Jain Resource Recycling Approves Q3 FY26 Results, Strategic Acquisitions & Key Appointments
Jain Resource Recycling's Board approved Q3 FY26 results. Key decisions include approving remuneration for MD Mr. Kamlesh Jain and proposed appointment of Mr. Atul Pareek. Ms. Mahima Jain appointed Additional Director in a subsidiary. The company will acquire 25% of Abraj Al Khaleej, Kuwait, for up to US$ 3 million, aiming for Middle-East expansion.
The approval of financial results, along with strategic decisions like an acquisition and key appointments, significantly impacts the company's future operations and market position.
The company reported its financial results, approved key appointments, and announced a strategic acquisition, all indicating positive business developments.
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 approvals included the remuneration for Mr. Kamlesh Jain, Managing Director, subject to shareholder approval. The company also approved the appointment of Ms. Mahima Jain as Additional Director (Non-Executive - Woman Director) in its subsidiary, Jain Green Technologies Private Limited, effective February 09, 2026.
Furthermore, the Board approved the proposed acquisition of 25% of equity shares in M/s. Abraj Al Khaleej, Kuwait Company, a business in the recycling of non-ferrous metals and battery recycling. This strategic investment, expected to be completed within 3 months with a consideration not exceeding US$ 3 million, aims to expand the company's presence in the Middle-East.
The Board also 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.
Separately, the Board and Audit Committee meetings were adjourned to February 13, 2026, to consider the Monitoring Agency Report, as it 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 high impact, which is the band that most often changes something.
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