Board okays telecom foray via MoA change, EGM on July 30
JAINREC · price
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Jain Resource Recycling board approved adding telecom cables, optical fibre cables, power cables, telecom towers, monopoles, antennae and allied infrastructure to its main objects, subject to shareholder approval. EGM is set for July 30, 2026 via video conferencing, with e-voting from July 27 to July 29. The move signals a strategic shift from its existing metal recycling business into telecom infrastructure. Board also appointed Mr. Aravindkumar V as Company Secretary and Compliance Officer effective July 8, 2026.
Major business pivot from metal recycling into telecom infrastructure. Needs shareholder approval at the July 30 EGM to take effect.