Agreements

JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) Date: August 26, 2026 JRRL/2026-27/0061 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: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Loan Conversion Agreement with Jain Ikon Global Ventures FZC, a subsidiary of the Company Pursuant to Regulation 30 read with sub-para 5 of Para B of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “SEBI LODR Regulations”), and the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that the Company has, on Tuesday, August 25, 2026, executed a Loan Conversion Agreement with Jain Ikon Global Ventures FZC, Sharjah, United Arab Emirates (“Jain Ikon”), a subsidiary of the Company. The Loan Conversion Agreement records the terms and conditions for the conversion of an outstanding loan of AED 1,70,64,000 (Arab Emirates Dirhams One Crore Seventy Lakhs Sixty Four Thousand only) as on August 24, 2026, equivalent to approximately INR 44.50 Crores, advanced by the Company to Jain Ikon, into 11,376 equity shares of Jain Ikon of face value of AED 1,500 each. The details required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A. The above information is also being hosted on the website of the Company at www.jainmetalgroup.com in terms of SEBI LODR Regulations. We request you to kindly take the above information on record. 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 JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) ANNEXURE – A Particulars Details Name(s) of parties with whom the 1. Jain Ikon Global Ventures FZC, a subsidiary of the Company. agreement is entered To record the terms and conditions for the conversion of the outstanding loan advanced by the Company to Jain Ikon into equity shares of Jain Ikon. The conversion is intended to consolidate the Company’s existing exposure in Jain Ikon, an Purpose of entering into the 2. entity which has ceased operations and has a negative net worth, and to align the agreement Company’s shareholding in Jain Ikon with the quantum of funding extended by the Company. The conversion is intended to consolidate the Company’s investment in Jain Ikon and facilitate the subsequent divestment of the Company’s entire investment in Jain Ikon. AED 1,70,64,000 (Arab Emirates Dirhams One Crore Seventy Lakhs Sixty Four Thousand 3. Size of agreement only), equivalent to approximately INR 44.50 Crores, being entire outstanding loan which would be converted into 11,376 equity shares of Jain Ikon of AED 1,500 each. Jain Ikon is a subsidiary of the Company. The Company presently holds 70 equity shares of face value of AED 1,500 each, representing 70.00% of the equity share capital of Jain Shareholding, if any, in the entity Ikon. 4. with whom the agreement is Upon completion of the conversion contemplated under the agreement, the Company’s executed shareholding will increase to 11,376 equity shares, representing 99.74% of the equity share capital of Jain Ikon. Jain Ikon is, and will continue to remain, a subsidiary of the Company. • Conversion of the outstanding loan of AED 1,70,64,000 advanced by the Company to Jain Ikon into 11,376 equity shares of Jain Ikon of face value AED 1,500 each, credited as fully paid up. • The conversion is to be effected at AED 1,500 per equity share, being the face value of the existing equity shares of Jain Ikon. No consideration is payable in cash. • Upon allotment of the said equity shares, the loan shall stand extinguished in full, and Significant terms of the agreement the Company shall have no further claim against Jain Ikon in respect of the amount (in brief), special rights like right to converted. appoint directors, first right to share subscription in case of issuance of • The agreement does not confer upon any party any special right such as the right to shares, right to restrict any change in appoint directors on the Board of Directors of the Company, any first right to subscribe capital structure, etc. to the shares of the Company, any right to restrict any change in the capital structure of the Company, or any similar right. The agreement does not impact the management or control of the Company. • The conversion is intended to consolidate the Company’s investment in Jain Ikon and facilitate the subsequent divestment of the Company’s entire investment in Jain Ikon. Upon completion of the conversion, the Company’s shareholding in Jain Ikon will increase from 70% to 99.74%. Whether the said parties are related to the promoter / promoter group / 6. Jain Ikon Global Ventures FZC is a subsidiary of the Company. group companies in any manner. If yes, nature of relationship Whether the transaction would fall Yes. Jain Ikon is a subsidiary of the Company and is therefore a related party. The within related party transactions? If transaction constitutes a related party transaction under Regulation 23 of the SEBI LODR yes, whether the same is done at Regulations. “arm’s length” The conversion is being done at such price as certified by a valuer and is on arm’s length. Issuer: Jain Ikon Global Ventures FZC. The Company is the allottee. In case of issuance of shares to the 8. parties, details of issue price and Class of shares: Ordinary equity shares of face value of AED 1,500 each, ranking pari passu class of shares issued with the existing equity shares of Jain Ikon. 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) Particulars Details Number of shares to be issued: 11,376 equity shares. Issue price: AED 1,500 per equity share, being the face value. Aggregate issue value: AED 1,70,64,000. No shares are being issued by the Company under the agreement. Lender: Jain Resource Recycling Limited, the Company. Borrower: Jain Ikon Global Ventures FZC, a subsidiary of the Company. In case of loan agreements, details of lender / borrower, nature of the Nature of the loan: Unsecured working capital loan extended by the Company to its loan, total amount of loan granted / subsidiary. taken, total amount outstanding, date of execution of the loan Date of execution of the original loan agreement: May 28, 2024. agreement / sanction letter, details of the security provided to the Total amount of loan granted/ sanctioned: USD 10,000,000. lenders / by the borrowers for such loan or in case outstanding loans lent Total amount outstanding as at August 24, 2026: AED 1,70 [Showing first 8,000 characters — download PDF for full document]