Statement of deviation(s) or variation(s) under Reg. 32

JAIRNE SOURRECCEY CLLIIMNIGT ED (FormKenrolwaynsJ aRiens ouRreccey cPlriinvLgai tmei ted) DatAeu:g u7s2,t0 26 JRRL/2/002065-02 7 NatioSntaoElcx kc haonfIg ned Liiam ited BSEL imited ExchaPnlgaeCz -a1B,,l oGc k PhirJoezeej eeTbohwoeyr s BandKruar Cloam plex DalSatlr eMeutm,b a-4i0 000 1 Band(rEaM) u,m ba-4i0 005 1 SYMBOJLA:I NREC SCRICPO DE5:4 4537 DeaSri r/Ma'am SubSt:a temoe fDnevti atoiroV na rinai nt uitoilizofaf tuinordansi suendde rR eglutaio32n o fSE BI (LisOtbilignatgio nasn dDi sclours eRequireRmeegunltast)2i 0o1nfo5,r t hQeu arteenrde dJ une3 0, 202.6 Pursutoa Rnegtu ltiao 3n2of SIE( BLsiitn Ogbligaatnid oDniclsso userR equireRmeegnutlsa)2t 0i1o5n,s , as amendpeleda,sfi en edn closed heewritasha nenxutrhe S,et atecmoennfti rtmhianntoDg e viatoiro n variaitnui iltoinzt aioofnf nudrsa itsheourdgh IniPtuibalOlfi frcei n(gI PbOy)t hCeo tnpanfyr otmh e objectsi ns stpPearctuote,s fdo hre tquarter ended June 30, 2026. Wer equesty otuok n idlyt kae thaebo veo n record. Yourfsa ithfully, ForJA IN RESOURRCEEC YCLILNIGM ITED (FORMERLY SJOAUIRNC ER ERECYCLING PRI)V ATE LIMITED ARAV INKDU MARV COMPANSYE CRETAANRDY C OMPLIANOFCFEI CER RegiOsfftieTcrHeeLE:dA TTOIlNCdoE7 .,/N 1e,Nw o 2.04 ,tF hl oor, SBairsghRuoonpaaK dmiE, lz Cprhaaue kn6,n00 a01i T.N0 ,, India UnIiD t-: 1 S2I,Pl CnOCdTol m.p Gluemxm,i diTphoiornu6dv02ia10,l T.N1 l,,uI rn,d ia UnIi:IPt l NootR. l- R 3P,a ppanVkiulplSpaIagPmleC n,OCd Tol m.p lex, GTuhmimriu6dv0i2a1p0l oT.1loN,,uIn rnd,di i,a T+:9 4144 34904 9E4i: n fo@jainmWe:tw awlwg.rjoauipn.mceCotImaNN lo Lg.2r 7o3u2p0.TcNo2m0 22PLC150206 JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) ANNEXUREA STATEMENT OF DEVIATIONNARIATION IN UTILISATION OF FUNDS RAISED THROUGH PUBLIC ISSUE FOR THE QUARTER ENDED JUNE 30, 2026 Name of the Listed Entity Jain Resource Recycling Limited Mode of Fund Raising Public Issue Date of Raising Funds September 26, 2025 Rs. 12,500 Million comprising of: Amount Raised Fresh Issue - Rs. 5,000 Million and Offer for Sale - Rs. 7,500 Million Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CRISIL Ratings Limited Is there a Deviation/Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the NA shareholders If Yes, Date of shareholder Approval NA Explanation for the Deviation/Variation NA Comments of the Audit Conu11.ittee after review Nil Comment of the Auditors, if any Nil STATEMENT OF UTILISATION OF FUNDS AS ON JUNE 30, 2026 Amount of Modified Original Modified Fw1ds Deviation/Variation Original Object Object, if Allocation Allocation, Utilised for the quarter Remarks, if any any (Rs.) if any (in Rs.) according to applicable object Pre-payment or scheduled re-payment of a portion of Not 3,750 Not 3,750 certain outstanding Not Applicable Not Applicable Applicable Million Applicable Million borrowings availed by our Company Increase pursuant to rectification of Not 591.08 986.43 986.43 inadvertently General corporate purposes Not Applicable Applicable Million Million Million disclosed issue expenses (Refer Note below) Not 4,341.08 4,736.43 4,736.43 Net Proceeds Not Applicable Refer Note below Applicable Million Million Million Decrease pursuant to rectification of Not 658.92 263.57 224.76 inadvertently Issue Expenses Not Applicable Applicable Million Million Million disclosed issue expenses (Refer Note below) Not 5,000 Not 4,961.19 Gross Proceeds Not Applicable Not Applicable Applicable Million Applicable Million Note: During the quarter ended December 31, 2025, it was observed that the estimated offer-related expenses ath·ibutable to the Fresh Issue were inadvertently disclosed in the Prospectus as Rs. 658.92 Million instead of the correct amount of Registered Office: THE LATTICE, Old No. 7/1, New No. 20, 4th Floor, Bishop Ezra Sargunam Road, Kilpauk, Chennai 600 010, TN, India Unit I : D-12, SIPCOT Ind!. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India Unit II : Plot No. Rl -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) Rs. 263.57 Million, on account of an inadvertent clubbing of expenses pertaining to the Fresh Issue and the Offer for Sale. Upon obtaining an independent legal opinion dated July 20, 2026, from Mr. Krishnan Chandrasekaran, Practicing Company Secreta1y, and pursuant to the Board resolution dated Februa1y 9, 2026, the Company rectified the disclosure and revised the Fresh Issue expense a.111ow1t to Rs. 263.57 Million, resulting in a corresponding increase in General Corporate Purposes from Rs. 591.08 Million to Rs. 986.43 Million and in Net Proceeds from Rs. 4,341.08 Million to Rs. 4,736.43 Million. Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. For Jain Resource Recycling Limited Hernant Shantilal Jain Director & CFO DIN: 06545627 Date: August 7, 2026 Place: Chern,ai 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 lndl. Complex, Gummidipoondi, Thiruvallur, 601 201, T.N, India T: +91 44 4340 9494 E: info@jainmetalgroup.com W: www.jainmetalgroup.com CIN No. L27320TN2022PLC150206