Jain Resource Recycling Jumps 5.10% As It Incorporates New Subsidiary

Chennai, October 9, 2025: Jain Resource Recycling Limited’s share price is witnessing a significant rally today, after the company announced the formation of a new subsidiary to strengthen its circular economy and metal recycling operations. As of 12:40 PM, the shares were up by 5.10%, or 16.58 points, and were trading at ₹341.84. Until now, the shares have traded within a range of ₹356.60 and ₹320.30. The traded volume stood at 1.55 crore shares, with the company’s market cap at ₹11,224 crore. The shares have their 52-week high at ₹356.60 and 52-week low at ₹247.57.

Jain Resource Recycling Limited is an Indian company that recycles and manufactures non-ferrous metal products. The company was established in 2022 and is headquartered in Chennai, Tamil Nadu. The shares of the company are only listed on NSE with the ticker symbol JAINREC and on BSE with the code 544537.

Incorporation of New Subsidiary

The rise in the share price comes after the company announced the formation of a new subsidiary to strengthen its circular economy and metal recycling operations. The board held a meeting yesterday, on October 8, and approved the incorporation of a wholly owned subsidiary. The incorporation has been approved under the proposed names “Jain CY Circular Solutions Private Limited” or “Jain CY Recycling Private Limited”.

Once approved, the subsidiary will operate within the metal recycling, processing, and alloy manufacturing industry. It will manufacture both ferrous and non-ferrous segments. The new unit will process scrap materials, manufacture and trade ingots, billets, wires, tubes, and other metal and alloy products. Furthermore, the company announced that the subsidiary will also engage in import-export of recyclable metals. Jain Resource Recycling will hold a 55% stake in the entity, with an initial capital infusion in cash form.

Change in Registered Address

Along with the proposal of incorporating a new subsidiary, the company also announced a change in the street name of its registered office. The new address is – The Lattice, Old No. 7/1, New No. 20, 4th Floor, Bishop Ezra Sargunam Road, Kilpauk, Chennai – 600010, Tamil Nadu.

REF:https://nsearchives.nseindia.com/corporate/JAINMETAL_08102025195709_Intimation_-_Reg_8_2__-_PIT.pdf

https://nsearchives.nseindia.com/corporate/JAINMETAL_08102025195246_Intimation_-_Reg_30_5_.pdf

https://nsearchives.nseindia.com/corporate/JAINMETAL_08102025155234_Intimation08102025.pdf

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