Eco Recycling Ltd Receives In-Principle Approval from BSE for Promoter Warrant Issue
Eco Recycling Ltd has received in-principle approval from BSE Limited regarding a planned preferential issue of warrants convertible into equity shares to its promoters.The approval permits the company to issue and allot 3,00,000 warrants. These warrants are set to be convertible into 3,00,000 equity shares at a price not less than Rs. 411/- each. The preferential basis issuance is targeted towards the promoters of the company.
The approval details outline the structure and conditions for this capital event. Eco Recycling Ltd was granted the in-principle approval by BSE Limited on June 9, 2026.
Key details of the approved allotment are summarized below:
| Feature | Details |
|---|---|
| Type of Security | Warrants convertible into equity shares |
| Number of Securities | 3,00,000 |
| Conversion Price (Equity) | Rs. 10/- per share |
| Minimum Conversion Price | Not less than Rs. 411/- |
| Allotment Basis | Preferential basis to promoters |
Stock Price Movement
As of 14:57, Eco Recycling Ltd. is ticking down slightly in live trading, currently valued at ₹425.45 after dropping by 1.24%. The shares have seen considerable movement throughout the day, ranging between an intraday low of ₹418.15 and a high of ₹428.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.