EGM notice on July 10: business expansion into lithium/battery recycling, 655 Cr related party deals
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Nupur Recyclers EGM on July 10, 2026 (video conferencing) covers 8 items. Key ones: (1) expanding objects clause into battery recycling, lithium, rare earths, critical minerals; (2) revised pay for MD Rajesh Gupta from Apr 1, 2026; (3) continuation of Nupur Gupta as director. Five related party deals need approval totaling 655 Crore (Frank Metals 235 Cr, Tycod Autotech 135 Cr, Nupur Extrusion 130 Cr, plus subsidiary deals of 70 Cr and 85 Cr). E-voting cut-off: July 3, 2026.
Investors should review the new business direction into battery and critical minerals and the large related party transactions before voting on July 10.