The Board considered and approved the following items:

1. Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and are prepared in accordance with Indian Accounting Standards (Ind AS).

2. Limited Review Report

The Board took note of the Limited Review Report issued by the statutory auditors, M/s. DMKH & Co., Chartered Accountants (Firm Reg. No. 116886W), on both the standalone and consolidated financial results. The auditors' report, signed by partner CA Anant Nyatee (Membership No.: 447848), stated that nothing came to their attention to believe the results contain any material misstatement.

3. Dividend Recommendation

The Board recommended a final dividend at the rate of 10% (₹1 per equity share) on the paid-up equity share capital of the company. This dividend is subject to approval by shareholders at the 32nd Annual General Meeting (AGM). If confirmed, the dividend will be payable to shareholders whose names appear in the Register of Members as of the record date, Friday, September 18, 2026.

4. Annual General Meeting (AGM) Details

The Board decided the date, time, and mode of the 32nd AGM and approved the draft notice convening the meeting:

  • Day & Date: Monday, September 28, 2026
  • Time: 11:00 AM (IST)
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Deemed Venue: The Registered Office of the Company

Relevant dates for the AGM and dividend:

  • Record Date (Dividend Eligibility): September 18, 2026
  • Cut-off Date (Voting Eligibility): September 10, 2026
  • Remote E-Voting Opens: September 24, 2026 at 09:00 AM

5. Appointment of Internal Auditor

The Board considered and approved the appointment of M/s J R Kaanase & Associates (Firm Reg. No. 130258W), Chartered Accountants, as the Internal Auditor of the Company for FY 2026-27. This appointment fills the casual vacancy created by the resignation of the previous internal auditor, M/s LJ Kothari & Co (FRN: 105313W), who resigned effective June 30, 2026, due to preoccupation with other professional commitments elsewhere.

The new internal auditor, M/s J R Kaanase & Associates, is not related to any director or KMP of the company. The firm has over 15 years of experience in practice, specializing in Income Tax Audit, GST Audit, and other statutory audits. The remuneration will be mutually determined by the Board of Directors and the internal auditor.

Financial Highlights (Standalone)

(Rs. in Lacs, except EPS)

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from Operations: ₹1,619
  • Other Income: ₹28
  • Total Income: ₹1,646
  • Total Expenses: ₹768
  • Profit Before Tax: ₹879
  • Tax Expense: ₹200 (Current Tax: ₹200, Deferred Tax: ₹(8))
  • Net Profit for the Period: ₹687
  • Earnings Per Share (EPS): Not explicitly stated in the results table

Comparative Figures

  • Quarter Ended March 31, 2026 (Audited): Net Profit ₹933
  • Quarter Ended June 30, 2025 (Unaudited): Net Profit ₹671
  • Year Ended March 31, 2026 (Audited): Net Profit ₹2,376

Notes to Financial Results

  • The company operates in a single business segment of E-waste Management.
  • Finance cost of ₹8 lacs relates to lease liability only; the company has no financial borrowings.
  • The company allotted 3,00,000 warrants to the promoter at an issue price of ₹411 per warrant, each convertible into one equity share upon full payment.
  • No investor complaints were pending at the beginning or end of the quarter. No complaints were received or resolved during the quarter.

Consolidated Financial Results

The consolidated results include the following entities:

1. Eco Recycling Limited (Holding Company)

2. Ecoreco Enviro Education Private Limited (Subsidiary)

3. Ecoreco Park Private Limited (Subsidiary)

The interim financial results of the subsidiaries are unaudited:

  • Ecoreco Enviro Education Private Limited: Total assets ₹34.28 lakhs, net profit ₹0.06 lakhs for the quarter.
  • Ecoreco Park Private Limited: Total assets ₹937.80 lakhs, net profit ₹230.03 lakhs for the quarter.

The consolidated statement was also reviewed by the statutory auditors, who issued a limited review report with the same conclusion as for the standalone results.