Reappointment of Mr. B K Soni Managing Director of the Company
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Eco Recycling Ltd announced the reappointment of Mr. Brijkishor Soni (DIN 01274250) as Managing Director for a 5-year term from September 1, 2025 to August 31, 2030, subject to shareholder approval at the 31st AGM. The company confirmed he is not debarred by SEBI. Mr. Soni, a qualified Cost Accountant, is the husband of Whole-time Director Mrs. Aruna Soni and father of Whole-time Director & CFO Mr. Shashank Soni. Along with this, the board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results: standalone revenue from operations fell to Rs. 924 lakh (vs Rs. 1,140 lakh in Q1 FY25), while standalone net profit was Rs. 671 lakh (EPS Rs. 3.48). Consolidated net profit was Rs. 809 lakh (EPS Rs. 4.19). An insurance claim of Rs. 4.25 crore is pending, with Rs. 1.66 crore still to be received upon restoration of fixed assets.
Continuity in leadership is positive for stability, as the founder-promoter MD gets a fresh 5-year term. However, core operating revenue declined about 19% year-on-year, though net profit stayed largely flat due to higher other income. Family-controlled board composition remains unchanged. No financial borrowings on the books.