Urban Enviro Waste Management Limited Receives In-Principle Approval for Issuance of Equity Shares

Urban Enviro Waste Management Limited Receives In-Principle Approval for Issuance of Equity Shares​

Urban Enviro Waste Management Limited (formerly known as NAGPUR WASTE HANDLING PVT LTD) has received in-principle approval from the National Stock Exchange of India Limited (NSE) for the issuance of equity shares.

The approval relates to 32,00,000 equity shares of Rs. 10/- each. These shares will be issued pursuant to the conversion of warrants on a Preferential basis.

NSE granted the in-principle approval for the said issue vide reference NSE/LIST/54201 on May 6, 2026.

The issuance of these equity shares is subject to several conditions stipulated by the Exchange. The company must ensure compliance with regulatory guidelines and complete the following requirements:

• Filing the listing application at the earliest from the date of allotment.
• Receiving statutory and other approvals and complying with guidelines and regulations issued by statutory authorities, including SEBI, RBI, and MCA.
• Compliance with all applicable guidelines and regulations of the Exchange or any statutory authorities as of the date of the listing application.
• Compliance with all conditions under the SEBI (LODR) Regulations, 2015, the Companies Act, 1956 / Companies Act, 2013, and other applicable laws.
• Submission of documents and payment of applicable fees as required by the NSE.

In addition, the Exchange advised the company to strengthen internal controls to monitor trades executed by the proposed allottees. To mitigate non-compliances, the company was advised to obtain an undertaking from the allottees confirming they will not engage in intra-day trading or any sale of the company's scrip until the allotment date of the security, in accordance with SEBI (ICDR) Regulations.

The company is Urban Enviro Waste Management Limited, which has the NSE symbol URBAN and an ISIN of INE0O0201019.

URBAN Stock Price Movement​

As of 1:08 PM, shares of Urban Enviro Waste Management Limited are slipping by 6.08% in live trading, currently at ₹147.5. The stock has seen 41,600 shares transacted today, contributing to the notable intraday decline.