Nupur Recyclers Signs SPA to Acquire 51% Stake in Tycod Autotech as Going Concern
By HDFC SKY | Published at: Jul 26, 2025 07:24 PM IST
New Delhi, July 26, 2025 – Nupur Recyclers Ltd (NSE: NRL) has formally executed a Share Purchase Agreement (SPA) to acquire a 51% stake in Tycod Autotech Private Limited, marking a strategic expansion into operational assets through a going concern acquisition model.
Transaction Overview
The agreement, signed on July 25, 2025, involves three parties:
- Nupur Recyclers Limited (NRL)
- Dickey Mudra Fund, a scheme of Dickey Alternative Investment Trust
- Tycod Autotech Private Limited
Under the SPA, NRL will acquire a majority 51% stake in Tycod along with:
- Land and Building
- Plant and Machinery
- Other Fixed Assets
- Stock
- Current Assets and Liabilities
Key Terms of the Agreement
| Particulars | Details |
|---|---|
| Stake Acquired | 51% in Tycod Autotech Pvt Ltd |
| Nature of Transaction | Acquisition of a going concern |
| Shareholding Before Transaction | Nil |
| Related Party Transaction | No |
| Rights or Board Appointments | Not applicable beyond acquisition terms |
| Issue of Shares | Not applicable |
The transaction complies with Regulation 30 of SEBI (LODR) Regulations, 2015, and the related circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Strategic Significance
By acquiring Tycod as a running business, NRL gains immediate access to an operational platform complete with fixed assets and working capital infrastructure. The move is likely to enhance NRL’s presence in the recycling and automotive components ecosystem, aligning with its inorganic growth strategy.
About the Company
Nupur Recyclers Ltd (NRL) is a listed company on the NSE, engaged in the import, recycling, and trading of non-ferrous metal scrap. It has diversified interests across environmental sustainability, circular economy initiatives, and e-waste management.
This acquisition signifies NRL’s intent to scale up through strategic asset-based expansion and marks another step in its evolving business model.
REF: https://nsearchives.nseindia.com/corporate/NUPURRECYCLERS_25072025190507_Update_on_SPA_to_stock_exchange.pdf
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