Jain Resource Recycling: IPO Proceeds Utilization Report Filed

Jain Resource Recycling Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited. The report confirms the utilization of IPO proceeds. While the company declared no deviation from the stated objects, a prior deviation was noted in Q4 FY25 where ₹54.00 crore was used for General Corporate Purposes (repayment of unsecured loan to a promoter/director), which was subsequently ratified by shareholders on April 26, 2026. The Audit Committee and Board of Directors have reviewed and taken the report on record.