Outcome of board meeting held on 18th May 2026
JAINREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jain Resource Recycling Ltd reported strong FY26 results with standalone revenue of Rs 9,231.1 million, up 50% from Rs 6,143.3 million in FY25. Profit after tax grew 64% to Rs 346.7 million from Rs 211.1 million. The company received an unmodified (clean) audit opinion from MSKC & Associates LLP. Key board decisions include appointment of two new joint internal auditors (SKK & Co. and RKVT and Co.) and a cost auditor (Mr. B. Venkateswar), resignation of Company Secretary Bibhu Kalyan Rauta effective June 20, 2026, and approval to set up a new plastic recycling plant with Rs 15 crore capex expected operational by Q3 FY27. The company listed on NSE and BSE in October 2025 via IPO.
The company delivered robust revenue and profit growth, and the clean audit opinion supports financial reliability. The negative operating cash flow of Rs 602 million despite strong profits suggests working capital buildup, which investors should monitor. The new plastic recycling plant expansion signals growth focus.