Eco Recycling Limited has scheduled a Board of Directors meeting on Monday, July 20, 2026, at 11:00 A.M. at the company's Registered Office. The meeting will consider, discuss, and approve several strategic and corporate agendas.
The primary agenda items include:
1. Strategic Corporate Alliance (JV): Consideration and approval of a proposal to form a 50:50 Joint Venture Company in India with Electronic Recyclers International, Inc. (ERI), USA. This is subject to applicable statutory and regulatory approvals.
2. Definitive Agreements: Consideration and approval of the final execution text of the Shareholders Agreement (SHA) and Operating Agreement for the proposed Joint Venture entity.
Background and Strategic Rationale
Eco Recycling Limited and Electronic Recyclers International, Inc. (ERI), USA have agreed in principle to establish the Joint Venture after extensive commercial, legal, and operational discussions. The JV will pursue opportunities in:
- IT Asset Disposition (ITAD)
- Enterprise recycling
- Circular economy solutions
- Resource recovery
- Secure data destruction
- Allied services
The companies have an existing partnership history, with Eco Recycling having previously serviced ERI's global customers in India. The Shareholders' Agreement and Operating Agreement have been finalized and define the governance framework, operational structure, and respective rights and obligations.
JV Structure and Operations
The Joint Venture will be incorporated as a separate legal entity in India with equal equity participation by both partners. The governance framework provides for equal participation of both shareholders in management and strategic direction. Operational activities will be undertaken through the newly incorporated company, with liabilities, compliance obligations, and business risks ringfenced at the JV level.
The JV will leverage ERI's international expertise, customer relationships, technology, operational standards, and global best practices, combined with Eco Recycling's established infrastructure, regulatory experience, operational capabilities, and market presence in India.
Strategic Benefits
The Joint Venture is expected to:
- Strengthen Eco Recycling's international presence
- Enhance ability to serve multinational customers operating in India
- Facilitate adoption of globally recognized operational standards
- Expand capabilities in ITAD and enterprise services
- Create opportunities for business growth across emerging circular economy sectors
- Generate sustainable long-term value for shareholders
Financial Implications & Governance
The initial investment in the Joint Venture Company will be made in accordance with the Shareholders' Agreement provisions. Any subsequent capital contributions will be governed by the Shareholders' Agreement terms and applicable laws.
None of the Directors, Key Managerial Personnel (KMP) of the Company, or their relatives are concerned or interested, financially or otherwise, in this resolution, except to the extent of their directorship or shareholding in the Company.
Trading Window Closure
As per previous disclosure dated June 19, 2026, the Trading Window for dealing in the company's securities remains closed from July 1, 2026, until 48 hours after the declaration of the upcoming quarterly financial results.