15-Oct-2026 14:46:18
JAIN RESOURCE RECYCLING: BOARD APPROVES BUSINESS EXPANSION INTO SMART VENDING MACHINES, ELECTRONICS & COMMODITY TRADING 🟢
• Board approved amendments to the company's Memorandum of Association (MOA) to expand its business activities. • Metals & Recycling: Proposed expansion into mineral processing, mining, metal recovery, recycling and related infrastructure. • Smart Vending Machines: Plans to enter manufacturing, assembly, distribution and servicing of automated retail and dispensing machines. • Technology Business: Proposed activities include IoT solutions, software, payment systems, sensors and automation technologies. • Commodity Trading: Seeks to expand into trading, importing, exporting and distribution of agricultural products, chemicals, metals, consumer goods and other commodities. • Shareholder Approval: Proposed amendments remain subject to approval through a postal ballot. Impact: Neutral to Positive 🟢 — Expands the company's permitted business activities and creates diversification opportunities, but no specific investments, contracts or revenue projections have been announced.
JAIN RESOURCE RECYCLING L