Jain Resource Recycling Limited has scheduled its Fifth Annual General Meeting (AGM) for Thursday, August 27, 2026, at 11:00 A.M. IST. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs (MCA) circulars permitting remote attendance. Shareholders are required to register their email addresses with the company or depositories to access the e-voting facility and meeting link.

Agenda and Voting Details

The ordinary business at the AGM includes the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026 (FY26). Additionally, shareholders will vote on the reappointment of Mr. Kamlesh Jain (DIN: 01447952), Chairman and Managing Director, who retires by rotation. As of the notice date, Mr. Jain holds a 65.87% stake in the company and has attended eight of nine board meetings during FY26.

Special business involves the ratification of remuneration for the Cost Auditor for FY27. The Board proposes appointing Mr. B Venkateswar, Practicing Cost Accountant, at a fee of ₹35,000 plus applicable taxes and out-of-pocket expenses. This appointment follows a recommendation by the Audit Committee.

Remote e-voting will commence on Monday, August 24, 2026, at 09:00 A.M. IST and conclude on Wednesday, August 26, 2026, at 05:00 P.M. IST. The cut-off date for determining voting rights is Thursday, August 20, 2026. M/s. BP & Associates has been appointed as the Scrutinizer to oversee the voting process.

Financial Context and Strategic Updates

The AGM coincides with the release of the company’s maiden Annual Report as a publicly listed entity, following its listing on NSE and BSE on October 1, 2025. For FY26, consolidated revenue from operations surged 48.4% year-on-year to ₹9,543.11 Crores. Profit After Tax (PAT) rose 58.8% to ₹352.22 Crores, driven by higher throughput and improved margins in copper recycling.

Strategic developments highlighted in the annual report include the commencement of copper anode production at the Jain Green Technologies Unit 3 in February 2026. The company is also expanding its global footprint through a joint venture with C&Y Group Investments Inc. (US) to establish a scrap processing facility near Mundra Port, Gujarat, slated to begin operations in September 2026.

Compliance and Disclosures

The notice emphasizes that physical attendance has been dispensed with, and proxy appointments are not available for this virtual meeting. Members wishing to inspect statutory registers, including the Register of Directors and Key Managerial Personnel, may do so electronically from the date of circulation until the AGM. The company has directed members without registered email IDs to update their details with their Depository Participants or contact the Registrar and Transfer Agent, KFin Tech Limited, to ensure receipt of future communications.

Jain Resource Recycling Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India Limited and BSE Limited, pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, submitted on August 5, 2026, forms an integral part of the company's Annual Report for FY 2025-26 and is prepared on a consolidated basis. The company, incorporated on February 25, 2022, is registered at The Lattice, 4th Floor, Old No. 7/1, New No. 20, Bishop Ezra Sargunam Road, Kilpauk, Chennai - 600 010, Tamil Nadu, India, with a paid-up capital of ₹69,01,71,628.

Business Overview and Market Presence

Jain Resource Recycling Limited operates as a non-ferrous metal recycling enterprise, with 100% of its business activity classified under manufacturing. Its product mix, as per NIC 2025 codes, comprises manufacturing of lead, zinc and tin products and alloys (NIC 242006) contributing 40% of turnover, manufacture of copper products and alloys (NIC 242002) contributing 55%, and manufacture of aluminium from alumina (NIC 242004) contributing 4%. The company operates 4 plants and 1 office nationally, with no international locations. It serves approximately 371 clients across over 20 countries, with exports contributing about 62% of total turnover.

The following table summarises the company's key financial and operational parameters for FY 2025-26:

Domestic marquee clients include Vedanta Limited, Amara Raja Batteries Limited, Luminous Power Technologies, HBL Batteries, and Chloride Metals Limited. International clients include Mitsubishi Corporation, Nissan Trading Company, Trafigura, IXM SA, Toko Company Limited, and Hodaka.

Workforce Composition and Employee Well-Being

As at the end of FY 2025-26, the company employed 443 permanent employees and engaged 1,350 other-than-permanent workers. The workforce breakdown is presented below:

The Board of Directors comprises 8 members, of whom 1 is female (12.5%). Among Key Management Personnel, there are 4 members with no female representation. Employee turnover rates for permanent employees stood at 15% (male), 36% (female), and 16% (total) in FY 2025-26, compared to 17%, 38%, and 38% respectively in FY 2024-25.

Of the 443 permanent employees, 263 (59.37%) were covered by health insurance in FY 2025-26, while 36 female employees (100% of female permanent employees) were covered under maternity benefits. Health and safety training was provided to 221 employees (49.89%) and 965 workers (71.48%) during the year. Performance and career development reviews covered 356 employees (80.36%) and 1,566 workers (116.00%).

Environmental Performance

The company's energy consumption data for FY 2025-26 and FY 2024-25 is detailed below:

Greenhouse gas emissions for FY 2025-26 included Scope 1 emissions of 26,035.51 metric tonnes of CO2 equivalent and Scope 2 emissions of 2,665.56 metric tonnes of CO2 equivalent, compared to 13,710.14 and 7,759.95 metric tonnes of CO2 equivalent respectively in FY 2024-25. Combined Scope 1 and Scope 2 emission intensity per employee stood at 64.79 tCO2e in FY 2025-26 versus 52.37 tCO2e in FY 2024-25.

On water management, total water withdrawal was 14,340 kilolitres in FY 2025-26 (FY 2024-25: 14,113 kilolitres), sourced entirely from third parties. The company has implemented a Zero Liquid Discharge (ZLD) mechanism covering manufacturing units JRR U1 and JRR U2, with all effluents treated and reused within the manufacturing process. Total hazardous waste generated was 8,127.82 metric tonnes in FY 2025-26 (FY 2024-25: 7,062.72 metric tonnes), with 7,243.72 metric tonnes disposed via landfilling.

The company has entered into long-term captive solar power agreements with a combined capacity of 5.6 MW and is developing a Green Copper Cathode project utilising rooftop solar power. Its operations are supported by an ISO 50001:2018 certified Energy Management System.

Governance, Compliance, and CSR

The company's policies across the nine NGRBC Principles are Board-approved and translated into procedures, with certifications including ISO 9001:2015, IATF 16949, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, and ISO/IEC 17025:2017 mapped to relevant principles. Policy review for Principles 1 through 6, 8, and 9 is conducted on a need-based basis by the Board of Directors, CSR Committee, or Compliance Committee as applicable. No independent external assessment of policies was carried out during the year.

A monetary penalty of ₹25,00,000/- was levied by the Securities and Exchange Board of India under Principle 1, pertaining to allegations that Mr Kamlesh Jain (Chairman) and the Jain Family Trust traded shares of Refex Industries Limited while possessing unpublished price-sensitive information. The company clarified that these allegations do not concern the company's own shares. An appeal was filed before the Securities Appellate Tribunal (SAT), which admitted the appeal and granted a stay of recovery of the penalty subject to deposit of 50% of the penalty amount within four weeks. The matter was listed for hearing on April 23, 2026.

The company's accounts payable days stood at 14 days in FY 2025-26, compared to 6 days in FY 2024-25. Purchases from trading houses as a percentage of total purchases declined to 21.06% in FY 2025-26 from 37.07% in FY 2024-25. Sales to dealers/distributors as a percentage of total sales increased to 53.33% from 41.45% over the same period.

CSR activities during FY 2025-26 spanned education promotion, women empowerment, healthcare, animal welfare, disability support, and cultural preservation. Quantifiable beneficiaries included 32 persons under Project Dhruv (education promotion), 19 women under a livelihood enhancement programme, 100 students under an education and skill development programme, and 10-20 persons under a medical relief programme, with 100% of these beneficiaries drawn from vulnerable and marginalised groups. No consumer data breaches were recorded during the year, and product-related complaints stood at 3 (FY 2024-25: 1), all resolved with nil pending at year-end.