Nupur Recyclers Limited has informed the Exchange regarding Outcome of Board Meeting held on July 02, 2025 for Allotment of Equity Shares upon Conversion of Warrants on Preferential Basis
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Nupur Recyclers Limited has allotted 4,30,000 equity shares at ₹91 each (including ₹81 premium) following conversion of an equal number of warrants on a preferential basis. The company received ₹2.93 crore from the allottees, representing the balance 75% amount due on conversion. Allottees include promoter Rajesh Gupta (2,00,000 shares), promoter group members Nupur Gupta and Shikha Gupta, and two non-promoter allottees. After this allotment, the company's paid-up equity capital stands increased to ₹6.90 crore comprising 6,90,68,995 shares of ₹10 each. A total of 76,70,000 warrants remain pending for conversion within 18 months from the original September 2024 allotment date.
This is a routine warrant-to-equity conversion that increases the share count by 4,30,000 shares. Promoter Rajesh Gupta's post-conversion holding rises to 32.73%, strengthening promoter control. The share dilution is minimal, so short-term price impact should be negligible, though the remaining 76.7 lakh unconverted warrants could cause further dilution over the next 18 months.