Meeting Details

  • NSE Symbol: NRL
  • Type of Meeting: Extra-ordinary General Meeting (EGM)
  • Date: Friday, July 10, 2026
  • Time: 04:00 PM to 04:27 PM (IST)
  • Location: Conducted through Video Conferencing at Plot No. 5, G/F, KH No. 12/8 & 12/9KH-12, Arjun Gali New Mandoli Industrial Area Near Shri Ram Bal Bharti Public School North East DL 110093 IN
  • Cut-off Date: Friday, July 03, 2026 (for determining shareholder entitlement to vote)

Proposed Resolutions and Implications

The EGM considered and voted on eight resolutions:

1. Special Resolution: To Consider and Approve the Alteration in the Objects Clause of the Company

2. Special Resolution: To Approve the remuneration payable to Mr. Rajesh Gupta, Managing Director of the Company

3. Ordinary Resolution: To approve continuation of directorship of the Existing Directors serving on the Board of the Company for Five Years or More

4. Ordinary Resolution: Approval for material related party transaction(s) between the company and Frank Metals Recyclers Limited (formerly known as Frank Metals Recyclers Private Limited)

5. Ordinary Resolution: Approval for Material Related Party Transaction(s) between the Company and Tycod Autotech Private Limited

6. Ordinary Resolution: Approval for Material Related Party Transaction(s) between the Company and Nupur Extrusion Private Limited

7. Ordinary Resolution: Approval for Material Related Party Transaction(s) between Frank Metals Recyclers Limited and M/s Tycod Autotech Private Limited

8. Ordinary Resolution: Approval for Material Related Party Transaction(s) between Frank Metals Recyclers Limited and M/s Nupur Extrusion Private Limited

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL).

  • Remote e-Voting Period: From 09:00 A.M. on Tuesday, July 07, 2026 to 05:00 P.M. on Thursday, July 09, 2026
  • Agency: National Securities Depository Limited (NSDL)
  • Meeting Voting: The facility for e-voting during the EGM was provided, but no members exercised this option. Accordingly, no votes were cast during the EGM itself.
  • Scrutinizer: Mr. Arun Goel, Proprietor of Arun Goel & Associates, Practicing Company Secretaries, was appointed by the Board of Directors on May 21, 2026, to scrutinize the e-voting process.

Key Voting Outcomes

Overall Participation

  • Total Shareholders on Record Date: 19,264
  • Shareholders Present in Meeting: 49 (7 Promoters/Promoter Group, 42 Public)
  • Members Voting via Remote e-Voting: 68
  • Total Shares Voted: 50,981,340

Resolution-wise Results

Resolution 1: Alteration in Objects Clause (Special Resolution)
  • Voted In Favor: 65 members (50,981,238 shares | 99.9998%)
  • Voted Against: 3 members (102 shares | 0.0002%)
  • Invalid Votes: 0
  • Result: PASSED with requisite majority (votes in favor not less than three times votes against)
Resolution 2: Remuneration to Mr. Rajesh Gupta (Special Resolution)
  • Voted In Favor: 55 members (138,908 shares | 97.0496%)
  • Voted Against: 6 members (4,223 shares | 2.9504%)
  • Invalid Votes: 1 member (50,838,209 shares | Not Applicable)
  • Result: PASSED with requisite majority
Resolution 3: Continuation of Directorship (Ordinary Resolution)
  • Voted In Favor: Not explicitly stated in summary table, but overall result shows 99.9917% in favor
  • Voted Against: 5 members (4,220 shares | 0.0083%)
  • Invalid Votes: 0
  • Result: PASSED with requisite majority (votes in favor not less than two times votes against)
Resolution 4: RPT with Frank Metals (Ordinary Resolution)
  • Voted In Favor: 57 members (138,917 shares | 97.0558%)
  • Voted Against: 4 members (4,214 shares | 2.9442%)
  • Invalid Votes: 7 members (50,838,209 shares | Not Applicable - promoter votes treated as invalid per SEBI Regulation 23)
  • Result: PASSED with requisite majority
Resolution 5: RPT with Tycod Autotech (Ordinary Resolution)
  • Voted In Favor: 57 members (138,917 shares | 97.0558%)
  • Voted Against: 4 members (4,214 shares | 2.9442%)
  • Invalid Votes: 7 members (50,838,209 shares | Not Applicable - promoter votes treated as invalid per SEBI Regulation 23)
  • Result: PASSED with requisite majority
Resolution 6: RPT with Nupur Extrusion (Ordinary Resolution)
  • Voted In Favor: 58 members (143,029 shares | 99.9287%)
  • Voted Against: 3 members (102 shares | 0.0713%)
  • Invalid Votes: 7 members (50,838,209 shares | Not Applicable - promoter votes treated as invalid per SEBI Regulation 23)
  • Result: PASSED with requisite majority
Resolution 7: RPT between Frank Metals and Tycod Autotech (Ordinary Resolution)
  • Voted In Favor: 57 members (138,917 shares | 97.0558%)
  • Voted Against: 4 members (4,214 shares | 2.9442%)
  • Invalid Votes: 7 members (50,838,209 shares | Not Applicable - promoter votes treated as invalid per SEBI Regulation 23)
  • Result: PASSED with requisite majority
Resolution 8: RPT between Frank Metals and Nupur Extrusion (Ordinary Resolution)
  • Voted In Favor: 57 members (138,917 shares | 97.0558%)
  • Voted Against: 4 members (4,214 shares | 2.9442%)
  • Invalid Votes: 7 members (50,838,209 shares | Not Applicable - promoter votes treated as invalid per SEBI Regulation 23)
  • Result: PASSED with requisite majority

Scrutinizer's Role and Findings

Mr. Arun Goel (Membership Number: F10105) of Arun Goel & Associates was appointed as Scrutinizer. His responsibilities included:

  • Unblocking the remote e-voting results after the EGM conclusion in the presence of two witnesses not employed by the company
  • Downloading details of shareholders who voted for or against from NSDL's e-voting website
  • Submitting the Scrutinizer's Report for votes cast in favor or against the resolutions

The scrutinizer confirmed that all eight resolutions were passed with the requisite majority as required under the Companies Act, 2013.

Compliance with Laws and Regulations

The report confirms compliance with:

  • Section 108 & 109 of the Companies Act, 2013
  • Rules 20 & 21 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Regulation 23 of SEBI LODR for related party transactions (promoter votes treated as invalid)

Additional Information

  • The notice of EGM was dispatched by electronic means on June 17, 2026, to 19,437 shareholders who had registered their email-ids
  • The relevant records relating to electronic voting will remain in the scrutinizer's safe custody until the Chairman approves and signs the minutes of EGM, after which they will be handed over to the Company Secretary/Director authorized by the Board
  • The results have been uploaded on the Company's website (www.nupurrecyclers.com) and on the website of National Securities Depository Limited