Divyadhan Recycling Industries Announces Warrants Issuance, Office Shift to Uttar Pradesh, and New Board Appointments
Divyadhan Recycling Industries Limited, formerly known as Divyadhan Recycling Industries Private Limited, announced several key corporate developments following its Board of Directors meeting held on April 22, 2026. The company approved a major preferential allotment of warrants and confirmed changes to its management and operational structure, including a planned shift of its registered office.Preferential Allotment of Warrants
The Board approved the issuance of up to 36,80,000 warrants convertible into fully paid-up Equity Shares of the Company. Each warrant carries a face value of ₹ 10.00 and is priced at ₹ 27.00. This price includes a premium of ₹ 17.00 per warrant.The total aggregate value of the proposed issue is up to ₹ 9,93,60,000. The funds generated through this preferential issue are earmarked for the Company, and a separate bank account is proposed to be opened specifically for this purpose.
The proposed allottees are categorized as Promoter/Promoter-group and Public investors. The total allotment details are presented below:
| Investor Name | Category | Number of Warrants Proposed | Amount (Lakhs) |
|---|---|---|---|
| Ankita Pratik Gupta | Promoter & Promoter Group | 3,70,000 | 99.9 |
| Alka Navinkumar Jain | Promoter & Promoter Group | 3,70,000 | 99.9 |
| Vinod Kumar Gupta | Promoter & Promoter Group | 7,40,000 | 199.8 |
| OmAggarwal | Public | 10,00,000 | 270.0 |
| Pankaj Kumar | Public | 24,000 | 6.48 |
| Longview Research and Advisory Services Private Limited | Public | 6,46,000 | 174.42 |
| Bhoopendra Gupta | Public | 30,000 | 8.1 |
| Yashika Capital Finvest Private Limited | Public | 5,00,000 | 135.0 |
| Total | 36,80,000 | 993.6 |
The company confirmed that the proposed allottees have not sold or transferred any shares in the 90 trading days preceding the relevant date.
Governance and Operational Changes
The Board approved several appointments to strengthen corporate governance:- Statutory Auditor: M/s MAPSS & Co. was approved for appointment as the Statutory Auditor, filling the casual vacancy left by M/s Amarnath Sharma & Co. The tenure of this appointment is subject to the shareholders' approval at the ensuing AGM, covering the Financial Year 2026-27.
- Secretarial Auditor: M/s VS Associates, a Peer Reviewed Firm, was approved as the Secretarial Auditor, replacing M/S Ainesh Jethwa & Associates. This appointment also holds until the conclusion of the ensuing AGM for F.Y. 2026-27.
- Company Secretary: Mr. Sanjay Kandpal was appointed as the Whole-time Company Secretary and Compliance Officer, effective April 22, 2026.
Shifting of Registered Office
The Board also approved the shifting of the Company’s registered office from Maharashtra to Uttar Pradesh. The previous registered office address was 1803, Lodha Supremus, Saki Vihar Road, Opp. Telephone Exchange, Powai Mumbai, Maharashtra - 400072. The new registered office will be located at Ground floor -01, C125A, Block C, Phase 1, Gautam Buddha Nagar, Noida Uttar Pradesh - 201301.Shareholder Meetings and Scrutiny
In conjunction with these developments, the Board decided to convene an Extraordinary General Meeting (EGM) on Friday, May 15, 2026, at 3:00 PM via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The cut-off date for determining shareholder eligibility to vote at this EGM has been set as May 08, 2026.Furthermore, Ms. Arpana Nassa, Practicing Company Secretary and Partner at M/S VS Associates, was appointed as the Scrutinizer for the EGM.
The Board of Directors utilized the meeting time from 11:00 A.M. to 05:00 P.M.
DIVYADHAN Stock Price Movement
Today, Divyadhan Recycling Industries Limited shares edged higher to close at ₹37.6, gaining 4.88% in post-market trading. The stock saw notable activity today, completing the session with 6,000 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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