Nupur Recyclers Limited — Board Meeting, 02-07-2025: Outcome of Board Meeting

Nupur Recyclers has announced a board meeting on which it approved the conversion of 4.3 lakh warrants into equity shares at ₹91 each, raising ₹2.93 Cr through this tranche. The warrants were converted by both promoters and non-promoter investors, including Rajesh Gupta and Nupur Gupta. Post allotment, the company's paid-up equity capital stands at ₹69.07 Cr with 6.91 crore shares outstanding. Notably, 76.7 lakh warrants remain pending for conversion, providing potential for further equity dilution down the line. This incremental fundraise supports ongoing business growth while expanding shareholding among key stakeholders.