Integrated Filing-Governance



General information about company

Scrip Code 544537
NSE Symbol JAINREC
MSEI Symbol NOTLISTED
ISIN INE0YD401026
Name of the entity JAIN RESOURCE RECYCLING LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity During the quarter and year ended March 31, 2026, the Company has neither advanced any loans or other forms of debt nor provided any guarantee, comfort letter, or security, directly or indirectly, in connection with any loans or other forms of debt availed by the Promoter, Promoter Group, Directors (including their relatives), Key Managerial Personnel, or any entity controlled by them.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Any other
Is SCORE ID Available ? Yes
SCORE Registration ID comj00437
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory 1. Position of Chairperson and Managing Director is held by the same person.Further, Mr. Kamlesh Jain, being a Promoter of the Company, is categorised as Chairperson related to Promoter in the XBRL filing. 2. Mr. Mayank Pareek is the Joint Managing Director. hence, categorized as MD
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Kamlesh Jain 01447952 Executive Director Chairperson related to Promoter MD 30-Jun-1968 No Active NA 30-Sep-2022 1 0 0 0
2 Mr. Mayank Pareek 00595657 Executive Director Not Applicable MD 01-Nov-1972 No Active NA 25-Feb-2025 1 0 2 0
3 Mr. Hemant Shantilal Jain 06545627 Executive Director Not Applicable 09-May-1984 No Active NA 25-Feb-2025 1 0 1 0
4 Mr. Sanchit Jain 08751991 Executive Director Not Applicable 01-Dec-1996 No Active NA 21-Oct-2025 1 0 0 0
5 Mr. Rajendra Kumar Prasan 00835879 Non-Executive - Independent Director Not Applicable 13-May-1970 No Active NA 19-Mar-2025 12.12 2 2 3 1
6 Ms. Revathi Raghunathan 01254043 Non-Executive - Independent Director Not Applicable 23-Mar-1966 No Active NA 19-Mar-2025 12.12 3 3 5 2
7 Mr. Jayaramakrishnan Kannan 06551104 Non-Executive - Independent Director Not Applicable 24-Mar-1954 No Active NA 19-Mar-2025 12.12 5 5 4 2
8 Mr. Kandaswamy Paramasivan 10918218 Non-Executive - Independent Director Not Applicable 30-Apr-1963 No Active NA 19-Mar-2025 12.12 1 1 1 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01254043 Revathi Raghunathan Non-Executive - Independent Director Chairperson 21-Mar-2025
2 10918218 Kandaswamy Paramasivan Non-Executive - Independent Director Member 21-Mar-2025
3 00595657 Mayank Pareek Executive Director Member 21-Mar-2025



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 10918218 Kandaswamy Paramasivan Non-Executive - Independent Director Chairperson 21-Mar-2025
2 01254043 Revathi Raghunathan Non-Executive - Independent Director Member 21-Mar-2025
3 06551104 Jayaramakrishnan Kannan Non-Executive - Independent Director Member 21-Mar-2025



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00835879 Rajendra Kumar Prasan Non-Executive - Independent Director Chairperson 21-Mar-2025
2 06545627 Hemant Shantilal Jain Executive Director Member 21-Mar-2025
3 00595657 Mayank Pareek Executive Director Member 21-Mar-2025



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08751991 Sanchit Jain ED Chairperson 09-Feb-2026
2 00595657 Mayank Pareek ED Member 09-Feb-2026
3 06551104 Jayaramakrishnan Kannan ID Member 09-Feb-2026



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 21-Oct-2025 Yes 7 7 4
2 09-Feb-2026 110 Yes 8 8 4
3 14-Feb-2026 4 Yes 8 8 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 21-Oct-2025 Yes 3 3 2 0
2 Audit Committee 09-Feb-2026 110 Yes 3 3 2 0
3 Nomination and remuneration committee 21-Oct-2025 Yes 3 3 2 0
4 Nomination and remuneration committee 09-Feb-2026 110 Yes 3 3 3 0
5 Stakeholders Relationship Committee 31-Mar-2026 49 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory BIBHU KALYAN RAUTA
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://jainmetalgroup.com/disclosure-regulation.php
1.2 Memorandum of Association and Articles of Association Yes https://jainmetalgroup.com/memorandum-articles-association.php
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://jainmetalgroup.com/about-us.php
2 Terms and conditions of appointment of independent directors Yes https://jainmetalgroup.com/terms-and-conditions-for-appointment-of-independent-directors.php
3 Composition of various committees of board of directors Yes https://jainmetalgroup.com/composition-various-committees-board-directors.php
4 Code of conduct of board of directors and senior management personnel Yes https://jainmetalgroup.com/code-of-conduct-for-board-of-directors-and-senior-management.php
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://jainmetalgroup.com/vigil-mechanism-whistle-blower-policy.php
6 Criteria of making payments to non-executive directors Yes https://jainmetalgroup.com/criteria-for-making-payment-to-non-executive-directors.php
7 Policy on dealing with related party transactions Yes https://jainmetalgroup.com/policy-dealing-related-party-transactions.php
8 Policy for determining material subsidiaries Yes https://jainmetalgroup.com/policy-determining-material-subsidiaries.php
9 Details of familiarization programmes imparted to independent directors Yes https://jainmetalgroup.com/familiarization-programmes-Imparted-to-independent-directors.php
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://jainmetalgroup.com/contact-officials-handling-investor-grievances.php
11 Email address for grievance redressal and other relevant details Yes https://jainmetalgroup.com/grievance-redressal-details.php
12 Financial results Yes https://jainmetalgroup.com/financial-information.php
13 Shareholding pattern Yes https://jainmetalgroup.com/shareholding-pattern-d.php
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://jainmetalgroup.com/schedule-analysts-or-institutional-investors-presentations.php
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://jainmetalgroup.com/schedule-analysts-or-institutional-investors-presentations.php
16 New name and the old name of the listed entity Yes https://jainmetalgroup.com/name-changes.php
17 Advertisements as per regulation 47 (1) Yes https://jainmetalgroup.com/information-published-newspapers.php
18 Credit rating or revision in credit rating obtained NA
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://jainmetalgroup.com/financial-statements-subsidiary-companies.php
20 Secretarial compliance report Yes https://jainmetalgroup.com/disclosure-regulation.php
21 Materiality policy as per regulation 30 (4) Yes https://jainmetalgroup.com/Policy-determination-materiality-events-information.php
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://jainmetalgroup.com/contact-details-Key-managerial-personnel.php
23 Disclosures under regulation 30(8) Yes https://jainmetalgroup.com/disclosure-other-events-or-information.php
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://jainmetalgroup.com/statement-deviation-variation.php
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://jainmetalgroup.com/dividend-distribution-policy.php
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://jainmetalgroup.com/annual-returns.php
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://jainmetalgroup.com/result-report-presentation.php
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://jainmetalgroup.com/result-report-presentation.php
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) No The applicability of Risk Management Committee became applicable from December 31, 2025 based on the Market Capitalisation categorised by the NSE. And the Company constituted the committee on 09-02-2026.
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) NA
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory BIBHU KALYAN RAUTA
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory BIBHU KALYAN RAUTA
Designation of person Company Secretary and Compliance Officer
Place Chennai
Date 30-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies During the quarter ended December 31, 2025, Jain Resource Recycling Limited held 94.55% of the share capital of Jain CY Circular Solutions Private Limited (CIN: U38300TN2025PTC186805), an unlisted private limited company. Subsequent to the quarter, the said unlisted company completed a private placement of 49,94,500 equity shares of face value Rs. 10/- each at par, aggregating to Rs. 4,99,45,000/-, pursuant to a Special Resolution dated 24/12/2025 and Board Resolution dated 14/01/2026. As a result of this fresh allotment to C&Y Group Investments Inc., USA, Jain Resource Recycling Limited and Mr. Atul Pareek, the holding of Jain Resource Recycling Limited in Jain CY Circular Solutions Private Limited stood reduced from 94.55% to 52.00%. The reduction of 42.55% is solely on account of dilution arising from the said fresh issue and does not involve any outright sale or transfer of shares by the Jain Resource Recycling Limited.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 Jain CY Circular Solutions Private Limited 08-Dec-2025 94.5500 -42.5500 52.00
2 Sea Sindu Green Energy Private Limited 30-Mar-2026 0 26.00 26.00
3 Sri Kamakshi Wind Power Private Limited 30-Mar-2026 0 26.00 26.00
4 OM Sakthi Wind Power Private Limited 30-Mar-2026 0 26.00 26.00


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Securities Exchange Board of India (SEBI) Stay order allowing the respondent to file reply to the authority within three weeks of from 30th January 2026 30-Jan-2026 SAT admitted the appeal filed by Mr. Kamlesh Jain, Promoter and Managing Director, against SEBI's Order dated December 12, 2025. The Tribunal granted a stay of recovery of the penalty, subject to deposit of 50% of the penalty amount within four weeks. SEBI has been granted six weeks’ time to file its reply. The matter is listed for hearing on April 23, 2026. No direct financial implication on the company, as the appeal has been filed by Mr. Kamlesh Jain, Promoter and Managing Director in his individual capacity.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 CBIC 06-Jun-2018 It has been alleged by the department that Jain Metal Rolling Mills has availed CENVAT credit based on invoices during the month of June 2012 from Moral Alloys Private Limited although goods have not been actually received. Further to the personal hearing of the assessee, the Asst. Commissioner of GST & Central Excise has issued an order dated June 6, 2018 levying penalty of Rs. 37,96,211, being the excise duty on these invoice for which CENVAT credit has been availed by the assessee. The assessee has made an appeal against the same before Commissioner (Appeals) Central Excise during September 2018 and the matter is pending before Commissioner (Appeals). The assessee has made a pre-deposit of 7.50% of the demand for the purpose of filing the appeal. No change in status
2 CBIC 12-Jan-2022 Pursuant to the search conducted at 5 premises of Jain Metal Rolling Mills and its promoter on December 3, 2014, the Commissioner of GST & Central Excise has passed an order on September 30, 2021 alleging that the assessee has removed Lead Ingots from the Factory during the period March 2014 to November 2014 without payment of applicable Excise duty of Rs. 3,22,50,249 and non-payment of excise duty on Plastic recovered from Battery Scrap Rs. 26194 including interest. The same has been alleged by the department based on the Packing Slips which did not have corresponding Excise Invoices. Further, the department has alleged that applicable service tax has not been paid on the Packing and Forwarding charges. Appeal was filed by the Assessee before Customs, Excise and Service Tax Appellate Tribunal on January 12, 2022 and the matter is pending before CESTAT. No change in status
3 CBIC 11-Aug-2022 Jain Metal Rolling Mills had purchased TIN ingots from Malaysia Smelting Corporation, Malaysia and had availed preferential duty under Notification 46/2011. However, the Certificate of Origin issued in favour of Malaysia Smelting Corporation was revoked. Hence the department had raised duty demand of Rs. 1,33,53,434 on Jain Metal Rolling Mills. The Company had filed a writ petition before the Madras High Court to quash the show cause notice. However, the same was dismissed by the Madras High Court. Further to this, the Company filed an appeal before Commissioner of Customs (Appeal) which rejected the appeal. Subsequently, the Company has filed an appeal before CESTAT and the matter is pending. No change in status
4 CBIC 06-Feb-2024 Further to the audit of records of Jain Metal Rolling Mills for the period July 2017 to March 2020, the department has raised a demand that the assessee has claimed excess ITC when compared between GSTR 2A and GSTR 3B, non-payment of tax under RCM, short payment of IGST and wrong availment of ineligible ITC. The amount of demand is Rs. 92,19,535 (including 9,00,448 penalty amount). Jain Metal Rolling Mills has appealed the matter before GST Appellate Authority and the matter is pending No change in status
5 CBIC 24-Feb-2024 Demand raised by the department alledging delay in filing of returns and applicable interest and excess input tax credit availed by the assessee for the period 2021-22 when compared with GSTR 2A. The amount of demand is Rs. 31,54,892. Further to this, the assessee has filed an appeal before GST Appellate Authority and the matter is pending. No change in status
6 CBIC 24-Feb-2024 Demand raised by the department alledging delay in filing of returns and applicable interest and difference in stock for the period 2022-23 (physical stock vs system stock). The amount of demand is Rs. 1,10,361. Further to this, the assessee has filed an appeal before GST Appellate Authority and the matter is pending. No change in status
7 CBIC 20-Mar-2024 Demand raised by the department alledging wrong carried forward of CENVAT credit for the period 2017-18 to the tune of Rs. 7,76,893, interest of Rs. 8,55,902 and penalty of Rs. 77,689. Further to this, the assessee has filed an appeal before GST Appellate Authority and the matter is pending No change in status
8 CBIC 26-Jun-2024 Demand raised by the department alledging difference of input tax credit in annual return and applicable interest and non reversal of blocked credit for the period 2020-21 . The amount of demand is Rs. 7,72,774. Further to this, the assessee has filed an appeal before GST Appellate Authority and the matter is pending. No change in status
9 CBIC 27-Jul-2024 Show Cause Notice issued by the Office of the Commissioner of Customs, Chennai dated June 27, 2024 alledging that Copper Scrap Druid as Perisri and other imported by Jain Recycling under Advance Authorisation for deemed exports and hence the importer is not eligible for exemption from IGST as claimed by the importer. In view of this, the importer is liable to pay Rs. 1,55,01,978 towards short payment of IGST along with interest and penalty. Penalty imposed equals the amount of differential liability being paid. Further, order stated that, as the goods have already been cleared, a redemption fine of 50 Lakh is imposed. No change in status
10 CBIC 06-Aug-2024 Notice received from Additional Commissioner of Customs dated August 6, 2024 informing that the Lead Scrap Radio imported by Jain Resource Recycling Private Limited from M/s. Vector Freight Forwarders is to be categorised as ammunition and required license to import. In view of this, the goods valued at Rs. 28.64 lakhs was confiscated and a penalty of Rs. 290,000 has been imposed No change in status
11 CBIC 10-Oct-2024 Notice received from Additional Commissioner of Customs dated October 10, 2024 informing that Lead Scrap Rails imported by Jain Resource Recycling Private Limited are liable to be confiscated as the importer has not produced mandatory Pre-Shipment Inspection Certificate. In view of this, the goods valued at Rs. 62.42 lakhs has been confiscated with an option to the importer to redeem the good after payment of a fine of Rs. 10,000. Also, a penalty of Rs. 25000 has been levied No change in status
12 CBIC 03-Mar-2025 1. Department has sent a communication dated October 1, 2024 intimating discrepancies in the GST Return filed by the Company on the following: a) Excess input credit claimed when compared between GSTR 3B and GSTR 2A - Rs. 8,28,083 b) Interest for late payment of tax under GSTR 3B - Rs. 2,147 c) Interest on late payment of RCM - Rs. 16,163 d) late fee for delay in filing GSTR 3B and GSTR 1 - Rs. 3,350 2. Notice received from the GST department dated October 4, 2024 intimating discrepancies in the GST return in respect of difference in ITC availed in respect of Import of goods show in GSTR 3B and GSTR 2A to the tune of Rs. 1,93,23,399 Consequently, combined order dated 27-02-25 for the 2 cases was passed amounting to Rs.2,32,48,558/- as the demand (inclusive of interest). No change in status
13 CBIC 27-Jun-2025 9. CBIC 13 27-06-2025 Audit for the period April 2020 to March 2023 was conducted by the GST department. The department has issued the audit report with the following observations: a) short payment of GST when compared between GSTR 1 and GSTR 3B - Rs. 61,501 b) non-payment of interest for delayed payment - Rs. 104,537 c) non-reversal of ITC in GSTR 3B - Rs. 86,96,656 d) non-payment of GST under RCM - Rs. 4,708 e) non-reversal of ITC as supplier not filed GSTR 3B - Rs. 2506 A new order was issued on 28 February 2025 with below remarks, 1)Dropped liability of c point mentioned above to 34,21,080 2)Ordered for recovery of 68,715(as mentioned in points a,d,e above) 3)Ordered for recovery of 53,263 as interest and 3,48,978 as penalty No change in status
14 CBIC 17-Mar-2026 Not applicable Show Cause Notice bearing no. 49/2026 (DC) issued by the department with respect to the GST Audit carried for the financial years 2021-22 to 2023-24. The amount of demand is Rs.1,78,93,661. Further, the matter is pending.
15 DT - Income Tax Department 20-Nov-2025 An Order u/s. 143(3) read with section 144B of the Income tax Act has been passed on March 2025 resulting in a demand of Rs. 2,58,49,640/- along with an Interest of Rs.31,01,952/-. A appeal vide Form 35 has been filed by the Company. Appeal has allowed by the department and final demand received for Rs. 6,69,680/- Rectification for the demand amount of 6,69,680/- has been filed.
16 DT - Income Tax Department 28-Oct-2024 Section 143(1)(b) - Difference in TDS/TCS Credits - Intimation dated October 28, 2024 received under Section 143(1) demanding tax of Rs. 82,530. The same pertains to difference between the TDS credit claimed by the assessee and the credit allowed by the department in the intimation. The Company has replied to the department on November 16, 2024. No change in status
17 DT - Income Tax Department 30-Dec-2021 Section 143(1)(a) - EPF Contribution Disallowance - In the intimation under Section 143(1) dated December 30, 2021,demanding tax of Rs.62,050 the department has disallowed the EPF contribution alledging that the said contribution for the month of March 2020 was paid after the due date. The assessee has responded that the payment was made on March 16, 2020 which was the due date as the actual due date of March 15, 2020 was a Sunday. No change in status