Nupur Recyclers Limited — JV/Acquisition, 25-07-2025: Acquisition

Nupur Recyclers (NRL) has acquired a 51% stake in M/s Tycod Autotech Private Limited for an approximate enterprise value of ₹24 Cr. This strategic acquisition signifies NRL's forward integration, diversifying its business into auto components manufacturing. Tycod Autotech serves prominent clients like Tata Motors and Sundaram Fasteners, and reported a provisional turnover of ₹30.44 Cr in FY25. This move aims to enhance NRL's product portfolio, create a more sustainable business model, and deliver long-term value to shareholders. It's a key step in expanding NRL's market presence.