This document is a business update and strategic communication from Eco Recycling Limited (Ecoreco) addressed to BSE Limited, following the announcement of its unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).

The company reported strong operational foundations for Q1 FY27 with the following consolidated financial figures:

  • Revenue: ₹19.13 crore
  • EBITDA: ₹12.06 crore
  • Profit Before Tax (PBT): ₹11.40 crore
  • Profit After Tax (PAT): ₹9.17 crore
  • Earnings Per Share (EPS): ₹4.49

The update outlines the company's strategic evolution from conventional e-waste recycling towards becoming an integrated circular resource recovery platform, with a specific focus on higher-value Urban Mining and critical mineral recovery.

This strategic shift is directly aligned with a significant new government policy initiative, the National Critical Mineral Mission (NCMM). The Government of India has recognized recycling from secondary resources as a key component of the country's critical mineral security. A specific ₹1,500 crore 'Incentive Scheme for Promotion of Critical Mineral Recycling' has been introduced, which covers secondary resources including e-waste and spent lithium-ion batteries. The scheme provides support for new capacity, expansion, modernization, and diversification of existing facilities.

In response, Ecoreco is evaluating specific opportunities to integrate critical mineral recovery into its existing platform, including:

  • Recovery of critical and strategic minerals from e-waste and spent lithium-ion batteries.
  • Advanced material separation and concentration.
  • Technology partnerships for extraction, separation, and refining.
  • Expansion and modernization of existing recycling capabilities.
  • Strategic partnerships and potential investments in critical-mineral processing.
  • Development of long-term feedstock arrangements.
  • Development of downstream offtake relationships with industrial consumers.

The company states its intention to pursue these opportunities in a disciplined and capital-efficient manner, leveraging its existing infrastructure. The long-term vision is to evolve into an integrated circular resource recovery platform. The management commits to keeping stock exchanges and shareholders informed of any material developments in accordance with applicable regulatory requirements.

The communication concludes with a standard forward-looking statement disclaimer, noting that the opportunities discussed are subject to risks including technology, feedstock availability, regulatory approvals, market conditions, capital requirements, and commercial viability.