Jain Resource Recycling Limited has informed the Exchange regarding Appointment of Mr. B Venkateshwar as the Cost Auditor of the company w.e.f. April 01, 2026.
JAINREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jain Resource Recycling Limited held its Board Meeting on May 18, 2026, approving audited standalone and consolidated financial results for Q4 and FY26. The company reported strong growth with revenue from operations rising to Rs. 9,231.09 million from Rs. 6,143.25 million in FY25, a 50% increase. Profit After Tax grew to Rs. 346.68 million from Rs. 211.13 million, up 64% year-on-year. The Board also appointed Mr. B. Venkateswar as Cost Auditor for FY27 and two joint internal auditors (SKK & Co. and RKVT & Co.). Critically, Company Secretary Mr. Bibhu Kalyan Rauta resigned effective June 20, 2026 due to personal commitments. Additionally, the company approved setting up a new Plastic Recycling Facility with Rs. 15 crore capex, expected to be operational by Q3 FY27.
The strong financial performance demonstrates operational growth, though the Company Secretary's resignation just a year after IPO may raise governance concerns. The new plastic recycling plant signals expansion into new business segments. Auditors issued unmodified opinions, indicating clean financials.