Jain Resource Recycling Limited Approves Financial Results, Appoints Auditors, and Plans New Plastic Recycling Facility
Jain Resource Recycling Limited, formerly known as Jain Resource Recycling Private Limited, announced several key corporate developments following its Board of Directors meeting held on May 18, 2026. The Board considered and approved the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.The Company also confirmed the appointment of auditors for the financial year 2026-27 and detailed its plans for a new operational facility.
Financial Results and Performance
The audited financial results for the quarter and financial year ended March 31, 2026, were reviewed by the Board. Key financial statements providing insight into the Group's financial standing include the Balance Sheet and Cash Flow Statements for the period.The Consolidated Balance Sheet of Jain Resource Recycling Limited as of March 31, 2026, and March 31, 2025, is detailed below:
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | ₹ 33,822.11 Million | ₹ 18,362.37 Million |
| EQUITY AND LIABILITIES | ||
| Total Equity Attributable to Shareholders | 15,581.13 Million | 7,247.21 Million |
| TOTAL LIABILITIES | 18,240.98 Million | 11,115.16 Million |
The Consolidated Cash Flow Statement for the year ended March 31, 2026, showed a significant net cash increase:
| Metric | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Net Cash generated by Operating Activities | ₹ 5 Million | ₹ 79,066 Million |
| Net Increase / (Decrease) in Cash and Cash Equivalents | ₹ 67 Million | ₹ 81,405 Million |
Governance and Appointments
The Board also made several appointments concerning the company's internal and statutory audit functions for the financial year 2026-27.- Joint Internal Auditors: M/s.SKK & Co., Chartered Accountants, and M/s. RKVT and Co., Chartered Accountants, were appointed as Joint Internal auditors for the financial year 2026-27.
- Cost Auditor: Mr. B. Venkateswar, Practicing Cost Accountant, was appointed as the Cost Auditor for the financial year 2026-27.
Regarding key personnel, the Board noted the resignation of Mr. Bibhu Kalyan Rauta, Company Secretary, Compliance Officer, and Key Managerial Personnel. His resignation is effective from June 20, 2026, due to personal commitments.
Operational Expansion
In a major operational update, the Board approved plans to establish a new Plastic Recycling Facility. This expansion is estimated to require a capital expenditure of Rs. 15 crores and is expected to become operational by Q3 FY27.JAINREC Stock Price Movement
As of 3:14 PM, shares of Jain Resource Recycling Limited are shedding 8.73% in live trading, dipping to the ₹516.75 level. The stock has seen significant selling pressure, with 1.88 million shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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