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

Nupur Recyclers has announced a board meeting approving the conversion of 4.3 lakh warrants into equity shares at ₹91 each, raising ₹2.93 Cr. The allottees include promoters and non-promoters, fully paying 75% of the issue price now. Post conversion, the company’s equity capital increases to ₹69.07 Cr with 6.91 crore shares outstanding. Warrants worth 76.7 lakh remain pending conversion, entitling holders to convert within 18 months. This infusion strengthens the promoter holding while supporting future capital raising flexibility.