Jain Resource Recycling Approves Q3 FY26 Results, Strategic Acquisitions & Director Appointments
Jain Resource Recycling approved Q3 FY26 results. Approved remuneration for MD Kamlesh Jain and proposed Whole-Time Director Atul Pareek. Appointed Mahima Jain as Additional Director in subsidiary Jain Green Technologies. Approved acquisition of 25% stake in Abraj Al Khaleej, Kuwait for up to US$3 million, expected in 3 months.
The approvals for remuneration, director appointments, and a significant overseas acquisition have a material impact on the company's strategic direction and governance.
The company reported its financial results, approved key appointments, and made a strategic acquisition, indicating positive business development.
Jain Resource Recycling Limited announced the outcome of its Board Meeting held on February 09, 2026. The Board approved the un-audited standalone and consolidated financial results for the quarter ended December 31, 2025.
Key decisions included the approval of remuneration for Mr. Kamlesh Jain, Managing Director, subject to shareholder approval. The Board also approved the appointment of Ms. Mahima Jain as Additional Director (Non-Executive - Woman Director) of its subsidiary, Jain Green Technologies Private Limited, effective February 09, 2026. Additionally, the company approved the remuneration for Mr. Atul Pareek in connection with his proposed appointment as Whole-Time Director of Jain CY Circular Private Limited, a subsidiary, subject to shareholder approval.
Furthermore, the company approved a strategic proposal to acquire 25% of the equity shares of Abraj Al Khaleej, Kuwait, a company in the business of separating and sorting metallic waste and recycling batteries. This acquisition, expected to be completed within 3 months, aims to expand the company's presence in the Middle East with a consideration not exceeding US$ 3 million.
The Board Meeting and Audit Committee Meeting were adjourned to February 13, 2026, to consider the Monitoring Agency Report, which was not received by the meeting date. The Board Meeting commenced at 11:00 AM IST and concluded at 02:50 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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