Jain Resource Recycling Provides ₹50 Crore Guarantee for JV
Jain Resource Recycling Limited will provide a corporate guarantee of up to ₹50 crore to ICICI Bank for its Joint Venture, Jain CY Circular Solutions Private Limited. This facility will help secure working capital for the JV. The guarantee is a contingent liability with no immediate cash outflow.
Providing a corporate guarantee of ₹50 crore, even as a contingent liability, carries a significant financial risk for the company if the JV defaults. This impacts the company's financial risk profile.
The announcement is a routine corporate action related to providing a guarantee for a joint venture. While it facilitates business operations, it also represents a contingent liability. The impact is neutral as there's no immediate financial outflow.
Jain Resource Recycling Limited announced that its Borrowing and Investment Committee, in a meeting held on July 13, 2026, approved the provision of a corporate guarantee not exceeding ₹50,00,00,000 (Rupees Fifty Crore only). This guarantee is in favor of ICICI Bank Limited and is intended to secure facilities availed by Jain CY Circular Solutions Private Limited, which is a Joint Venture Company of Jain Resource Recycling Limited.
The company clarified that the promoter, promoter group, or group companies do not hold any shares in the Joint Venture company, thus having no interest in this transaction. The corporate guarantee has been provided on an arm's length basis in the ordinary course of business. The guarantee issued to ICICI Bank Limited will be treated as a contingent liability in the company's books, with no immediate cash outflow.
The Corporate Guarantee has been issued to facilitate Jain CY Circular Solutions Private Limited in securing working capital and other short-term facilities.
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Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.