Key Approval Details

  • Date of Approval: June 9, 2026
  • Approving Authority: BSE Limited
  • Reference Number: LOD/PREF/PB/FIP/332/2026-27
  • Security Type: 3,00,000 warrants convertible into equity shares
  • Conversion Terms: Each warrant convertible into one equity share of ₹10 face value
  • Issue Price: Not less than ₹411 per warrant
  • Allottees: Promoters of the company
  • Regulatory Basis: Preferential issue under Chapter V of SEBI (ICDR) Regulations, 2018

Financial and Capital Structure Impact

  • Potential equity dilution: 3,00,000 shares upon full conversion
  • Total potential capital increase: ₹30,00,000 (face value)
  • Total consideration: Minimum ₹12,33,00,000 (300,000 warrants × ₹411)

Regulatory Requirements and Conditions

  • Company must ensure compliance with Companies Act, 2013, SCRA, SEBI Act, Depositories Act, and all relevant rules and regulations
  • Must obtain all statutory approvals required for the issue
  • Company must strengthen internal controls to monitor trades by proposed allottees
  • Must obtain undertaking from allottees confirming they will not do intra-day trading or sell shares until allotment date
  • Responsibility for verification and compliance rests solely with the issuer company
  • Any non-compliance may impact listing of shares

Post-Allotment Requirements

  • Must make listing application without delay with applicable fees under Regulation 14 of LODR Regulations
  • Listing application must be made within twenty days from date of allotment as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Non-compliance with 20-day deadline will attract fines as specified in SEBI circular

Approval Validity and Limitations

  • Approval does not constitute approval for listing of securities
  • Exchange reserves right to withdraw approval if information is found incomplete, incorrect, misleading, false, or in violation of any regulations
  • Approval valid as per relevant applicable provisions

Additional Information

  • Disclosure made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026
  • Disclosure will be hosted on company's website: https://ecoreco.com/
  • Signed by Arvindra Parmar, Company Secretary & Compliance Officer (ACS: 71706)