Nupur Recyclers Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
Nupur Recyclers' board met on August 12, 2025 and approved unaudited Q1 FY26 results along with three key governance items. The company appointed M/s V Khaitan & Associates as Internal Auditors and M/s Ravi Sahni & Co. as Cost Auditors for FY 2025-26, while re-appointing Mr. Kapal Kumar Vohra (former RBI Executive Director) as Independent Director for a second 5-year term ending August 27, 2030. On the financials, consolidated revenue from operations jumped to Rs. 5,096.50 lakhs (up ~43% YoY), but profit after tax fell to Rs. 404.45 lakhs (down ~20% YoY), with EPS at Rs. 0.52 versus Rs. 0.65 last year. Standalone performance was weaker, with profit after tax declining sharply to Rs. 110.60 lakhs from Rs. 299.25 lakhs YoY, indicating margin pressure at the parent level despite strong top-line growth.
Mixed signals for shareholders — strong revenue growth on consolidation but profitability has compressed, which may weigh on the stock in the short term. The re-appointment of a high-credibility independent director (ex-RBI) is a positive governance signal, while the new auditor appointments are routine and neutral.