Refex Industries Limited allotted 20,057 equity shares of ₹2 each following the exercise of stock options under its 2021 ESOP scheme. This issuance increases the company's total paid-up equity capital to 13,72,19,448 shares.
Refex Industries Limited allotted 20,057 equity shares of ₹2 each under its ESOP 2021 scheme. The company realized ₹4,67,201.60 (approximately ₹0.04 Crore) from the exercise of these options. Consequently, the paid-up equity share capital has increased to ₹27.44 Crore.
Refex Industries Limited confirmed it does not qualify as a 'Large Corporate' under SEBI debt-raising norms for FY 2025-26. The company reported outstanding borrowings of ₹26.09 Crore as of March 31, 2026. This regulatory disclosure clarifies the company's borrowing framework and compliance status with bond market sourcing requirements.
Refex Industries Limited announced that the Hon’ble Madras High Court has quashed an Income Tax demand of ₹35.67 Crore for AY 2016–17. The court set aside the assessment order on the grounds that it was passed without providing a reasonable opportunity of being heard. Consequently, the tax liability stands nullified.
The Hon’ble Madras High Court has quashed an income tax demand of ₹35.67 Crore issued to Refex Industries Limited for AY 2016-17. The court set aside the assessment order on procedural grounds. Consequently, the tax demand stands nullified, providing significant regulatory relief to the company.
Refex Industries Limited subscribed to a ₹3.00 Crore rights issue by its subsidiary, Venwind Refex Power Limited. Following the rights issue and a separate conversion of debentures by other holders, the company's stake in the subsidiary stands revised to 73.28%. The capital will be used for VRPL's operational expansion.
Refex Industries Limited secured a contract worth approximately ₹32.12 Crore for transporting pond ash to NHAI PWD road construction sites. Awarded by a Maharashtra-based entity, the project has a one-year execution period, extendable by six months. This order reinforces the company's service presence in the infrastructure and logistics sector.
Refex Industries Limited bagged a ~₹32.45 Crore order from a Maharatna PSU for transporting pond ash to NHAI PWD road construction sites. The contract spans one year, with a potential six-month extension. This project enhances the company's service portfolio in the infrastructure support sector.
Refex Industries Limited has invested ₹4.85 Crore in its existing subsidiary, Venwind Refex Power Limited, through the acquisition of additional shares. The investment aims to meet the subsidiary's funding requirements in the wind power and energy sector.
Refex Industries Limited increased its stake in subsidiary Venwind Refex Power Limited to 77.77% by converting a ₹4.85 Crore loan into equity shares. Additionally, the subsidiary redeemed OCDs worth ₹3 Crore held by the company. The transaction aims to optimize the subsidiary's debt-equity ratio and strengthen its capital structure.
Refex Industries Limited has secured a ~₹70.2 Crore order from a leading Navratna PSU in the steel sector. The contract involves the supply of a bulk industrial commodity and is scheduled for execution within approximately two months. This domestic order strengthens the company's short-term revenue visibility.