Jain Resource Recycling Limited has announced the successful completion of its postal ballot voting process, with shareholders approving two critical corporate resolutions on January 18, 2026. The company, listed on NSE with symbol JAINREC and BSE scrip code 544537, conducted the voting through electronic means under the supervision of scrutinizer Rangarajan Dorairajan from BP & Associates.

Postal Ballot Overview

The postal ballot process covered a comprehensive shareholder base, with detailed participation metrics highlighting strong corporate governance practices.

Resolution 1: Appointment of Secretarial Auditor

The first ordinary resolution sought approval for appointing VAK & Associates, Practicing Company Secretaries (Firm Registration No. P2025TN322600), as the company's secretarial auditor. This resolution received overwhelming support across all shareholder categories.

The resolution was successfully passed with 97.81% votes in favor, demonstrating strong shareholder confidence in the proposed secretarial audit arrangements.

Resolution 2: Executive Director Appointment

The second special resolution approved the appointment of Mr. Sanchit Jain (DIN: 08751991) as Executive Director of the company. This resolution required higher approval thresholds as a special resolution and involved promoter group interests.

The resolution achieved 98.64% approval from voting shareholders, successfully meeting the special resolution requirements despite promoter group abstention due to their interest in the agenda.

Voting Process and Compliance

The postal ballot was conducted in full compliance with regulatory requirements under the Companies Act, 2013, and SEBI regulations. Key process highlights include:

• E-voting Platform: KFIN Technologies Limited provided the electronic voting infrastructure
• Regulatory Compliance: Process adhered to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Scrutinizer Oversight: BP & Associates ensured transparent and accurate vote counting
• Digital Distribution: Postal ballot notices were distributed electronically to shareholders with registered email addresses

Invalid Votes Analysis

The voting process recorded minimal invalid votes across categories, indicating effective shareholder communication and platform usability.

The company has made the complete voting results and scrutinizer's report available on its website at jainmetalgroup.com and on KFIN Technologies' e-voting portal, ensuring transparency and regulatory compliance. Both resolutions' successful passage strengthens the company's operational framework and governance structure moving forward.

Jain Resource Recycling, a recent entrant to the Indian stock market, has reached a significant milestone as the lock-in period for anchor investors comes to an end. This development has resulted in 12 million shares becoming available for trading, potentially impacting the stock's liquidity and price dynamics.

Stock Performance

Despite a recent correction from its peak, Jain Resource Recycling's stock continues to demonstrate robust performance:

The expiration of the anchor lock-in period is a critical event for newly listed companies, often leading to increased trading volume and potential price volatility.

Market Implications

The end of the lock-in period could have several implications for Jain Resource Recycling and its shareholders:

1. Increased Liquidity: With 12 million additional shares now tradable, the stock's liquidity is expected to improve, potentially benefiting both existing and new investors.

2. Price Discovery: The influx of tradable shares may lead to a more accurate price discovery process, as the market absorbs the potential increase in supply.

3. Investor Sentiment: The stock's ability to maintain a significant premium over its IPO price, even after the recent correction, may be seen as a positive sign by the market.

As the stock continues to trade at a substantial premium to its IPO price, it reflects ongoing investor confidence in Jain Resource Recycling's business model and growth prospects. However, investors should remain vigilant and consider the potential impact of this development on the stock's short-term price movements.

It's important to note that while the end of the anchor lock-in period is a significant event, it does not necessarily predict the stock's future performance. Investors are advised to conduct thorough research and consider their individual risk tolerance before making investment decisions.