Jain Resource Recycling Limited has provided corporate guarantees aggregating to ₹150 crore on behalf of its wholly owned subsidiary, Jain Green Technologies Private Limited (JGT). The guarantees were issued on October 16, 2026, in favor of two lenders to secure credit facilities availed by JGT.
Guarantee Details
- Yes Bank Limited: ₹50 crore corporate guarantee
- RBL Bank Limited: ₹100 crore corporate guarantee
- Total guarantee amount: ₹150 crore
Approval and Governance
The provision of these corporate guarantees was approved by the Borrowing and Investment Committee of the Board of Directors at its meeting held on October 13, 2026. The meeting commenced at 12:00 PM (IST) and concluded at 12:15 PM (IST). The committee acted pursuant to authority delegated by the Board of Directors and within approved limits.
Transaction Nature and Exemption
The promoter/promoter group have no interest in this transaction. The guarantees are provided by the parent company to its wholly owned subsidiary. The transaction is exempt from Regulation 23 requirements under Regulation 23(5)(b) of SEBI Listing Regulations.
Purpose and Terms
The corporate guarantees secure working capital and other short-term credit facilities availed by Jain Green Technologies Private Limited from the respective lenders.
Financial Impact
The corporate guarantees will be treated as contingent liability in the books of account of Jain Resource Recycling Limited. There is no immediate cash outflow from the Company on account of issuance of these corporate guarantees.