Nupur Recyclers Limited (NRL) — Board Meeting

📢 Key Event
EGM convened to approve MOA amendment and MD remuneration hike

🔄 What Changed
Remuneration of Managing Director increased from ₹3,00,000 to ₹8,00,000 monthly; material RPTs approved up to ₹235 Crore

🔮 What's Next
None

💡 Investor Takeaway
Shareholders must approve the MD's remuneration increase and related party transactions, which may impact financials and governance but require member approval under SEBI regulations.

Nupur Recyclers Limited convened an Extraordinary General Meeting on July 10, 2026, to seek shareholder approval for key resolutions including amendment of its Memorandum of Association to enhance operational flexibility and an increase in Managing Director Rajesh Gupta's monthly remuneration from ₹3,00,000 to ₹8,00,000 effective April 1, 2026. The meeting, conducted via video conferencing with e-voting through NSDL (cut-off July 3, voting July 7-9), also covered approvals for material related party transactions totaling up to ₹235 Crore with Frank Metals Recyclers Limited and ₹135 Crore with TYCOD Autotech Private Limited, alongside procedural details for shareholder participation and compliance with SEBI and Companies Act requirements.

📄 View Original Announcement (PDF)

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