Jain Resource Recycling Provides ₹50 Cr Corporate Guarantee to Subsidiary

Jain Resource Recycling Limited has announced the issuance of an additional corporate guarantee of up to ₹50 crore to its subsidiary, Jain CY Circular Solutions Private Limited. This guarantee is in favor of ICICI Bank Limited and will secure credit facilities for the subsidiary. This represents the second tranche of a larger ₹200 crore limit approved by the Audit Committee. The guarantee is considered a contingent liability for Jain Resource Recycling and does not involve immediate cash outflow. The transaction is deemed to be at arm's length, with no direct interest from promoters or promoter group in the subsidiary.