Jain Resource Recycling: No IPO Fund Deviation for Q2 FY27

Jain Resource Recycling Ltd has confirmed no deviation or variation in the utilization of its Initial Public Offering (IPO) proceeds for the quarter and half-year ended September 30, 2026. The company raised Rs. 12,500 Million through a Public Issue on September 26, 2025, comprising a Fresh Issue of Rs. 5,000 Million and an Offer for Sale of Rs. 7,500 Million. A statement reviewed by the Audit Committee and taken on record by the Board of Directors indicates that funds were utilized as per the prospectus. Minor adjustments were made regarding the allocation for issue expenses and general corporate purposes, with the latter remaining within the 25% limit. An earlier deviation related to repaying an unsecured loan from a promoter was ratified by shareholders.