Appointment of internal auditors and cost auditor for the financial year 2026-27
JAINREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jain Resource Recycling Limited's Board meeting on May 18, 2026 approved multiple items including audited standalone and consolidated financial results for FY2026. Standalone revenue grew 50% to Rs 923.11 crore from Rs 614.33 crore, while profit after tax increased 64% to Rs 34.68 crore from Rs 21.11 crore. The company appointed two joint internal auditors (M/s SKK & Co. and M/s RKVT and Co.) and Mr. B. Venkateswar as cost auditor for FY2026-27. More notably, Company Secretary and KMP Mr. Bibhu Kalyan Rauta resigned effective June 20, 2026 due to personal commitments. Additionally, the board approved setting up a new plastic recycling facility with Rs 15 crore capex, expected operational by Q3 FY27.
The KMP resignation creates a compliance gap that needs urgent replacement. Strong financial performance with 50% revenue growth is positive. The new plastic recycling capex signals expansion into new business segments.