BSECompany Update1d ago · 30 Jul 2026, 09:13 pm

Jain Resource Recycling Limited has informed the exchange on the revision in Credit rating by Crisil Ratings Limited

Jain Resource Recycling Ltd · 544537

✦ AI Summary▼ NegativeRegulatory

Jain Resource Recycling Ltd has informed the exchange about a revision in credit rating by CRISIL Ratings Limited due to a furnace explosion at one of its manufacturing facilities.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10

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Jain Resource Recycling Ltd - 544537 - Announcement under Regulation 30 (LODR)-Credit Rating

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JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) Date: July 30, 2026 JRRL/2026-27/0035 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, Subject: Intimation of Revision in Credit Rating by CRISIL Ratings Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL Ratings Limited has revised the credit ratings assigned to the Company's bank facilities. The details of the revision in credit ratings are as under: Particulars Previous Rating Revised Rating Long Term Bank Facilities CRISIL A+/Stable CRISIL A+/Watch Developing Short Term Bank Facilities CRISIL A1 CRISIL A1/Watch Developing The aforesaid revision in credit ratings is consequent to the accident involving a furnace explosion that occurred on July 14, 2026 at the Company's manufacturing facility (Unit II) situated at Gummidipoondi, Tamil Nadu. The said incident had already been disclosed by the Company to the Stock Exchanges vide its letter dated July 14, 2026 and subsequent disclosures made from time to time. The rating revision letter received from CRISIL Ratings Limited is enclosed herewith. This is for your information and records. Thanking you, Yours Faithfully, For JAIN RESOURCE RECYCLING LIMITED (formerly known as Jain Resource Recycling Private Limited) ARAVINDKUMAR V COMPANY SECRETARY & COMPLIANCE OFFICER 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