Jain Resource Recycling Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
JAINREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jain Resource Recycling Limited has disclosed the results of its postal ballot voting conducted between March 28 and April 26, 2026. All 4 resolutions were passed with overwhelming shareholder approval. Resolution 1 (Ordinary) approved re-designation and remuneration of Mr. Atul Pareek as Whole-time Director of subsidiary Jain CY Circular Solutions Private Limited with 99.98% votes in favor. Resolution 2 (Special) approved Managing Director Mr. Kamlesh Jain's remuneration for FY 2026-27 with 97.56% in favor. Resolution 3 (Special) approved utilization of IPO funds for repayment of unsecured loans with 92.87% in favor. Resolution 4 (Special) approved amendment to Articles of Association with 100% unanimous support. Promoter group abstained from voting on resolutions where they had an interest.
All resolutions passing indicates shareholder support for subsidiary governance, executive compensation, IPO fund utilization toward debt repayment, and AoA changes. The unanimous AoA amendment vote shows strong governance alignment.