Jain Resource Recycling Limited has announced that its Promoter, Mr. Kamlesh Jain, and the Jain Family Trust (through its trustee Mr. Kamlesh Jain) have been penalized by the Securities and Exchange Board of India (SEBI). The penalty, amounting to ₹25,00,000 (Rupees Twenty-Five Lakh Only), was imposed via an adjudication order dated December 12, 2025, for alleged insider trading activities in the scrip of Refex Industries Limited. The order states that Mr. Kamlesh Jain and the Jain Family Trust traded in Refex Industries shares while in possession of Unpublished Price Sensitive Information, allegedly making unlawful gains of ₹12.33 lakh and violating SEBI Act provisions. Mr. Kamlesh Jain and the Jain Family Trust have informed the company that they intend to contest the order and will appeal against it, believing they can strongly defend their position through legal recourse. The company has clarified that this matter pertains to the Promoter and his family trust in their personal capacity and does not have any impact on Jain Resource Recycling Limited's financial position, business, or operations. This issue was previously disclosed by the company in its offer document for the Initial Public Offering.