5445372026-07-012026-09-305445372026-09-305445372026-03-315445372026-04-012026-09-305445372026-07-012026-09-30in-capmkt:OtherExpenses1Member5445372026-04-012026-09-30in-capmkt:OtherExpenses1Member5445372026-09-30OtherNoncurrentFinancialAssetsDomain15445372026-09-30OtherNoncurrentAssetsDomain15445372026-09-30OtherNoncurrentAssetsDomain25445372026-09-30OtherCurrentFinancialAssetsDomain15445372026-09-30OtherCurrentAssetsDomain15445372026-09-30OtherNoncurrentFinancialLiabilitiesDomain15445372026-09-30OtherCurrentFinancialLiabilitiesDomain15445372026-09-30OtherCurrentFinancialLiabilitiesDomain25445372026-09-30OtherCurrentLiabilitiesDomain15445372026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15445372026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15445372026-07-012026-09-30RelatedPartyTransactionDomain15445372026-06-30RelatedPartyTransactionDomain15445372026-09-30RelatedPartyTransactionDomain15445372026-07-012026-09-30RelatedPartyTransactionDomain25445372026-06-30RelatedPartyTransactionDomain25445372026-09-30RelatedPartyTransactionDomain25445372026-07-012026-09-30RelatedPartyTransactionDomain35445372026-06-30RelatedPartyTransactionDomain35445372026-09-30RelatedPartyTransactionDomain35445372026-07-012026-09-30RelatedPartyTransactionDomain45445372026-06-30RelatedPartyTransactionDomain45445372026-09-30RelatedPartyTransactionDomain45445372026-07-012026-09-30RelatedPartyTransactionDomain55445372026-06-30RelatedPartyTransactionDomain55445372026-09-30RelatedPartyTransactionDomain55445372026-07-012026-09-30RelatedPartyTransactionDomain65445372026-06-30RelatedPartyTransactionDomain65445372026-09-30RelatedPartyTransactionDomain65445372026-07-012026-09-30RelatedPartyTransactionDomain75445372026-06-30RelatedPartyTransactionDomain75445372026-09-30RelatedPartyTransactionDomain75445372026-07-012026-09-30RelatedPartyTransactionDomain85445372026-06-30RelatedPartyTransactionDomain85445372026-09-30RelatedPartyTransactionDomain85445372026-07-012026-09-30RelatedPartyTransactionDomain95445372026-06-30RelatedPartyTransactionDomain95445372026-09-30RelatedPartyTransactionDomain95445372026-07-012026-09-30RelatedPartyTransactionDomain105445372026-06-30RelatedPartyTransactionDomain105445372026-09-30RelatedPartyTransactionDomain105445372026-07-012026-09-30RelatedPartyTransactionDomain115445372026-06-30RelatedPartyTransactionDomain115445372026-09-30RelatedPartyTransactionDomain115445372026-07-012026-09-30RelatedPartyTransactionDomain125445372026-06-30RelatedPartyTransactionDomain125445372026-09-30RelatedPartyTransactionDomain125445372026-07-012026-09-30RelatedPartyTransactionDomain135445372026-06-30RelatedPartyTransactionDomain135445372026-09-30RelatedPartyTransactionDomain135445372026-07-012026-09-30RelatedPartyTransactionDomain145445372026-06-30RelatedPartyTransactionDomain145445372026-09-30RelatedPartyTransactionDomain145445372026-07-012026-09-30RelatedPartyTransactionDomain155445372026-06-30RelatedPartyTransactionDomain155445372026-09-30RelatedPartyTransactionDomain155445372026-07-012026-09-30RelatedPartyTransactionDomain165445372026-06-30RelatedPartyTransactionDomain165445372026-09-30RelatedPartyTransactionDomain165445372026-07-012026-09-30RelatedPartyTransactionDomain175445372026-06-30RelatedPartyTransactionDomain175445372026-09-30RelatedPartyTransactionDomain175445372026-07-012026-09-30RelatedPartyTransactionDomain185445372026-06-30RelatedPartyTransactionDomain185445372026-09-30RelatedPartyTransactionDomain185445372026-07-012026-09-30RelatedPartyTransactionDomain195445372026-06-30RelatedPartyTransactionDomain195445372026-09-30RelatedPartyTransactionDomain195445372026-07-012026-09-30RelatedPartyTransactionDomain205445372026-06-30RelatedPartyTransactionDomain205445372026-09-30RelatedPartyTransactionDomain205445372026-07-012026-09-30RelatedPartyTransactionDomain215445372026-06-30RelatedPartyTransactionDomain215445372026-09-30RelatedPartyTransactionDomain215445372026-09-30Statement15445372026-07-012026-09-30Statement15445372026-09-30StatementDynamic1I1Statement15445372026-09-30StatementDynamic1I2Statement15445372026-09-30StatementDynamic1I3Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares544537JAINRECNOTLISTEDINE0YD401026Jain Resource Recycling LimitedMain BoardEquity2026-04-012027-03-312026-11-032026-10-29INRMillionsQuarterlySecond quarterSingle segmentRecycling of Diversified Metals2026-11-0311:35:002026-11-0311:50:00trueCash Flow IndirectNot applicabletruetrueNANAfalsetrue2026-08-03https://jainmetalgroup.com/Pdf/disclosures-under-regulation/policy-on-related-party-transactions.pdftrue1falseIt is not applicable to the company.2026-07-012026-09-30UnauditedStandalone30247540000210640000304581800002703017000038443000092424000010588000018830000031910000505890000291708200001287360000-232700001264090000511800000-17902000033278000009313100000000931310000363000093494000069017000022.72.7002.72.71) The above unaudited standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 03, 2026 and has been subjected to review by the Statutory Auditors of the Company. These unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) 34 on 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013, as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended. <br /> 2) The Company completed its Initial Public Offering (“IPO”) comprising 53,879,309 equity shares of face value Rs.2 each at an issue price of Rs.232 per share. The IPO included a fresh issue of 21,551,724 equity shares by the Company and an offer for sale of 32,327,585 equity shares by the selling shareholders. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on October 01, 2025. <br /> <br /> 3) The schedule below provides details of the utilisation of net proceeds from the IPO: <br /> <br /> Object of Issue Amount as per the prospectus "Revised Amount <br /> (refer note no (iii) below)" Utilized as at September 30, 2026 Unutilized as at September 30, 2026 <br /> <br /> a) Pre- payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company 3,750.00 3,750.00 3,750.00 - <br /> b) General Corporate Purposes* 591.08 986.43 986.43 - <br /> Total* 4,341.08 4,736.43 4,736.43 - <br /> *The amount to be utilized for general corporate purpose shall not exceed 25% of the gross proceeds, in accordance with SEBI ICDR Regulations. <br /> <br /> (i) Amount utilized as at September 30, 2026, includes Rs. 540 million used towards repayment of loans taken by the Company from the promoter pursuant to approval from Board of Directors in their meeting held on September 26, 2025. <br /> <br /> (ii) The Company has obtained Shareholder's approval vide postal ballot resolution dated April 28, 2026, ratifying utilisation of IPO proceeds under General Corporate Purposes towards repayment of unsecured loan to the promoter of Rs. 540 million <br /> <br /> (iii) The revised amount is on account of lesser actual issue expenses as compared to estimated issue expenses included in prospectus which includes issue expenses pertaining to selling shareholders. <br /> (iv) The company had set aside an amount of Rs. 263.57 million from the IPO proceed against issue expenses. The actual issue expenses was Rs. 226.93 million, resulting in an unutilised balance of Rs. 36.64 million which was then reallocated to General Corporate Purposes pursuant to circular resolution dated October 7, 2026. <br /> <br /> 4) Pursuant to the definitive agreement dated July 19,2025, the Company has received the full repayment of the loan and interest from Sun Minerals Mannar Private Limited during the year ended March 31, 2026. The proposed sale of the Company’s 28.88% equity interest remains pending as on the date of these results. <br /> <br /> 5) a) Pursuant to the approval of the Board of Directors in their meeting held on October 8, 2025 and the Joint Venture Agreement signed on October 22, 2025 between the Company and C&Y Group Investments, Inc., “Jain CY Circular Solutions Private Limited” , a Joint Venture, was incorporated on December 08, 2025. During the previous year ended March 31, 2026, the Company has subscribed to 26,00,000 shares of Rs. 10 each, aggregating to Rs. 26.00 million. C&Y Group Investments, Inc. have also contributed to its share of the equity share capital of the Joint Venture. <br /> b) During the Six months ended September 30, 2026, the Company granted a loan of Rs. 197.37 Million to Jain CY Circular Solutions Private Limited, on the terms approved by the Board of Directors at its meeting held on February 09, 2026. The loan carries interest linked to the yield on the benchmark 10-year Government of India Security (G-Sec) and is repayable on demand.During the period ended September 30, 2026, the Company provided a corporate guarantee aggregating Rs. 1,000 Million in favour of ICICI Bank Limited on behalf of Jain CY Circular Solutions Private Limited. The guarantee was approved by the Borrowings & Investment Committee of the Board of Directors in two tranches of Rs. 500 Million each, at its meetings held on July 13, 2026 and September 17, 2026. <br /> c) Pursuant to the revised agreement dated July 1, 2026, the Company has obtained control over Jain CY Circular Solutions Private Limited, which was hitherto classified as a Joint Venture. Accordingly, the said entity has been reclassified as a Subsidiary with effect from July 1, 2026, and its financial results are consolidated with those of the Company from the date on which control was obtained, in accordance with the applicable Indian Accounting Standards. <br /> <br /> 6) Segment information has been provided in the unaudited consolidated financial results for the six months and quarter ended September 30, 2026 as per para 4 of Indian Accounting Standard (Ind AS) 108 “Operating Segments”, specified under Section 133 of the Companies Act, 2013. <br /> <br /> 7) On November 21, 2025, the Govemment of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. The Company has concluded the salary restructuring exercise in compliance with the Labour Codes. The implementation of the Labour Code has resulted in a net increase of Rs. 7.14 million in the provision for gratuity which has been recognised as employee benefit expense in the previous year. <br /> <br /> 8) On July 14, 2026, an accident involving a furnace explosion occurred at a section of the Company’s manufacturing facility at Gummudipoondi, resulting in damage to certain property, plant and equipment and inventories. The Company has assessed the extent of the damage and identified a loss of Rs. 18.56 million on property, plant and equipment and Rs.4.71 million on inventories, aggregating Rs.23.27 million. The Company has lodged a claim with its insurers, and the claim is under process. Pending its settlement, no amount has been recognised as recoverable from insurance in these financial results. <br /> <br /> 9) The Company had executed a Loan Conversion Agreement on August 25, 2026 with its subsidiary, Jain Ikon Global Ventures FZC for converting the outstanding loan of Rs.445 Million (approx) as on August 24, 2026 into equity shares of Jain Ikon Global Ventures FZC at face value. The aforesaid loan conversion is pending approvals from the statutory authorities. <br /> <br /> 10) Figures of previous periods/ year have been regrouped, wherever necessary. There has been no material regrouping during the period. <br /> <br /> 11) The above unaudited standalone financial results are available on the Company's website viz. www.jainmetalgroup.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). <br /> 2026-04-012026-09-30UnauditedStandalone566586000003370700005699567000050858500000678050000161223000020134000037085000063330000951100000547354000002260270000-232700002237000000876210000-29739000057882000001658180000000016581800003020000166120000069017000024.814.81004.814.81Other Expenses505890000Other Expenses9511000006999600005585000002200001398800001900003999000018006000024169000011777800001139131000019367000058549000002849100001472070000514202000023062000013178190000807356000032643060000338208400006901700001639976000017089930000170899300004910000285800003349000049180000144040000022671000091212400001357200005512570000564829000010276300001579716000020531000013200000488530000165042000001673091000033820840000Other Financial Assets39990000Other Non Current Assets124190000Right-of-Use Assets117500000Other Financial Assets230620000Other Current Assets8073560000Lease Liabilities28580000Other Financial Liabilities1019950000Lease Liabilities7680000Other Current Liabilities2053100003708500001448680000-125436000000-19774600000002290960000013362000006333000000149000000002045600000239791000000000327046000055074600000004793300005890000503402000000000000607000019361000000000000000002889780000000020627000001278120000-15929300000000000003414720000004267500000-7560000-3849030000-4079400000-407940000692850000284910000Remeasurement of defined benefit plan48500004850000Remeasurement of defined benefit plan404000040400001220000102000036300003020000JAIN RESOURCE RECYCLING LIMITED******JAIN GREEN TECHNOLOGIES PRIVATE LIMITED******WHOLLY OWNED SUBSIDIARYLoan4500000000Approved45000000002026-11-03450000000004500000000JAIN RESOURCE RECYCLING LIMITED******JAIN GREEN TECHNOLOGIES PRIVATE LIMITED******WHOLLY OWNED 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Income1350000Approved13500002026-11-03135000001350000JAIN RESOURCE RECYCLING LIMITED******JAIN GREEN TECHNOLOGIES PRIVATE LIMITED******WHOLLY OWNED SUBSIDIARYAny other transactionGuarantee Income3530000Approved35300002026-11-03353000003530000JAIN RESOURCE RECYCLING LIMITED******Jain Ikon Global Ventures FZC******FOREIGN SUBSIDIARYInterest received20270000Approved202700002026-11-0320270000020270000JAIN RESOURCE RECYCLING LIMITED******JAIN CY CIRCULAR SOLUTIONS PRIVATE LIMITED******SUBSIDIARYPurchase of goods or services22010000Approved220100002026-11-0322010000022010000JAIN RESOURCE RECYCLING LIMITED******JAIN CY CIRCULAR SOLUTIONS PRIVATE LIMITED******SUBSIDIARYSale of fixed assets2420000Approved24200002026-11-03242000002420000JAIN RESOURCE RECYCLING LIMITED******JAIN CY CIRCULAR SOLUTIONS PRIVATE LIMITED******SUBSIDIARYAny other transactionService Income4460000Approved44600002026-11-03446000004460000JAIN RESOURCE RECYCLING LIMITED******JAIN CY CIRCULAR SOLUTIONS PRIVATE LIMITED******SUBSIDIARYInterest received2630000Approved26300002026-11-03263000002630000JAIN RESOURCE RECYCLING LIMITED******JAIN CY CIRCULAR SOLUTIONS PRIVATE LIMITED******SUBSIDIARYLoan197370000Approved1973700002026-11-031973700000197370000JAIN RESOURCE RECYCLING LIMITED******KAMLESH JAIN******PROMOTERInterest paid10000Approved100002026-11-0310000010000JAIN RESOURCE RECYCLING LIMITED******KAMLESH JAIN******PROMOTERAny other transactionRent3560000Approved35600002026-11-03356000003560000JAIN RESOURCE RECYCLING LIMITED******GEETHA JAIN******RELATIVE OF PROMOTERAny other transactionRent Paid6590000Approved65900002026-11-03659000006590000JAIN RESOURCE RECYCLING LIMITED******MAHIMA JAIN******RELATIVE OF PROMOTERAny other transactionConsultancy Charges90000Approved900002026-11-0390000090000JAIN RESOURCE RECYCLING LIMITED******THE CAUSE WEAR******ENTITY IN WHICH RELATIVE OF PROMOTER IS A PARTYPurchase of goods or services260000Approved2600002026-11-032600000260000JAIN RESOURCE RECYCLING LIMITED******KAMLESH JAIN******PROMOTERRemuneration18000000Approved180000002026-11-0318000000018000000JAIN RESOURCE RECYCLING LIMITED******Jain Ikon Global Ventures FZC******FOREIGN SUBSIDIARYLoan444640000Approved4446400002026-11-03444640000008459540000Public Issues2025-09-2650000000002026-09-30trueCRISIL RATINGS LIMITEDfalseNot ApplicableNot ApplicableNot ApplicableARAVINDKUMAR VCompany Secretary and Compliance OfficerChennai2026-11-03Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our CompanNot Applicable3750000000037500000000Fully utilisedGeneral Corporate PurposeNot Applicable5910800009864300009864300000Revised by the Board on February 9, 2026. Fully utilised in the earlier quarter.Issue ExpenseNot Applicable6589200002635700002269300000Unutilised Rs. 36.64 million held in the Monitoring Account.