Jain Resource Recycling Ltd Corrects Details for Acquisition of Shares in Captive Generating Plant Companies
Jain Resource Recycling Ltd announced a correction to its previously reported details concerning the acquisition of equity shares in companies operating as Captive Generating Plants (CGPs). The revision pertains to the consideration details for the target entity Sea Sindu Green Energy Private Limited.The company confirmed that the acquisition of equity shares in three Captive Generating Plants for captive use of electricity was approved by the Borrowing and Investment Committee of the Board of Directors at its meeting held on March 30, 2026. The correction specifically addresses the price recorded for Sea Sindu Green Energy Private Limited.
The corrected details for the share acquisitions are as follows:
| Name of the Target Entity | Consideration (in Rs.) | Percentage of Shareholding to be acquired |
|---|---|---|
| Sea Sindu Green Energy Private Limited | Rs. 26,000/- (Rupees Twenty-Six Thousand Only) | 26% |
| Sri Kamakshi Wind Power Private Limited | Rs. 13,00,000/- (Rupees Thirteen Lakhs Only) | 26% |
| OMSakthi Wind Power Private Limited | Rs. 60,83,000/- (Rupees Sixty Lakhs Eighty- Three Thousand Only) | 26% |
| Total Consideration | Rs. 74,09,000/- (Rupees Seventy-Four Lakhs Nine Thousand Only) |
All other details relating to the acquisitions remain unchanged. The acquisitions are aimed solely at captive consumption of electricity and do not constitute a diversification of the Company's business.
Target Entity Acquisition Details
The background and acquisition details for each target entity are provided below.Sea Sindu Green Energy Private Limited
The Company is acquiring 26% equity shareholding in Sea Sindu Green Energy Private Limited for the purpose of captive use of electricity generated by the said Captive Generating Plant. The acquisition is solely for captive consumption of electricity.| Detail | Description |
|---|---|
| Industry | Wind Power - Renewable energy |
| Consideration | Cash |
| Cost of Acquisition | INR 26,000 (260 shares @ Rs.100 each) |
| Background | Business of Target company: Wind Power generator. Incorporation date of Target company: June 12, 2015. Turnover details: FY 22-23 - Rs.92,98,036, FY 23-24 - Rs.90,14,114, FY 24-25 - Rs.79,94,583. Country of Incorporation: India. |
Sri Kamakshi Wind Power Private Limited
The Company is acquiring 26% equity shareholding in Sri Kamakshi Wind Power Private Limited for the purpose of captive use of wind power generated by the said Captive Generating Plant. The acquisition is solely for captive consumption of electricity.| Detail | Description |
|---|---|
| Industry | Wind Power - Renewable energy |
| Consideration | Cash |
| Cost of Acquisition | INR 13,00,000 (1,30,000 shares @Rs.10 each) |
| Background | Business of Target company: Wind Power generator. Incorporation date of Target company: May 13, 2014. Turnover details: FY 22-23 - Rs.1,14,71,754, FY 23-24 - Rs.1,30,12,268, FY 24-25 - Rs.1,33,13,965. Country of Incorporation: India. |
OMSakthi Wind Power Private Limited
The Company is acquiring 26% equity shareholding in OMSakthi Wind Power Private Limited for the purpose of captive use of wind power generated by the said Captive Generating Plant. The acquisition is solely for captive consumption of electricity.| Detail | Description |
|---|---|
| Industry | Wind Power - Renewable energy |
| Consideration | Cash |
| Cost of Acquisition | INR 60,83,000 (6,08,300 shares @Rs.10 each) |
| Background | Business of Target company: Wind Power generator. Incorporation date of Target company: February 15, 2006. Turnover details: FY 22-23 - Rs.90,96,779, FY 23-24 - Rs.1,06,66,622, FY 24-25 - Rs.1,06,51,511. Country of Incorporation: India. |
JAINREC Stock Price Movement
Shares of Jain Resource Recycling Limited are edging higher to ₹424.65 as of 12:31 PM today, gaining 0.51%. The stock trades within the day's ₹421.3 to ₹431.6 range, supported by total trading volume reaching 615,955 shares.Source:
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