Nupur Recyclers Limited has informed the Exchange about General Updates
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Nupur Recyclers Limited (NRL) has signed a Share Purchase Agreement to acquire a 51% stake in Tycod Autotech Private Limited, taking it over as a going concern. The acquisition includes Tycod's land, buildings, plant and machinery, other fixed assets, stock, current assets, and current liabilities. Dickey Mudra Fund, a scheme of Dickey Alternative Investment Trust, is a party to the agreement alongside Tycod. The transaction is not a related-party deal, and NRL currently holds no shares in Tycod. No special rights, nominee director arrangements, or conflict of interest disclosures have been flagged.
This is a strategic acquisition that expands NRL's business by adding Tycod Autotech's operations and assets to its portfolio. Shareholders should monitor how this acquisition integrates and contributes to revenue, though deal value and financials have not been disclosed in this filing.