Nupur Recyclers Limited has informed the Exchange about Acquisition
NRL · price
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Nupur Recyclers Limited (NRL) has approved acquiring a 51% stake (51,000 shares at Rs. 10 per share) in Tycod Autotech Private Limited, an auto component manufacturer that supplies to Tata Motors, Sundaram Fasteners, Multitech Auto, and Interpump Hydraulics. The total enterprise value of the deal, including takeover of land, building, plant & machinery, stock, and current assets/liabilities, is approximately Rs. 2,400 lakhs (around Rs. 24 crore), paid in cash. Tycod's turnover has grown sharply from Rs. 720.94 lakhs in FY23 to Rs. 2,225.87 lakhs in FY24, and Rs. 3,044.21 lakhs (provisional) in FY25. The acquisition is described as a forward integration move to diversify and create a sustainable business model. The deal is not a related party transaction and is expected to complete within 4 months of the share purchase agreement.
This acquisition marks NRL's entry into auto component manufacturing, diversifying away from its core recycling business. The fast-growing target (turnover up ~4x in two years) and marquee clients like Tata Motors could boost future revenues, though shareholders should watch for execution risk and integration challenges given the sizeable Rs. 24 crore outlay relative to NRL's scale.