Refex Industries Ltd

Refex Industries Limited informed the BSE Ltd. and the National Stock Exchange of India Ltd. that the trading window for dealing in the company's securities will be closed from Thursday, October 01, 2026, for designated persons, including insiders, until 48 hours after the declaration of the standalone and consolidated unaudited financial results for the second quarter of fiscal year 2026-27 ending September 30, 2026.

Refex Holding Private Limited’s encumbrances are solely related to pledges of shares and do not involve any debt instruments, according to a recent document review. The pledges, held by entities including Axis Securities Limited, Northern Arc Capital Limited, Shivangini Properties Private Limited, and Frazer Goods & Supply Private Limited, serve as collateral for loans taken by the company or for personal use by promoters. These share pledges are linked to loans and price fluctuation adjustments, with each instance explicitly noting "Not applicable" when queried about debt instruments. The document provides no details regarding the terms or conditions of any underlying loans.

Refex Industries Limited’s shares have been pledged to multiple entities, including Axis Securities Limited, Northern Arc Capital Limited, and KR Choksey Financial Services Private Limited, primarily as collateral for loans taken by the company’s promoter group, Refex Holding Private Limited (RHPL). The pledges secure loans used both for business purposes and personal use by the promoters. Notably, the encumbrances do not involve any debt instruments such as debentures or commercial paper, with the document consistently stating "Not applicable" when queried about such securities. The shares are pledged to Frazer Goods & Supply Private Limited, Infosoft Global Private Limited, and Minecs Finvest Private Limited as well.

Refex Industries Limited clarified a typographical error in its earlier disclosure regarding a contract for lifting Pond Ash and Fly Ash under a Road-cum-Rail (RCR) mode, stating the quantity is 10 Lakh Metric Tonnes, not 10 Metric Tonnes as initially reported on September 19, 2026. The contract, awarded by a Public Sector Undertaking in Madhya Pradesh, involves lifting of the material over 18 months with a value of approximately Rs 160 crores and is extendable with mutual consent. The company confirmed no other terms of the contract have changed and that no promoter or related parties have an interest in the awarding entity.

Refex Industries Ltd. remains unchanged at Rs 271.85, after a recent decline that saw the stock slip 0.62% over the last week. Refex Industries Limited (RIL) announced it has secured a contract worth Rs 160 crores for the lifting of 10 MT of Pond Ash and Fly Ash under a Road-cum-Rail (RCR) mode, awarded by a Public Sector Undertaking in Madhya Pradesh. The contract, extendable with mutual consent, has a timeframe of 18 months for execution and involves the supply of services for lifting the ash, with the possibility of extending the quantity with mutual agreement. RIL confirmed that neither the promoter group nor any group companies have any interest in the awarding entity, and the transaction does not constitute a related party transaction. Refex Industries Ltd. shares saw a trading volume of 2.2 lakh today, a slight decrease compared to the one-week average volume. Refex Industries Ltd. has dropped by 21.96% year-over-year, underperforming the 8.17% loss seen in the NIFTY50 index.

Refex Industries Limited (RIL) has secured two contracts totaling Rs 33.70 crores for loading, transportation, and excavation of fly ash. The contracts, awarded by domestic entities based in Telangana, encompass a scope of supply and services for fly ash loading & transportation with a value of approximately Rs 32.78 crore (including GST) and fly ash excavation valued at approximately Rs 0.91 crore (including GST), both with execution timelines of 120 days. RIL confirmed that neither contract involves related party transactions, nor do promoters or group companies have any interest in the awarding entities.

Refex Industries Limited announced the appointment of Mr. Anil S. Kulkarni as Chief Business Officer – Ready-Mix Concrete (RMC) Division and Mr. Prasad Jakkaraju as Vice President / Head – ESG, effective August 22, 2026, according to a regulatory filing. Mr. Kulkarni brings over 29 years of experience in the Ready-Mix Concrete industry, while Mr. Jakkaraju has over 22 years of experience in sustainability and ESG.

Refex Industries Limited disclosed that its Nomination and Remuneration Committee approved the allotment of 9,100 equity shares of Rs 2 each, following the exercise of employee stock options under the Refex Employee Stock Option Scheme 2021. Consequently, the company's issued, subscribed, and paid-up equity share capital increased to Rs 27,44,57,096, divided into 13,72,28,548 equity shares, from Rs 27,44,38,896 and 13,72,19,448 shares respectively. The exercise of the options generated Rs 4,54,200 for the company.

Refex Industries Limited (RIL) has secured a Slab-wise Rate Contract for Transportation of Ash from a Maharashtra-based entity, with a broad consideration of approximately Rs 40.42 Crore (including GST), to be executed over a 12-month period. The company disclosed the order, which does not involve any related party transactions, in a filing on August 18, 2026, in compliance with SEBI’s Listing Regulations.

Refex Holding Private Limited, a promoter group entity of Refex Industries Limited, has pledged a significant number of shares to secure personal loans for promoters and loans for the company itself, according to a recent filing. The pledges, made between January 2026 and August 2026, involve a total of 45,19,856 to 50,45,816 shares, representing a portion of the promoter holding. Pledgees include Axis Securities Limited, Northern Arc Capital Limited, Catalyst Trusteeship Limited (acting for Touchstone Trust Scheme VI), and Shringee Packaging and Ancilliary Private Limited. Several of the encumbrances are listed as "additional margin pledges," indicating adjustments to initial pledge amounts, and are linked to debentures issued by Refex Life Sciences Private Limited.