Eco Recycling Announces Rs 1 Dividend, Rs 100 Crore Strategic Project

Profit After Tax (Consolidated) reached Rs 22.90 crore, with a proposed dividend of Rs 1 per share.

Reader Takeaway: Dividend payout and US joint venture show growth, but capital-intensive mineral project execution remains a monitorable variable.

What just happened

Eco Recycling Ltd has scheduled its 32nd Annual General Meeting for September 28, 2026. The board declared a final dividend of Rs 1 per share (10% face value) for the fiscal year 2025-26. Key corporate actions include a strategic shift toward resource recovery through a Rs 100 crore critical minerals project and a 50:50 joint venture with ERI, USA. Additionally, the company is moving to acquire the remaining 21.74% stake in its subsidiary, Ecoreco Park Private Limited, to achieve full ownership.

Why this matters

The company’s pivot from standard recycling to high-value critical mineral recovery—targeting lithium, nickel, cobalt, and copper—signals an intent to capture higher margins in the circular economy. The partnership with ERI, a global leader in e-waste, provides technical backing for this expansion. A debt-free balance sheet supports these capital-intensive initiatives.

What changes now

Promoters have been allotted 3,00,000 convertible warrants at Rs 411 per share, indicating management's commitment to funding future growth. Shareholders should mark September 18, 2026, as the record date for the dividend entitlement.

What to track next

The execution timeline for the Rs 100 crore critical minerals facility and regulatory approvals for the ERI joint venture will be the primary drivers of future value creation. Investors should also monitor the conversion of warrants and the final integration of Ecoreco Park as a wholly-owned subsidiary.