Jain Resource Recycling Limited (JAINREC) Approves MOA Alteration in EGM
Jain Resource Recycling Limited held an EGM on July 30, 2026, to alter its Memorandum of Association. The special resolution to insert a new main object was passed with overwhelming support. Promoters and public shareholders voted in favour, with 284,377,045 votes for and 129 against.
Alteration of the Memorandum of Association is a significant corporate action that can impact the company's future business scope and strategic direction, thus having a medium-term impact.
The resolution to alter the Memorandum of Association was passed with a significant majority, indicating positive shareholder engagement and approval of the company's proposed changes.
Jain Resource Recycling Limited (JAINREC) convened an Extra-ordinary General Meeting (EGM) on July 30, 2026, to consider and approve an alteration of the Memorandum of Association (MOA) by inserting a new main object. The meeting commenced at 11:00 AM and concluded at 11:12 AM. The voting results, along with the Scrutinizer's Report, have been submitted as per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's website and Notice Board will also display this information.
The resolution to alter the MOA was a special resolution and was passed with a unanimous vote from both Promoter and Promoter Group shareholders who participated via e-voting. Public Institutions also overwhelmingly supported the resolution, with 99.9973% of votes in favour. Public Non-Institutions also voted 100% in favour. In total, out of 345,085,814 shares, 284,377,174 votes were polled, with 284,377,045 votes in favour and 129 votes against. The resolution was passed.
The Scrutinizer's Report was issued to the company on July 30, 2026, following the Board's appointment of the scrutineer on July 8, 2026. The record date for determining the shareholders eligible to vote was July 24, 2026. The total number of shareholders on the record date was 95,744. While no shareholders were present in person or through proxy, 1 promoter group shareholder and 37 public shareholders attended the meeting via video conferencing.
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Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under egm. 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.