed by Each Partner: 50,000 equity shares of ₹10 each
Dates of Action
- Date of Incorporation: October 28, 2026
- Date of Certificate of Incorporation Receipt: October 28, 2026
- Date of Disclosure: October 28, 2026
Parties or Entities Involved
- Eco Recycling Limited (Ecoreco) - Indian listed entity
- Electronic Recyclers International, Inc (ERI) - US-based company
- ERI India Private Limited - Newly incorporated joint venture company
- Ministry of Corporate Affairs (MCA), Government of India - Incorporation authority
Purpose or Stated Rationale
The joint venture company will carry on the business of electronic waste (e-waste) management, material recovery, and sustainable recycling anywhere in India or abroad.
Ownership Structure
- Eco Recycling Limited holds 50% shareholding in ERI India Private Limited
- Electronic Recyclers International, Inc holds 50% shareholding in ERI India Private Limited
- The joint venture is structured as a 50:50 partnership
Additional Details
- Country of Incorporation: India
- Industry: Electronic waste (e-waste) management, material recovery, and sustainable recycling
- Nature of Consideration: Cash consideration
- Governmental/Regulatory Approvals: Not required for incorporation
- The disclosure was signed by Arvindra Singh Parmar, Company Secretary & Compliance Officer (ACS: 71706) of Eco Recycling Limited