JAIN RESOURCE RECYCLING LIMITED

Key Decisions and Quantitative Figures

1. Reallocation of Unutilised IPO Proceeds

  • The Board approved the reallocation of ₹36.64 million (₹3.664 crore) from the Initial Public Offer (IPO) proceeds.
  • This amount was originally earmarked for "Issue Expenses" but remained unutilized.
  • The funds are now reallocated to "General Corporate Purposes".
  • The reallocation is stated to be:
  • (a) In accordance with the terms of the Prospectus dated September 26, 2025.
  • (b) Compliant with SEBI ICDR Regulation 7(2), as the aggregate amount for General Corporate Purposes remains within 25% of the gross proceeds of the Issue.
  • The company states this reallocation does not constitute a variation in the objects of the Issue under Section 27 of the Companies Act, 2013.
  • The reallocation will be reported in the upcoming Monitoring Agency Report and in the statement under Regulation 32 of the Listing Regulations for the relevant quarter.

2. Postal Ballot Notice for Director Appointments

The Board approved a Postal Ballot Notice to seek shareholder approval, via special resolution through remote e-voting only, for the following appointments:

  • Resolution 1: Appointment of Mr. Prakash Kumar Behera (DIN: 11878579) as an Independent Director. He was initially appointed by the Board on August 22, 2026, to fill the casual vacancy caused by the resignation of Mr. Kandaswamy Paramasivan (DIN: 10918218), Independent Director.
  • Resolution 2: Appointment of Ms. Kajal Mayur Saiya (DIN: 11319429) as an Independent Director. She was initially appointed by the Board on August 22, 2026, to fill the casual vacancy caused by the resignation of Ms. Revathi Raghunathan (DIN: 01254043), Independent Director.

Postal Ballot Schedule

The following schedule of events was approved for the Postal Ballot process:

  • Cut-off date for determining eligible Members: Friday, October 9, 2026
  • Commencement of remote e-voting: Saturday, October 17, 2026 at 9:00 A.M. (IST)
  • Conclusion of remote e-voting: Monday, November 16, 2026 at 5:00 P.M. (IST)
  • Declaration of results: On or before Wednesday, November 18, 2026

The Postal Ballot Notice will be dispatched to members and made available on the company's website (www.jainmetalgroup.com) and the websites of BSE Limited and National Stock Exchange of India Limited.

3. Scrutinizer Appointment

The Board appointed M/s. BP & Associates as the Scrutinizer to scrutinize the Postal Ballot process and submit the Scrutinizer's Report.

Financial and Operational Impact

  • The reallocation of ₹36.64 million provides additional liquidity for general corporate purposes.
  • The disclosure states no material financial impact from the director appointments, as they are to fill existing casual vacancies.