StockWatch
·
Diversified Metals
Corporate Action15 Oct 2026, 02:49 pm

Jain Resource Recycling Ltd: Board Approves MOA Object Clause Alteration

AI Summary

Jain Resource Recycling Ltd announced that its Board of Directors has approved an alteration to the object clause of the company's Memorandum of Association (MoA). This significant corporate action is subject to shareholder approval, which will be sought through a postal ballot. The company has also approved a revised Postal Ballot Notice for this purpose. The Board meeting, held on October 15, 2026, also addressed the appointment of two new Independent Directors and will proceed with seeking shareholder consent for these changes via postal ballot, with voting concluding on November 15, 2026.

Key Highlights

  • Board approved alteration of Memorandum of Association (MoA) object clause.
  • Shareholder approval to be sought via postal ballot.
  • Revised Postal Ballot Notice approved by the Board.
  • Two new Independent Directors appointments also approved.
  • Voting period for postal ballot is October 17 to November 15, 2026.