Corporate Action9 Jun 2026, 02:40 pm
Eco Recycling Gets BSE In-Principle Approval for Preferential Issue
AI Summary
Eco Recycling Ltd has received in-principle approval from BSE Limited for the preferential issue of 3,00,000 warrants convertible into equity shares. The issue is priced at a minimum of Rs. 411 per share and is intended for promoters. The company has been advised by BSE to strengthen internal controls and obtain undertakings from allottees to prevent intra-day trading and ensure compliance with SEBI regulations.
Key Highlights
- BSE grants in-principle approval for preferential issue of warrants.
- Issue involves 3,00,000 warrants convertible to equity shares.
- Warrants to be issued to promoters at a minimum price of Rs. 411.
- Company advised to enhance internal controls and obtain undertakings.
Price Impact
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