NSECredit Rating- Revision30 Jul 2026 · 30 Jul 2026, 09:16 pm
Credit Rating- Revision
Jain Resource Recycling Limited · JAINREC
✦ AI Summary▼ NegativeRegulatory
Jain Resource Recycling Limited has informed the Exchange about a revision in credit ratings by CRISIL Ratings Limited due to a furnace explosion at the company's manufacturing facility on July 14, 2026. The revised ratings are CRISIL A+/Watch Developing for long-term bank facilities and CRISIL A1/Watch Developing for short-term bank facilities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment4/10
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Jain Resource Recycling Limited has informed the Exchange about Credit Rating- Revision
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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