Jain Resource Recycling Ltd

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 effective from July 1, 2026, and will continue until 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. The purpose of this closure is to facilitate the consideration and approval of these financial results. Additionally, the PAN of designated persons will be frozen by the National Securities Depository Limited during this period to prevent insider trading, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Jain Resource Recycling Ltd reports no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended March 31, 2026. The company confirms that the funds were used according to the objects stated in the prospectus. The IPO, which occurred on September 26, 2025, raised ₹12,500 Million, comprising a fresh issue of ₹5,000 Million and an offer for sale of ₹7,500 Million. CRISIL Ratings Limited is the monitoring agency. The audit committee and auditors have no comments regarding deviations.

Jain Resource Recycling Ltd. announces the presentation for its earnings call scheduled for May 18, 2026, at 16:00 PM. The investor presentation includes financial highlights for the quarter and financial year ended March 31, 2026. Consolidated Revenue from Operations stood at ~₹9,543 crore, a 48% YoY growth. EBITDA stood at ~₹558 crore, reflecting a 53% growth with a margin of ~6.0%. Profit After Tax came in at ~₹347 crore, recording a 56% YoY growth with a PAT margin of ~3.6%. The presentation is available on the company's website.

Jain Resource Recycling Ltd has appointed M/s.SKK & Co. and M/s. RKVT and Co. as Joint Internal Auditors, and Mr. B. Venkateswar as Cost Auditor for the financial year 2026-27. The appointments were approved during the Board Meeting held on May 18, 2026. The board also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. Additionally, Mr. Bibhu Kalyan Rauta resigned as Company Secretary, Compliance Officer, and Key Managerial Personnel, effective June 20, 2026. The company plans to set up a new plastic recycling facility with an estimated capex of ₹15 crores, expected to be operational by Q3 FY27.

Jain Resource Recycling Ltd. announced the approval of audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board meeting held on May 18, 2026, also included the appointment of joint internal auditors M/s.SKK & Co. and M/s. RKVT and Co. for FY27, and the appointment of Mr. B. Venkateswar as Cost Auditor for FY27. The resignation of Mr. Bibhu Kalyan Rauta, Company Secretary and Compliance Officer, effective June 20, 2026, was also noted. Additionally, the company plans to set up a new plastic recycling facility with an estimated capex of ₹15 crores, expected to be operational by Q3 FY27.

Jain Resource Recycling Ltd's board meeting on May 18, 2026, approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They appointed M/s.SKK & Co. and M/s. RKVT and Co. as Joint Internal Auditors for FY 2026-27 and Mr. B. Venkateswar as Cost Auditor. The company also announced the resignation of Company Secretary, Mr. Bibhu Kalyan Rauta, effective June 20, 2026, and plans to set up a new plastic recycling facility with an estimated capex of ₹15 crores, expected to be operational by Q3 FY27.

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.

Jain Resource Recycling Ltd has scheduled a Board of Directors meeting on May 18, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for dealing in the company's equity shares has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Jain Resource Recycling Ltd issued a corrigendum to its March 30, 2026 intimation regarding the acquisition of equity shares in Captive Generating Plant (CGP) companies. The correction addresses an inadvertent error in the acquisition price for Sea Sindu Green Energy Private Limited. The revised price for acquiring 26% shareholding in Sea Sindu Green Energy Private Limited is ₹26,000. Consequently, the total consideration for acquiring 26% equity in all three CGP companies (Sea Sindu Green Energy, Sri Kamakshi Wind Power, and OM Sakthi Wind Power) is now ₹74,09,000. The acquisitions are for the purpose of captive use of electricity and do not represent a diversification of the company's main business. All other details from the original intimation remain unchanged.

Jain Resource Recycling Ltd has approved the acquisition of equity shares in three Captive Generating Plant (CGP) companies, namely Sea Sindu Green Energy Private Limited, Sri Kamakshi Wind Power Private Limited, and OM Sakthi Wind Power Private Limited. The acquisition is for the captive use of electricity by the Company and is in compliance with the minimum ownership requirement prescribed under Electricity Rules, 2005 for qualifying as a captive user. The total consideration for the acquisition is Rs. 74,09,000/- (Rupees Seventy-Four Lakhs Nine Thousand Only).