Jain Resource Recycling Approves FY26 Results, Appoints Auditors, and Plans New Plant
Jain Resource Recycling Limited approved audited standalone and consolidated financial results for FY26. The company appointed new joint internal auditors and a cost auditor for FY27. Mr. Bibhu Kalyan Rauta resigned as Company Secretary, effective June 20, 2026. A new plastic recycling plant with ₹15 crore capex is planned, operational by Q3 FY27.
The approval of financial results, appointment of auditors, and a resignation are routine corporate actions. However, the planned capex for a new plastic recycling facility indicates future growth and operational expansion, which could have a medium-term impact on the company's business.
The announcement details financial results, auditor appointments, a resignation, and future capex plans. While the financial results and capex are forward-looking, the resignation introduces a neutral element, balancing out any significant positive or negative impact.
Jain Resource Recycling Limited (formerly Jain Resource Recycling Private Limited) announced the outcome of its Board Meeting held on May 18, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
The company also appointed M/s. SKK & Co. and M/s. RKVT and Co. as Joint Internal Auditors for the financial year 2026-27. Additionally, Mr. B. Venkateswar was appointed as the Cost Auditor for the same financial year.
In terms of personnel changes, the Board accepted the resignation of Mr. Bibhu Kalyan Rauta, Company Secretary, Compliance Officer, and Key Managerial Personnel, effective June 20, 2026, due to personal commitments.
Furthermore, the company plans to establish a new Plastic Recycling Facility with an estimated capital expenditure of ₹15 crores, expected to be operational by the third quarter of FY27.
The Board Meeting commenced at 11:30 AM IST and concluded at 02:15 PM IST.
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Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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