Jain Resource Recycling has approved a corporate guarantee of ₹50 Cr for its joint venture, Jain CY Circular Solutions Private Limited, to secure banking facilities. The Borrowing and Investment Committee of the Board of Directors granted the approval on July 13, 2026. The guarantee will be issued in favour of ICICI Bank Limited to facilitate working capital and other short-term facilities for the joint venture company.

The corporate guarantee will be treated as a contingent liability in the books of accounts of Jain Resource Recycling. There is no immediate cash outflow from the company on account of the issuance of this guarantee. The transaction has been conducted in the ordinary course of business and on an arm's length basis.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the promoter, promoter group, or group companies do not hold any shares in the joint venture and therefore have no interest in this transaction.

Details of the Corporate Guarantee

The following table outlines the key particulars of the guarantee as disclosed in the filing:

Jain Resource Recycling Limited has scheduled an Extra-Ordinary General Meeting (EGM) on July 30, 2026, to seek shareholder approval for altering its Memorandum of Association (MoA) to include telecommunication infrastructure. The Board of Directors approved the proposal to insert new main objects related to telecommunication cables, optical fibre networks, and telecom towers to diversify into the digital infrastructure sector. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 11:00 A.M. (IST).

Alteration of MoA Object Clause

The proposed alteration involves inserting two new sub-clauses—7 and 8—under Clause III(A) (Main Objects) of the MoA. Sub-clause 7 authorizes the company to manufacture, install, and deal in telecommunication cables, optical fibre cables, and related products. Sub-clause 8 permits the establishment, operation, and maintenance of telecommunication infrastructure, including telecom towers, monopoles, and broadband facilities, along with providing infrastructure sharing and leasing services. The Board identified significant opportunities in the telecommunications sector to complement its existing metal recycling business.

EGM and E-voting Schedule

The EGM is set for Thursday, July 30, 2026. The company has fixed Friday, July 24, 2026, as the cut-off date for determining members eligible to vote. Remote e-voting will commence on July 27, 2026, at 9:00 A.M. and conclude on July 29, 2026, at 5:00 P.M. M/s. BP & Associates has been appointed as the Scrutinizer to oversee the e-voting process.

Appointment of Company Secretary

The board appointed Mr. Aravindkumar V as Company Secretary and Compliance Officer effective July 8, 2026, pursuant to Section 203 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and brings over 12 years of experience in secretarial and regulatory functions. The board also updated the list of Key Managerial Personnel authorized for regulatory disclosures, which includes Mr. Kamlesh Jain, Mr. Mayank Pareek, Mr. Hemant Shantilal Jain, and Mr. Aravindkumar V.