General Updates

JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) Date: August 26, 2026 JRRL/2026-27/0060 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 – Acquisition of equity shares of JAIN IKON GLOBAL VENTURES FZC, a subsidiary of the Company pursuant to conversion of outstanding loan into equity shares Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) and 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 Borrowing and Investment Committee of the Company, at its meeting held today i.e., Tuesday, August 25, 2026, has approved the conversion of an outstanding loan of AED 1,70,64,000 (Arab Emirates Dirhams One Crore Seventy Lakhs Sixty Four Thousand only) (equivalent of about INR 44.50 Crores) advanced by the Company to Jain Ikon Global Ventures FZC, UAE/Sharjah (“Jain Ikon”), into equity shares of Jain Ikon, pursuant to the terms agreed between the parties. Pursuant to the proposed conversion, the Company's shareholding in Jain Ikon will increase from the existing 70.00% to 99.74% of the equity share capital of JAIN IKON. The conversion is being undertaken pursuant to the Loan Conversion Agreement approved by the Borrowing and Investment Committee of the Company on August 25, 2026. The transaction involves conversion of an existing outstanding loan into equity and does not involve any fresh cash outflow by the Company pursuant to the conversion. The conversion is subject to requisite corporate, regulatory and other approvals under applicable laws in India and United Arab Emirates / Sharjah. 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 S. Particulars Details 1 Name of the Target Company, details in brief JAIN IKON GLOBAL VENTURES FZC, UAE / Sharjah (Jain Ikon) is a such as size, turnover etc. subsidiary of the Company. The turnover of Jain Ikon for FY 2025-26 was AED 36,178/- Whether the acquisition would fall within Yes. Jain Ikon is a subsidiary of the Company and is accordingly a related party. Related Party Transaction(s) and whether The transaction constitutes a related party transaction under Regulation 23 of the Promoter/Promoter group/group the SEBI LODR Regulation. The conversion is being done at such price as companies have any interest in the entity certified by a valuer and is on arm’s length. 2 being acquired? No promoter, member of the promoter group, or group company has any interest If yes, nature of interest and details thereof in Jain Ikon. and whether the same is done at “arm’s length” 3 Industry to which the entity being acquired Gold and silver refining, melting, chemical purification and casting. belongs. Objects and impact of acquisition (including The acquisition is pursuant to conversion of an existing outstanding loan of but not limited to, disclosure of reasons for AED 17.064 million (equivalent of about INR 44.50 Crores) advanced by the 4 acquisition of target entity, if its business is Company to Jain Ikon Global Ventures FZC into equity shares of Jain Ikon outside the main line of business of the Global Ventures FZC. The conversion is intended to consolidate the Company’s listed entity) 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%. Brief details of any governmental or 5 regulatory approvals required for the The conversion is subject to requisite corporate, regulatory and other acquisition approvals under applicable laws in India and United Arab Emirates / Sharjah 6 Indicatives time period for completion of the The conversion of loan into equity shares is expected to be completed within acquisition 2 months, subject to completion of requisite corporate and statutory formalities. Consideration- whether cash consideration Non-Cash. The consideration is by way of conversion of the existing 7 or share swap or any other form and details outstanding loan of AED 17.064 million (equivalent of about INR 44.50 Crores) of the same into equity shares of Jain Ikon Global Ventures FZC. No fresh cash consideration is payable by the Company. Cost of acquisition and/or the price at which The equity shares are proposed to be acquired at AED 1500 per equity share, 8 the shares are acquired being the face value of the equity shares, based on valuation report. Brief background about the entity acquired Jain Ikon is an existing subsidiary of the Company engaged in Gold and silver in terms of products/line of business refining, melting, chemical purification, and casting. The Company presently acquired, date of incorporation, history of holds 70.00% of the equity share capital of Jain Ikon Global Ventures FZC. last 3 years turnover, country in which the 9 acquired entity has presence and any other Country of incorporation and presence: United Arab Emirates (Sharjah). significant information (in brief); The Company was incorporated in May 2024 Turnover for the last financial years: • Financial Year 2025-26: AED 36,178 • Financial Year 2024-25: AED 30,52,47,578 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