Quarterly Updates14 May 2026, 01:24 pm
Jain Resource Recycling: Monitoring Agency Report for March 2026
AI Summary
Jain Resource Recycling Ltd. has released the Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report, reviewed by the Audit Committee and Board of Directors on May 11, 2026, confirms no deviation in the utilization of IPO proceeds from the stated objectives in the Prospectus. The company had previously utilized ₹54.00 crore from General Corporate Purposes towards part repayment of an unsecured loan availed from a promoter/director, which was ratified by shareholders on April 26, 2026.
Key Highlights
- CRISIL Ratings issued a Monitoring Agency Report for the quarter ended March 31, 2026.
- No deviation reported in the utilization of IPO proceeds.
- Shareholders ratified the utilization of ₹54.00 crore towards repayment of loan to promoter.
- Report reviewed and taken on record by Audit Committee and Board of Directors on May 11, 2026.
Price Impact
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