Jain Resource Recycling Ltd

Jain Resource Recycling Ltd announced that its Board of Directors has approved an alteration to the object clause of the company's Memorandum of Association (MoA). This significant corporate action is subject to shareholder approval, which will be sought through a postal ballot. The company has also approved a revised Postal Ballot Notice for this purpose. The Board meeting, held on October 15, 2026, also addressed the appointment of two new Independent Directors and will proceed with seeking shareholder consent for these changes via postal ballot, with voting concluding on November 15, 2026.

Jain Resource Recycling Limited announced that its Board of Directors, in a meeting held on October 15, 2026, approved the alteration of the Object Clause of the Memorandum of Association (MoA), subject to shareholder approval. The Board also approved a revised Postal Ballot Notice for seeking shareholder approval on this matter, as well as the appointment of Mr. Prakash Kumar Behera and Ms. Kajal Mayur Saiya as Independent Directors. The remote e-voting period for the postal ballot will commence on October 17, 2026, and conclude on November 15, 2026, with results to be declared by November 17, 2026. The Board meeting lasted from 1:00 PM to 2:15 PM IST.

Jain Resource Recycling Ltd has announced the closure of its trading window for all directors, designated persons, employees, connected persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The window will be closed from October 01, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ending September 30, 2026. During this period, trading in the company's securities is prohibited for these individuals. Additionally, the PANs of designated persons will be frozen by the National Securities Depository Limited for trading in equity shares.

Jain Resource Recycling Ltd has responded to an exchange query regarding a significant increase in its trading volume. The company stated that it has made all required disclosures and there is no undisclosed material information that could explain the volume surge. They attribute the increase to market-driven factors and reaffirm their commitment to timely disclosure of any price-sensitive information.

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.

Jain Resource Recycling Ltd has executed a Loan Conversion Agreement with its subsidiary, Jain Ikon Global Ventures FZC. The agreement converts an outstanding loan of AED 1,70,64,000 (approximately INR 44.50 Crores) into 11,376 equity shares of Jain Ikon. This conversion increases Jain Resource Recycling's shareholding in Jain Ikon from 70% to 99.74%. The company intends to consolidate its investment in Jain Ikon, which has ceased operations and has a negative net worth, to facilitate its subsequent divestment.

Jain Resource Recycling Ltd has approved the conversion of an outstanding loan of AED 1,70,64,000 (approx. INR 44.50 Crores) advanced to its subsidiary, Jain Ikon Global Ventures FZC, into equity shares. This transaction will increase the company's shareholding in Jain Ikon from 70% to 99.74%. The conversion is a non-cash transaction aimed at consolidating the company's investment and facilitating a future divestment. It is subject to regulatory approvals in India and UAE and is expected to be completed within two months. Jain Ikon operates in gold and silver refining, melting, chemical purification, and casting.

Jain Resource Recycling Ltd announced the appointment of Ms. Kajal Mayur Saiya and Mr. Prakash Kumar Behra as Independent Directors. Their appointments are effective from August 22, 2026, and are intended to fill casual vacancies arising from the resignations of Ms. Revathi Raghunathan and Mr. Kandaswamy Paramasivan, respectively. Both new directors have provided necessary consents and declarations. The board also reconstituted the Audit Committee and Nomination and Remuneration Committee.

Jain Resource Recycling Ltd announced the resignation of Ms. Revathi Raghunathan as an Independent Director, effective August 19, 2026, due to personal reasons. Concurrently, the Board of Directors appointed Ms. Kajal Mayur Saiya as an Independent Woman Director to fill the casual vacancy until March 18, 2028, subject to member approval. The company also appointed Mr. Prakash Kumar Behra as an Independent Director to fill another vacancy. The Board re-constituted the Audit Committee and Nomination and Remuneration Committee following these changes.

Jain Resource Recycling Ltd announced that its Board of Directors has appointed Ms. Kajal Mayur Saiya and Mr. Prakash Kumar Behra as Independent Directors. These appointments are subject to shareholder approval and are intended to fill casual vacancies created by the resignations of Ms. Revathi Raghunathan and Mr. Kandaswamy Paramasivan. Ms. Saiya's appointment fills the vacancy left by Ms. Raghunathan, effective August 22, 2026, until March 18, 2028. Mr. Behra's appointment fills the vacancy left by Mr. Paramasivan, also effective August 22, 2026, until March 18, 2028. The company also noted the reconstitution of its Audit Committee and Nomination and Remuneration Committee.