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.

Jain Resource Recycling Limited has convened its 5th Annual General Meeting for Thursday, August 27, 2026 at 11:00 A.M. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM), as notified to the stock exchanges on August 5, 2026. The meeting notice, filed in compliance with Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is accompanied by the company's Annual Report for FY 2025-26—its maiden report as a publicly listed entity following its listing on NSE and BSE on October 1, 2025.

AGM Schedule and E-Voting Details

The key procedural details for the 5th AGM are as follows:

The ordinary business at the AGM includes adoption of audited standalone and consolidated financial statements for FY 2025-26, and the re-appointment of Mr. Kamlesh Jain (DIN: 01447952), Chairman and Managing Director, who retires by rotation. Special business includes ratification of remuneration of ₹35,000/- payable to Mr. B Venkateswar, Practicing Cost Accountant, as Cost Auditor for FY 2026-27.

Financial Performance: A Landmark Year

The Annual Report for FY 2025-26 documents a strong financial performance across all key metrics. The following table summarises the consolidated financial results:

Standalone revenue from operations for FY 2025-26 stood at ₹92,311.09 Million against ₹61,432.51 Million in the previous year. Standalone Profit After Tax was ₹3,466.80 Million compared to ₹2,111.35 Million previously. On a consolidated basis, total revenue was ₹95,714.84 Million against ₹64,654.39 Million in the previous year, with consolidated Profit After Tax at ₹3,473.97 Million.

Key financial ratios for the standalone entity showed notable movements:

The decline in Return on Net Worth is attributed to the increased equity base following the IPO capital infusion.

IPO Proceeds and Capital Structure

During FY 2025-26, the company completed its Initial Public Offer of ₹1,250 Crores comprising 5,38,79,309 equity shares of face value ₹2 each at a price of ₹232 per equity share. The IPO comprised a fresh issue of 2,15,51,724 equity shares aggregating to ₹500 Crores and an Offer for Sale of 3,23,27,585 equity shares aggregating to ₹750 Crores. Bidding commenced on September 24, 2025 and concluded on September 26, 2025, with allotment finalised on September 30, 2025.

Utilisation of net IPO proceeds (₹4,736.43 Million after deducting provisional IPO expenses of ₹263.57 Million from gross proceeds of ₹5,000.00 Million) was as follows:

The Secretarial Audit Report noted that ₹540 Million from the General Corporate Purposes head was inadvertently utilised towards repayment of an unsecured loan to the Promoter. The company disclosed this as a deviation under Regulation 32 of SEBI (LODR) Regulations, 2015, and obtained shareholders' ratification via postal ballot on April 28, 2026.

Reserves and Surplus stood at ₹14,738.61 Million as on March 31, 2026, against ₹6,443.17 Million as on March 31, 2025. The paid-up equity share capital as on March 31, 2026 was ₹69,01,71,628 consisting of 34,50,85,814 equity shares of face value ₹2 each.

Strategic Developments and Expansion Initiatives

The FY 2025-26 Annual Report highlights several significant operational and strategic milestones:

Copper Value-Added Platform:

• Copper anode production commenced in February 2026 at Jain Green Technologies Unit 3 with an initial capacity of 800 MT per month
• A second furnace is in an advanced stage of installation, expected to bring total anode capacity to 1,600 MT per month by Q1 FY 2026-27
• Civil construction for the cathode facility is complete, with Phase 1 and Phase 2 commissioning targeted for Q2 and Q3 FY 2026-27 respectively
• Wire rod and busbar commissioning are targeted for August and September 2026 respectively
• The integrated copper platform is expected to improve copper segment EBITDA margins by approximately 200 to 400 basis points

Joint Venture and Global Sourcing:

• A joint venture was formed with C&Y Group Investments Inc. (US) to establish Jain CY Circular Solutions Private Limited near Mundra Port, Gujarat, planned to process 72,000 MT of copper scrap annually and generate approximately 25,000 MT of copper output per annum, with operations slated to commence in a phased manner from September 2026
• A 25% equity stake investment in M/s. Abraj Al Khaleej, Kuwait, was approved to support battery dismantling and segregation, with the project expected to be operational through FY 2026-27
• Domestic raw material sourcing increased to 39% by volume during the year

Critical Minerals and Sustainability:

• Tin recovery capacity increased from 125 MTPA to 500 MTPA following installation of an additional vacuum distillation furnace
• An antimony extraction plant is targeted for commissioning in Q3 FY 2026-27, with an estimated capex of approximately ₹20 Crores
• A dedicated standalone plastic recycling unit spanning approximately six acres with an estimated capex of ₹15 Crores is slated for commissioning in Q3 FY 2026-27

Operational Discontinuation:

• Gold and silver refining operations at Jain Ikon Global Ventures FZC (UAE) were discontinued effective April 17, 2025, due to low margins, high operating overheads, and regulatory volatility

Sustainability and Workforce

The company's sustainability dashboard for FY 2025-26 reflects the scale of its recycling operations:

The total workforce comprised 1,793 employees, including 443 permanent employees and 1,350 contract workers. Total training hours stood at 1,605, with safety training hours at 918. CSR expenditure of ₹5,30,58,141 exceeded the statutory obligation of ₹3,95,84,773, resulting in an excess spend of ₹1,78,55,040 available for set-off in succeeding financial years.

The Board of Directors has not recommended any dividend for FY 2025-26, citing future growth plans and capital requirements.