Eco Recycling Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/04/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 of ....
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Eco Recycling Ltd has informed BSE that its Board of Directors will meet on Friday, April 3, 2026 to consider raising funds by issuing equity shares or other securities to the promoters on a preferential basis, or through any other permitted capital raising route under the Companies Act, 2013 and SEBI ICDR Regulations. The board will also finalise the shareholder notice required to seek approval for this fundraise. The trading window for designated persons and their relatives has been closed from April 1, 2026, ahead of the meeting. No specific amount, price, or number of shares has been disclosed yet — these details are expected to come after the board decision.
This points to a potential equity dilution event for existing retail shareholders if the preferential allotment goes through, though the issue is to promoters which may be viewed as a sign of promoter confidence. Watch for the post-meeting announcement on issue size and price for a clearer picture of the impact on share value.