Jain Resource Recycling Limited (JAINREC)
Giving guarantees/indemnity/ becoming a surety for third party
Additional corporate guarantee of INR 50 Crore approved for Jain CY Circular Solutions Pvt Ltd, a subsidiary, securing credit facilities from ICICI Bank. This is the second tranche within an overall limit of INR 200 Crore approved earlier. The guarantee is at arm's length and will be recorded as a contingent liability with no immediate cash outflow.
Source: Original filing PDF
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🚨 JAINREC — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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