Nupur Recyclers Limited accepted the resignation of Kapal Kumar Vohra as a Non-Executive Independent Director effective June 22, 2026, due to personal reasons. The resignation was intimated to the National Stock Exchange India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, Mr. Vohra ceased to be the Chairman of the Audit Committee and the Stakeholders Relationship Committee, and a Member of the Nomination and Remuneration Committee of the company from the same date.

In his resignation letter, Mr. Vohra stated that recent professional responsibilities necessitating intensive devotion led to his decision. He confirmed that there are no other material reasons for his resignation beyond those cited. The Board of Directors is set to place on record its appreciation for his guidance and contributions at its upcoming meeting.

Committee Roles and Directorships

Prior to his resignation, Mr. Vohra held significant positions within the company's governance framework. His departure necessitates changes to the composition of key board committees responsible for oversight and stakeholder engagement.

Mr. Vohra also serves as a Non-Executive Independent Director at Bharti Hexacom Limited, where he is a member of the Audit Committee and the Stakeholders' Relationship Committee. The disclosure was provided in compliance with Para A(7B) of Part A of Schedule III of the SEBI Listing Regulations.

Nupur Recyclers Limited has scheduled an Extraordinary General Meeting (EGM) on July 10, 2026, to seek shareholder approval for material related party transactions aggregating ₹655 crore with its subsidiaries. The meeting, to be held via video conferencing, will also consider a special resolution to revise the remuneration of Managing Director Mr. Rajesh Gupta to ₹8,00,000 per month effective from April 1, 2026.

The Board of Directors, at its meeting held on May 21, 2026, approved the proposals to be placed before the shareholders. The company seeks approval for transactions with Frank Metals Recyclers Limited, Tycod Autotech Private Limited, and Nupur Extrusion Private Limited, as well as transactions between the subsidiaries themselves. These approvals are sought pursuant to Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the aggregate value of the proposed transactions exceeds the materiality thresholds.

Material Related Party Transactions

The company has identified specific transaction limits with its related parties for the financial year 2026-27. The approvals cover the sale and purchase of goods, inter-corporate loans, guarantees, and borrowings. The aggregate value of transactions with each party is as follows:

The explanatory statement notes that these transactions are in the ordinary course of business and will be conducted on an arm’s length basis. The Audit Committee reviewed the proposals on May 21, 2026, and provided its recommendation, subject to shareholder approval.

Remuneration Revision and Governance

Shareholders will vote on a special resolution to approve the revision of remuneration for Mr. Rajesh Gupta (DIN: 01941985). The proposed revision increases his monthly remuneration from ₹3,00,000 to ₹8,00,000. The revised remuneration is effective from April 1, 2026, and will remain valid for the remainder of his tenure, which extends up to August 30, 2027. The resolution also includes provisions for payment of remuneration in case of inadequacy of profits.

The EGM agenda includes the approval of the continuation of Ms. Nupur Gupta (DIN: 09305281) as a Non-Executive Director for a further period. Her appointment requires member approval pursuant to Regulation 17(1D) of the SEBI Listing Regulations, as she has completed five years on the Board. Additionally, the company seeks approval to alter the objects clause of its Memorandum of Association to align with present and future business requirements.

Meeting Details

The EGM will be conducted through Video Conferencing / Other Audio-Visual Means (OAVM) on July 10, 2026, at 04:00 P.M. IST. The remote e-voting period is scheduled from July 7, 2026, at 09:00 A.M. to July 9, 2026, at 05:00 P.M. The cut-off date for determining shareholder eligibility is July 3, 2026.