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

Warrants convertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹78.30

prior close

₹77.90

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.2% vs market

Trading - Metals peers, median of 5sector+2.2%-2.4% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 2.4 pts less than its Trading - Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.2+0.1-0.2+2.2-2.4

Next day

-1.0+0.5-1.5+2.1-3.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Trading - Metals peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.