This Recycling Stock With 428% 5-Year Returns Forms 50:50 Joint Venture With US-Based E-Waste Giant

Eco Recycling Ltd has approved the formation of a 50:50 joint venture with Electronic Recyclers International, Inc. (ERI), USA, to expand its presence in IT Asset Disposition (ITAD), enterprise recycling and circular economy solutions. The proposed joint venture will establish a new company in India focused on secure data destruction, electronic waste recycling and resource recovery, subject to statutory and regulatory approvals.

The partnership brings together Eco Recycling's expertise in India's electronic waste management industry with ERI's global experience in IT asset disposition and electronics recycling. The company said the collaboration is aimed at addressing the growing demand for responsible e-waste recycling and sustainable resource management across enterprise customers.

Eco Recycling Approves 50:50 Joint Venture With ERI

According to the company's board approval, the proposed joint venture will be incorporated in India with an equal equity participation between Eco Recycling and Electronic Recyclers International (ERI), USA. Both partners will jointly invest in the new entity, which will focus on providing IT Asset Disposition (ITAD) services, enterprise recycling, material recovery and secure destruction of digital storage devices.

The board also approved the execution of definitive agreements, including a Shareholders' Agreement (SHA) and an Operating Agreement, which will govern the ownership structure, operational framework and rights of both partners.

Joint Venture Details

Particular	Details
Joint Venture Structure	50:50 Partnership
Partner	Electronic Recyclers International (ERI), USA
Business Focus	IT Asset Disposition (ITAD), Enterprise Recycling, Circular Economy Solutions
Operations	Resource Recovery, Secure Data Destruction
Location	India

Governance Structure of the New Entity

The proposed joint venture will operate under a balanced governance framework, with a four-member Board of Directors comprising two directors nominated by Eco Recycling and two directors nominated by ERI.

The equal board representation is intended to ensure joint oversight of strategic decisions, operational management and future business expansion while maintaining equal participation by both partners.

Governance Structure

Particular	Details
Board Size	4 Directors
Eco Recycling Nominees	2 Directors
ERI Nominees	2 Directors
Key Agreements	Shareholders' Agreement (SHA), Operating Agreement

Focus on IT Asset Disposition and Circular Economy

The joint venture will primarily focus on IT Asset Disposition (ITAD) services, enabling businesses to securely dispose of obsolete IT equipment while ensuring responsible recycling and recovery of valuable materials.

The company said the partnership will also support enterprise recycling, resource recovery, secure data destruction and broader circular economy initiatives, helping organisations manage electronic waste in line with sustainability and regulatory requirements.

Demand for professional IT asset disposition services has increased as businesses replace ageing technology infrastructure while facing stricter data security and environmental compliance requirements.

Regulatory Approvals Pending

The proposed joint venture remains subject to the necessary statutory and regulatory approvals before commercial operations begin.

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the applicable provisions of the SEBI Master Circular governing material corporate disclosures.

Historical Share Price Performance

Eco Recycling has delivered strong long-term returns despite recent market volatility.

Historical Stock Returns

Period	Return
1 Day	+3.47%
5 Days	+6.51%
1 Month	+17.11%
6 Months	+12.21%
1 Year	-16.65%
5 Years	+428.33%

Company Overview

Eco Recycling Ltd (Ecoreco) is one of India's leading electronic waste management companies, providing services across e-waste recycling, IT asset disposition, data destruction, asset recovery and resource recycling. The company works with enterprises, government organisations and institutions to support responsible disposal of electronic equipment and promote circular economy practices.

1. What has Eco Recycling announced?

Eco Recycling has approved a 50:50 joint venture with Electronic Recyclers International (ERI), USA, to establish a new company in India focused on IT Asset Disposition (ITAD), enterprise recycling and circular economy solutions.

2. What is the purpose of the Eco Recycling-ERI joint venture?

The joint venture aims to provide IT asset disposition, secure data destruction, enterprise recycling, resource recovery and sustainable electronic waste management solutions for businesses in India.

3. How will the joint venture be structured?

The new company will be incorporated as a 50:50 joint venture, with equal equity participation and a four-member board, including two directors each from Eco Recycling and ERI.

4. Is the Eco Recycling joint venture operational?

No. The joint venture has received board approval but remains subject to statutory and regulatory approvals before commercial operations can begin.

5. Who is Electronic Recyclers International (ERI)?

Electronic Recyclers International (ERI) is a US-based company specialising in IT Asset Disposition (ITAD), electronics recycling, secure data destruction and circular economy solutions.