The Board in its meeting held on April 27, 2026 has considered and approved the acquisition of remaining stake of M/s Ecoreco Park Private Limited, a Subsidiary to make wholly owned subsidiary ....
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Eco Recycling Ltd's Board has approved acquisition of the remaining 21.74% stake in its subsidiary Ecoreco Park Private Limited (EPPL) for Rs. 193.25 Lacs (Rs. 38.65 per share) in cash. The valuation was determined by registered valuer Mr. Dinesh Kumar Deora. EPPL, incorporated in 2013, is engaged in developing recycling parks and industrial parks for warehousing, recycling, refurbishing, and refining activities. The transaction qualifies as a related party transaction at arm's length basis, with the acquisition expected to complete within 6 months. This consolidation gives Eco Recycling complete ownership and control over EPPL's circular economy park development plans.
This acquisition strengthens Eco Recycling's control over its subsidiary focused on circular economy infrastructure, consolidating ownership to support long-term growth and infrastructure development plans.