Jain Resource Recycling Share Price Today

Jain Resource Recycling reallocates ₹36.64 million IPO proceeds

Reallocated ₹36.64 million unutilised IPO proceeds to General Corporate Purposes. Reallocation complies with SEBI ICDR Regulation 7(2) limits on corporate use. Postal ballot initiated for appointing Prakash Kumar Behera and Kajal Mayur Saiya. Remote e-voting window runs from October 17 to November 16, 2026.

Jain Resource Recycling issues ₹50 crore corporate guarantee for subsidiary

Jain Resource Recycling issued a ₹50 crore corporate guarantee for subsidiary Jain CY Circular Solutions. The guarantee secures credit facilities with ICICI Bank Limited. This is the second tranche within a ₹200 crore overall limit approved by the Audit Committee. Total exposure for the subsidiary now stands at ₹100 crore. The guarantee is recorded as a contingent liability with no immediate cash outflow.

Jain Resource Recycling passes AGM resolutions; promoters abstain on chairman reappointment

Jain Resource Recycling passed all three AGM resolutions on August 27, 2026. Chairman Kamlesh Jain was reappointed with 98.01% support from polled votes. Promoters voted unanimously for financials but abstained from voting on their own reappointment. Public institutions showed strong support, voting 99.03% in favor of financial statements.

Jain Resource Recycling converts ₹44.50 crore loan to equity in Jain Ikon

Jain Resource Recycling executed a loan conversion agreement on August 25, 2026. Outstanding loan of ₹44.50 crore (AED 1.7064 million) converted into equity. Company stake in subsidiary Jain Ikon rises from 70% to 99.74%. Transaction involves issuance of 11,376 equity shares at AED 1,500 each. Subsidiary Jain Ikon has ceased operations and holds negative net worth.

Jain Resource Recycling appoints two independent directors to board

Jain Resource Recycling appointed Kajal Mayur Saiya and Prakash Kumar Behra as independent directors. Appointments fill vacancies left by Resignations of Revathi Raghunathan and Kandaswamy Paramasivan. Both new directors serve until March 18, 2028, pending shareholder approval. Audit and Nomination committees were reconstituted to reflect the new board composition.

Jain Resource Recycling to host investor meet on Aug 19

Jain Resource Recycling Ltd will hold investor meetings on August 19, 2026, at the Motilal Oswal 22nd Annual Global Investor Conference in Mumbai. Scheduled for 11:00 am, the sessions will include one-on-one and group discussions based solely on publicly available information, with no UPSI intended.