1. Rights issue fully subscribed - The 1:2 rights issue at ₹160 per share (₹80 paid on application) closed with a total issue size of ₹45.3 cr, of which ₹22.6 cr was receivable on application. The fresh equity funds the e-waste plant, Dubai working capital, and the quick-commerce subsidiary without adding debt to a balance sheet that already carries 12.85x interest coverage.
2. E-waste recycling plant in Rajasthan - Land has been allotted in the RIICO Industrial Area (Plot D-50, Tholai, 99-year lease) for a recycling unit that will generate EPR credits for sale to producers, with ₹9.06 cr of rights-issue proceeds earmarked. EPR credits create a regulatory-linked revenue stream separate from the core re-commerce business, and the plant is fully company-owned with no collaborator.
3. Dubai subsidiary appointed Eureka Forbes GCC partner - Rocking Deals General Trading L.L.C. was formally appointed as an authorised representative and trading partner for Eureka Forbes Ltd. across GCC online and offline markets in October 2025. This converts the Dubai entity from a planned vehicle into an operating business with a named, established brand, giving immediate sourcing and sales volume.
4. Dubai-Amazon shelf-life agreement - The Dubai subsidiary signed a strategic agreement with Amazon in November 2025 to manage and repurpose products with less than 30% shelf life remaining in the UAE. The Amazon relationship, already proven in India for certified refurbished goods, now extends to a second geography and a new inventory category, widening the Dubai revenue base.
5. GRENEW FZE 50:50 e-waste partnership - Through its Dubai subsidiary, RDCEL signed a partnership with GRENEW FZE (Sharjah) to source and supply e-waste and surplus inventory, while GRENEW handles sorting, refurbishment, and recycling using a 10,000 sqm facility capable of 50,000 metric tons per year. The partner’s parent has assets of \~AED 55 mn, giving RDCEL access to processing capacity and profit-sharing without funding the plant itself.
6. Quick-commerce subsidiary operational - Sustainquest Private Limited started commercial operations in June 2025 as an Alpha Seller on Blinkit, Zepto, and Flipkart, buying inventory from brands like Jivo and selling through rapid-delivery channels. The subsidiary opens a high-frequency B2C channel that can absorb the same excess-inventory sourcing pipeline and shift the revenue mix toward the targeted 80% B2C share.
7. Northeast warehouse driving 30-35% turnover target - The 10,000 sq. ft. Guwahati warehouse, operational since September 2024 with a ₹2.5 cr investment, was expected to contribute 30-35% of overall turnover that year from Northeast operations. A single hub generating a third of revenue validates the regional-warehouse model ahead of the planned South and West India hubs.
8. Brand pipeline of 20-plus tie-ups - Management reports a robust pipeline of over 20 potential brand partnerships, adding to an existing roster that includes Bajaj Electricals, Skechers, Whirlpool, Livpure, Puma, FabIndia, and Wipro. Each new brand expands the sourcing funnel for excess and open-box inventory, which is the raw material for every channel the company operates.