Jain Resource Recycling appoints two independent directors to board
- Jain Resource Recycling appointed Kajal Mayur Saiya and Prakash Kumar Behra as independent directors
- Appointments fill vacancies left by Resignations of Revathi Raghunathan and Kandaswamy Paramasivan
- Both new directors serve until March 18, 2028, pending shareholder approval
- Audit and Nomination committees were reconstituted to reflect the new board composition
*this image is generated using AI for illustrative purposes only.
Jain Resource Recycling appointed two new independent directors to its board during a meeting held on August 22, 2026. The appointments fill casual vacancies created by recent resignations and are subject to shareholder approval.
Ms. Kajal Mayur Saiya was appointed as an Independent Woman Director to replace Ms. Revathi Raghunathan, who resigned on August 19, 2026, citing personal reasons. Mr. Prakash Kumar Behra was appointed as an Independent Director to replace Mr. Kandaswamy Paramasivan, who resigned on August 3, 2026.
Both new directors hold office until March 18, 2028, covering the unexpired terms of their predecessors. The Board also reconstituted the Audit Committee and the Nomination and Remuneration Committee to reflect these changes.
Key Appointments
| Name | Role | Replacing | Effective Date | Term End |
|---|---|---|---|---|
| Kajal Mayur Saiya | Independent Woman Director | Revathi Raghunathan | August 22, 2026 | March 18, 2028 |
| Prakash Kumar Behra | Independent Director | Kandaswamy Paramasivan | August 22, 2026 | March 18, 2028 |
Profile of New Directors
Ms. Sajal Mayur Saiya is a practicing Company Secretary with over 14 years of experience in corporate laws and governance. She advises companies on regulatory compliance, restructuring, and statutory matters under the Companies Act, 2013.
Mr. Prakash Kumar Behra is a retired Principal Commissioner of the Indian Revenue Service (Customs & GST). He brings over 30 years of leadership experience in customs, tax administration, and trade facilitation, having headed commissionerates in Chennai, Pune, and Bhubaneswar.
Committee Reconstitution
The Audit Committee composition changed with effect from August 22, 2026. Mr. Rajendra Kumar Prasan now serves as Chairman, replacing Ms. Raghunathan. Mr. Mayank Pareek and Ms. Saiya serve as members.
The Nomination and Remuneration Committee also saw changes. Mr. Jayaramakrishnan Kannan became Chairman, while Mr. Kamlesh Jain and Mr. Behra serve as members. These adjustments ensure compliance with SEBI Listing Regulations regarding committee independence and composition.
Historical Stock Returns for Jain Resource Recycling
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.30% | -1.86% | -9.76% | -21.90% | -6.98% | -6.98% |
How might the new Audit Committee leadership under Mr. Rajendra Kumar Prasan impact Jain Resource Recycling's financial reporting transparency and regulatory compliance posture?
Could the recent resignations of two independent directors signal underlying governance tensions or strategic disagreements within the board that shareholders should monitor?
What specific value will Mr. Prakash Kumar Behra's extensive customs and GST expertise bring to Jain Resource Recycling's supply chain and international trade operations?
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