Jain Resource Recycling Board Approves Q3 FY26 Results, Strategic Acquisition
Jain Resource Recycling's Board approved Q3 FY26 standalone and consolidated results. Remuneration for MD Kamlesh Jain was approved. Ms. Mahima Jain appointed as Additional Director in a subsidiary. The company will acquire 25% of Abraj Al Khaleej, Kuwait, for up to US$ 3 million, expected within 3 months.
The acquisition of a foreign entity and key management appointments are material events that can significantly impact the company's future operations and growth strategy.
The approval of financial results, strategic acquisition, and director appointments are positive developments for the company.
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. The company also approved the remuneration payable to Mr. Kamlesh Jain, Managing Director, subject to shareholder approval.
Further, the Board approved the appointment of Ms. Mahima Jain as Additional Director (Non-Executive - Woman Director) of its subsidiary, Jain Green Technologies Private Limited. Additionally, the appointment of Mr. Atul Pareek as Whole-Time Director of Jain CY Circular Private Limited, another subsidiary, was approved, including his remuneration, subject to shareholder approval.
A significant strategic move was the approval of acquiring 25% of the equity shares of M/s. Abraj Al Khaleej, Kuwait, for an amount not exceeding US$ 3 million. This acquisition is expected to take approximately 3 months and aims to expand the company's presence in the Middle-East, leveraging the target company's expertise in separating and sorting metallic waste and recycling batteries.
Separately, the Board and Audit Committee meetings were adjourned regarding the Monitoring Agency Report, as it was not received by the meeting date. The adjourned meetings are scheduled for February 13, 2026, to review this report, provided it is received.
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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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