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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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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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