we enclosed herewith the Corrigendum (First) to the Notice of Postal Ballot dated April 03, 2026, and Corrigendum dated April 22, 2026. This Corrigendum is being issued to inform the members ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eco Recycling Ltd has issued a corrigendum to its postal ballot notice to rectify the pricing of a preferential issue of convertible warrants from Rs. 408 to Rs. 411 per warrant, as directed by BSE under Regulation 164 of SEBI (ICDR) Regulations. The company will issue up to 3 lakh warrants convertible into equity shares at Rs. 411 each, totaling Rs. 12.33 crore, to three promoter/promoter group entities. Each warrant holder must pay 25% (Rs. 102.75) upfront and 75% (Rs. 308.25) upon exercise within 18 months. The funds will be used for purchasing land and building (Rs. 5 crore), acquiring technology for critical minerals recovery from e-waste (Rs. 5 crore), and general corporate purposes (Rs. 2.33 crore). E-voting on this corrigendum runs from May 7-9, 2026.
This is a promoter-funded capital raise that will dilute existing shareholders by up to 3 lakh shares upon warrant conversion. The price correction from Rs. 408 to Rs. 411 ensures regulatory compliance. The capital will fund expansion in e-waste processing capabilities and land acquisition for the company's growth in the circular economy space.