Jain Resource Recycling Limited Reports No Deviation in IPO Fund Utilization for Q3 FY26
Jain Resource Recycling Limited confirms no deviation in IPO fund utilization for the quarter ended December 31, 2025. The IPO raised ₹12,500 million (1250 crore) on September 26, 2025. Funds were allocated for debt pre-payment and general corporate purposes, with no variations reported.
This is a standard regulatory disclosure confirming that the company is adhering to its stated fund utilization plan, which typically has a low impact on the stock price.
The announcement is a routine compliance filing confirming no deviations in fund utilization, which is a neutral event for the company.
Jain Resource Recycling Limited (JAINREC) has officially confirmed that there were no deviations or variations in the utilization of its Initial Public Offering (IPO) proceeds during the quarter ended December 31, 2025. This statement is in compliance with Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company submitted a detailed statement of deviation or variation report for the aforementioned quarter, which has been thoroughly reviewed and approved by both the Audit Committee and the Board of Directors. The meeting where these approvals were granted took place on February 09, 2026.
As per the annexure, the total amount raised through the public issue on September 26, 2025, was ₹12,500 million (1250 crore). The funds were allocated for pre-payment of certain outstanding borrowings (₹3,750 million or 375 crore) and general corporate purposes (₹986.43 million or 98.643 crore). The report confirms that the utilization of these funds aligns with the original allocation, with no deviations observed for the quarter ended December 31, 2025. The statement of utilization of funds as of December 31, 2025, shows that the entire amount allocated for pre-payment of borrowings and general corporate purposes has not been utilized yet, with no deviation or variation reported.
What to do with a filing like this
Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Jain Resource Recycling Limited. Read the original for the full detail.