Nupur Recyclers Limited has informed the Exchange regarding Board meeting held on July 02, 2025 for Allotment of Equity Shares upon Conversion of Warrants on Preferential Basis
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Awaiting price reaction for this filing.
Nupur Recyclers Limited has allotted 4,30,000 equity shares at ₹91 each (including ₹81 premium) upon conversion of warrants on a preferential basis. The company received ₹2.93 crore from 5 allottees (3 promoters/promoter group and 2 non-promoters) representing 75% of the issue price per warrant. Promoter Rajesh Gupta converted all his 2,00,000 warrants and now holds 32.73% of the company post-conversion. After this allotment, the total paid-up equity share capital stands at ₹6.91 crore consisting of 6,90,68,995 equity shares of ₹10 each.
This is a positive signal as promoters and select investors are exercising their warrants, bringing in fresh capital (₹2.93 crore in this tranche). Promoter Rajesh Gupta's full conversion shows confidence in the company. However, 76,70,000 warrants remain pending conversion, which means potential future dilution. Shareholders may see mild dilution but also capital infusion.