Jain Resource Recycling Limited has issued a corrigendum to its stock exchange filing dated March 30, 2026, correcting an inadvertent error in the acquisition details of captive generating plant companies. The correction pertains to the price disclosure for Sea Sindu Green Energy Private Limited shares.

Acquisition Overview

The company's Borrowing and Investment Committee approved the acquisition of equity shares in three wind power companies established as Captive Generating Plants under Section 2(8) of the Electricity Act, 2003. The acquisitions are intended for captive use of electricity by the company.

Target Company Details

All three target entities operate in the wind power renewable energy sector and are incorporated in India. The acquisitions are structured as cash transactions with completion targeted by March 31, 2026.

Sea Sindu Green Energy Private Limited

• Incorporation Date: June 12, 2015
• Acquisition Cost: Rs. 26,000 (260 shares @ Rs. 100 each)
• Business: Wind power generation
• Recent Turnover Performance:
  • FY 22-23: Rs. 92,98,036
  • FY 23-24: Rs. 90,14,114
  • FY 24-25: Rs. 79,94,583

Sri Kamakshi Wind Power Private Limited

• Incorporation Date: May 13, 2014
• Acquisition Cost: Rs. 13,00,000 (1,30,000 shares @ Rs. 10 each)
• Business: Wind power generation
• Recent Turnover Performance:
  • FY 22-23: Rs. 1,14,71,754
  • FY 23-24: Rs. 1,30,12,268
  • FY 24-25: Rs. 1,33,13,965

OM Sakthi Wind Power Private Limited

• Incorporation Date: February 15, 2006
• Acquisition Cost: Rs. 60,83,000 (6,08,300 shares @ Rs. 10 each)
• Business: Wind power generation
• Recent Turnover Performance:
  • FY 22-23: Rs. 90,96,779
  • FY 23-24: Rs. 1,06,66,622
  • FY 24-25: Rs. 1,06,51,511

Strategic Rationale

The company emphasized that these acquisitions are solely for captive consumption of electricity and do not constitute a diversification of its main business operations. None of the transactions fall under related party transactions, and no governmental or regulatory approvals are required for completion.

The corrigendum was signed by Bibhu Kalyan Rauta, Company Secretary and Compliance Officer, and filed in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Jain Resource Recycling Limited has announced a strategic move to secure its electricity supply through the acquisition of minority stakes in three wind power companies. The company's Borrowing and Investment Committee approved these acquisitions on March 30, 2026, representing a total investment of ₹74.09 lakh in renewable energy assets.

Strategic Acquisitions Overview

The acquisitions involve 26% equity stakes in three wind power companies, all established as Captive Generating Plants under Section 2(8) of the Electricity Act, 2003. This ownership percentage meets the minimum requirement prescribed under Electricity Rules, 2005 for qualifying as a captive user.

Target Company Profiles

Sea Sindu Green Energy Private Limited

Incorporated on June 12, 2015, Sea Sindu Green Energy operates as a wind power generator in the renewable energy sector. The company's financial performance over the past three years shows:

Jain Resource Recycling will acquire 2,600 shares at ₹10 each for this 26% stake.

Sri Kamakshi Wind Power Private Limited

Established on May 13, 2014, Sri Kamakshi Wind Power has demonstrated consistent growth in recent years:

The acquisition involves purchasing 1,30,000 shares at ₹10 each.

OM Sakthi Wind Power Private Limited

The oldest of the three companies, OM Sakthi Wind Power was incorporated on February 15, 2006. Its recent financial performance includes:

This acquisition requires the largest investment, involving 6,08,300 shares at ₹10 each.

Transaction Details and Compliance

All acquisitions will be completed through cash consideration, with an indicative completion timeline of March 31, 2026. The transactions do not fall within related party transactions, and no governmental or regulatory approvals are required for these acquisitions.

The company emphasized that these acquisitions are solely for captive consumption of electricity and do not constitute a diversification of Jain Resource Recycling's core business operations. The strategic move aligns with the company's operational requirements while ensuring compliance with electricity regulations for captive users.

The Borrowing and Investment Committee meeting, which approved these acquisitions, was conducted on March 30, 2026, from 04:00 PM to 05:00 PM (IST), exercising powers delegated by the Board of Directors under Section 179(3) of the Companies Act, 2013.