NRLNSENupur Recyclers LimitedLowNeutral
Announced Thu, 21 May · 18:56 IST

Nupur Recyclers Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

NRL · price

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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹52.20
prior close
₹53.45
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AI summary

Nupur Recyclers Limited reported strong FY2026 results with consolidated revenue growing 36% to Rs 21,594 Lacs and standalone PAT rising 16% to Rs 814 Lacs. The Board approved amendments to the Object Clause of MOA to expand into battery materials (Lithium, LFP Batteries), mineral resources, and financial lending activities. Additionally, the company proposed listing its equity shares on BSE (in addition to existing NSE listing), subject to shareholder and regulatory approvals. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements.

Likely market impact

The expansion into battery recycling and minerals aligns with EV/sustainability trends, while dual-listing on BSE could improve liquidity and broaden investor reach. Revenue growth is strong though PAT growth is modest due to higher expenses and finance costs.