Announced Wed, 8 Jul · 13:38 IST
Board approves MoA amendment to enter telecom cables and infrastructure business
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JAINREC · price
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₹343.50
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₹338.30
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AI summary
The Board approved altering the MoA to add new business objects in telecom, including manufacturing telecom, optical fibre, and power cables, and building telecom infrastructure like towers, monopoles, antennae, and broadband networks. Shareholder approval will be sought at the EGM on July 30, 2026, with e-voting from July 27 to 29. The company also appointed Mr. Aravindkumar V as Company Secretary and Compliance Officer effective July 8, 2026.
Likely market impact
Signals a major diversification from metal recycling into telecom cables and infrastructure; requires shareholder approval at the EGM on July 30.