Diversified Metals
Acquisitions10 April 2026 at 06:56 am

Jain Resource Recycling corrects CGP acquisition price, total ₹74.09 Lakh

AI Summary

Jain Resource Recycling Ltd issued a corrigendum to its March 30, 2026 intimation regarding the acquisition of equity shares in Captive Generating Plant (CGP) companies. The correction addresses an inadvertent error in the acquisition price for Sea Sindu Green Energy Private Limited. The revised price for acquiring 26% shareholding in Sea Sindu Green Energy Private Limited is ₹26,000. Consequently, the total consideration for acquiring 26% equity in all three CGP companies (Sea Sindu Green Energy, Sri Kamakshi Wind Power, and OM Sakthi Wind Power) is now ₹74,09,000. The acquisitions are for the purpose of captive use of electricity and do not represent a diversification of the company's main business. All other details from the original intimation remain unchanged.

Key Highlights

  • Corrigendum issued for prior acquisition intimation dated March 30, 2026.
  • Corrected acquisition price for Sea Sindu Green Energy is ₹26,000 for 26% stake.
  • Total consideration for three CGP acquisitions revised to ₹74.09 Lakh.
  • Acquisitions are for captive electricity use, not business diversification.