Jain Resource Recycling Limited has informed the Exchange about Corrigendum to Intimation dated March 30, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Acquisition of Equity Shares in Captive Generating Plant Companies for Captive Use of Electricity
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Jain Resource Recycling Limited has issued a corrigendum correcting an inadvertent error in its March 30, 2026 intimation regarding acquisition of 26% equity in three wind power companies for captive electricity use. The correction pertains to the acquisition price for Sea Sindu Green Energy Private Limited, which is now specified as Rs. 26,000 (260 shares at Rs. 100 each). The total consideration for all three acquisitions amounts to Rs. 74,09,000. The company is acquiring stakes in Sea Sindu Green Energy Private Limited, Sri Kamakshi Wind Power Private Limited, and OM Sakthi Wind Power Private Limited. All acquisitions are cash transactions for captive consumption of electricity and do not constitute business diversification. The acquisitions are not related party transactions.
This is a relatively minor acquisition correction with limited direct impact on shareholders. The company is securing captive power generation capacity, which may reduce electricity costs over time, but the total outlay of Rs. 74.09 lakhs is small relative to typical listed company valuations.