Jain Resource Recycling Limited, the Chennai-based recycler, has shaken up its board with a wave of independent-director changes. The company said on August 22, 2026 that Revathi Raghunathan has stepped down from the board for personal reasons, effective August 19, 2026. The exit also sees the end of her tenures as chairperson of the Audit Committee and as a member of the Nomination and Remuneration Committee.
To fill the casual vacancy left by Revathi’s departure, Kajal Mayur Saiya has been appointed as an Independent Woman Director, effective August 22, 2026, for the remainder of the vacancy up to March 18, 2028, subject to member approval. Saiya is described as a practicing company secretary with more than fourteen years in governance, regulatory compliance and board advisory. She does not have any stated relationship with other directors or promoters, and her appointment follows standard regulatory disclosures.
Separately, the board appointed Prakash Kumar Behera as an Independent Director to fill the casual vacancy created by the resignation of Kandaswamy Paramasivan, with effect August 22, 2026. Behera, a retired Principal Commissioner of the Indian Revenue Service (Customs & GST), brings three decades of leadership in tax administration, GST policy, customs and trade facilitation. His term runs to March 18, 2028, subject to shareholder approval. His background includes governance, regulatory compliance and international engagement.
The board also reconstituted its Audit Committee and Nomination and Remuneration Committee in light of the resignations and new appointments, with the details summarized in the annexures accompanying the communication. The changes underscore Jain Resource Recycling’s ongoing focus on governance, oversight and strategic direction as it advances its growth agenda.