Jain Resource Recycling enters into Joint Venture with C&Y Group
Jain Resource Recycling partners with C&Y Group to establish a recycling facility in Ahmedabad, with C&Y supplying scrap materials and JAINREC holding a majority stake.
The joint venture is likely to expand the company's footprint in the recycling industry and enhance its value chain, but the financial impact will depend on the success of the venture.
The announcement highlights a strategic joint venture that is expected to drive long-term growth and sustainability, aligning with environmental responsibility and industrial innovation.
* Jain Resource Recycling Limited (JAINREC) has entered into a Joint Venture Agreement with C&Y Group Investments, Inc. on October 22, 2025. * The joint venture aims to establish and operate a recycling and manufacturing facility in Ahmedabad, Gujarat, focusing on recycling various scrap materials. * C&Y Group will supply the Joint Venture Company with a guaranteed annual quantity of various scrap materials at competitive prices. * JAINREC will hold 52% of the shares in the Joint Venture Company, while C&Y Group Investments, Inc. will hold 45%. The remaining 3% will be allotted to employees as sweat equity shares. * The initial paid-up share capital of the Joint Venture Company will be ₹10 crore, potentially increasing to ₹60 crore based on funding requirements.
What to do with a filing like this
Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. 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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See the model portfoliosA plain-language summary of a public exchange filing by Jain Resource Recycling Limited. Read the original for the full detail.