NSEGiving guarantees/indemnity/ becoming a surety for third party13 Jul 2026 · 13 Jul 2026, 04:17 pm

Giving guarantees/indemnity/ becoming a surety for third party

Jain Resource Recycling Limited · JAINREC

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Jain Resource Recycling Limited has informed the Exchange about providing guarantees to Jain CY Circular Solutions Private Limited (Joint Venture Company) for an amount not exceeding INR 50,00,00,000/- (Indian Rupees Fifty Crore only) in favour of ICICI Bank Limited to secure working capital and other short-term facilities.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10

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Jain Resource Recycling Limited has informed the Exchange about providing guarantees to Jain CY Circular Solutions Private Limited (Joint Venture Company)

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JAINMETAL_13072026161352_NSEBSECG.pdf

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JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) Date: July 13, 2026 JRRL/2026-27/0022 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 SYMBOL: JAINREC SCRIP CODE: 544537 Dear Sir/Madam, Sub: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Borrowing and Investment Committee of the Board of Directors of the Company in its meeting held on July 13, 2026, (commenced at 12:00 P.M. and concluded at 12:15 P.M.), have accorded their approval for providing corporate guarantee for an amount not exceeding INR 50,00,00,000/- (Indian Rupees Fifty Crore only) in favour of ICICI Bank Limited for securing the facility to be availed by Jain CY Circular Solutions Private Limited (Joint Venture Company). Further, the details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 with respect to the said Corporate Guarantee, is given in ‘Annexure- A’ to this letter. We request you to kindly take the same on your record. Thanking you, Yours Faithfully, For JAIN RESOURCE RECYCLING LIMITED (formerly known as Jain Resource Recycling Private Limited) ARAVINDKUMAR V COMPANY SECRETARY & COMPLIANCE OFFICER M. NO: A42531 Registered Office: THE LATTICE, Old No. 7/1, New No. 20, 4th Floor, Bishop Ezra Sargunam Road, Kilpauk, Chennai 600 010, T.N, India Unit I : D-12, SIPCOT lndl. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India Unit II : Plot No. R1 - R3, Pappankuppam Village, SIPCOT Ind!. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India T: +91 44 4340 9494 E: info@jainmetalgroup.com W: www.jainmetalgroup.com CIN No. L27320TN2022PLC150206 JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) ‘ANNEXURE A’ Disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 S. No. Particulars Description 1 Name of party for which such guarantees or Jain CY Circular Solutions Private Limited indemnity or surety was given (Jain CY) 2 Whether the promoter/ promoter group/ group No, the Company is giving a corporate companies have any interest in this transaction? If guarantee to its Joint Venture company. The yes, nature of interest and details thereof and promoter / promoter group / group whether the same is done at “arm’s length companies do not hold any shares in the Joint Venture company. Therefore, they do not have any interest in this transaction. The corporate guarantee has been given in the ordinary course of business and on an arm’s length basis. 3 Brief details of such guarantee or indemnity or The Company has issued Corporate becoming a surety viz. Brief details of agreement Guarantee in favour of ICICI Bank Limited to entered (if any) including significant terms and facilitate Jain CY Circular Solutions Private conditions, including amount of guarantee Limited to secure working capital and other short term facilities. 4 Impact of such guarantees or indemnity or surety The corporate guarantee issued in favour of on listed entity the Lender will be treated as contingent liability in the books of account of the Company. There is no immediate cash outflow from the Company on account of issuance of the corporate guarantee. Registered Office: THE LATTICE, Old No. 7/1, New No. 20, 4th Floor, Bishop Ezra Sargunam Road, Kilpauk, Chennai 600 010, T.N, India Unit I : D-12, SIPCOT lndl. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India Unit II : Plot No. R1 - R3, Pappankuppam Village, SIPCOT Ind!. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India T: +91 44 4340 9494 E: info@jainmetalgroup.com W: www.jainmetalgroup.com CIN No. L27320TN2022PLC150206