Refex Renewables & Infrastructure Ltd

Refex Renewables & Infrastructure Limited will hold a meeting of its Board of Directors on Wednesday, November 04, 2026, to consider and approve the Unaudited Financial Results for the second quarter ended September 30, 2026, both on a standalone and consolidated basis. The trading window for dealing in the company's securities for designated persons and insiders was closed on October 01, 2026, and will reopen on Monday, November 09, 2026.

Refex Renewables & Infrastructure Limited is seeking shareholder approval for a preferential allotment of shares to North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund Mauritius, a Mauritius-based entity with Mr. Issam Ali Baqer as the ultimate beneficial owner. The allotment, requiring a special resolution under SEBI ICDR Regulations, will increase the total outstanding shares from 45,01,873 to 49,51,873. The newly allotted shares will have a six-month lock-in period from the date of trading approval and rank equally with existing shares regarding dividends and voting rights. The company confirms compliance with applicable regulations and that its promoters and directors are not willful defaulters or fraudulent borrowers, and the board recommends shareholder approval.

Refex Renewables & Infrastructure Limited is seeking shareholder approval for a preferential allotment of equity shares to North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund Mauritius, a foreign portfolio investor, via a special resolution. The allotment, which will rank equally with existing shares regarding dividends and voting rights, is being conducted in compliance with SEBI ICDR Regulations, with the issue price determined accordingly and a subsequent 6-month lock-in period from the date of trading approval. As of October 17, 2026, the company had 45,01,873 outstanding shares, which will increase to 49,51,873 post-allotment, resulting in a public shareholding of 15,84,448, or 32.00%. The ultimate beneficial owner of North Star Opportunities Fund is Mr. Issam Ali Baqer, and the company’s board recommends shareholders approve the resolution.

Refex Renewables & Infrastructure Limited will hold a board meeting on October 17, 2026, to consider and approve a proposal for raising funds through the issue of equity shares via a preferential issue on a private placement basis, according to a regulatory filing with the BSE Limited on October 14, 2026. The trading window for company securities for designated persons and insiders has been closed since October 1, 2026, and will reopen 48 hours after the announcement of the unaudited financial results for the second quarter ending September 30, 2026.

Refex Renewables & Infrastructure Limited, in accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirmed that no physical share certificates were received for dematerialisation or rematerialisation of securities from depository participants during the second quarter ended September 30, 2026, based on a certificate from GNSA Infotech Private Limited, the company's Registrar and Share Transfer Agent.

Refex Renewables & Infrastructure Limited will close its trading window for designated persons, including insiders, starting October 1, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's Insider Trading Code, to consider unaudited financial results for the second quarter ending September 30, 2026, of the financial year 2026-27.

Refex Renewables & Infrastructure Limited announced that its wholly-owned subsidiary, Refex Green Power Limited, has acquired equity stakes in Refex Vayu SPV 1 Private Limited, Refex Vayu SPV 2 Private Limited, and Grey To Green Transition Private Limited, making them step-down subsidiaries or an associate company. Refex Green Power Limited acquired 100% of Refex Vayu SPV 1 Private Limited for Rs 25,520,000, 49% of Refex Vayu SPV 2 Private Limited for Rs 25,284,000, and 100% of Grey To Green Transition Private Limited for Rs 100,000. The acquisitions, considered related party transactions, are aimed at strengthening the company’s renewable energy portfolio and expanding its presence in the wind power generation sector.

Refex Renewables & Infrastructure Ltd. is currently trading at Rs 337.35, up 0.99%, and has risen 0.99% over the last week. Refex Renewables & Infrastructure Limited announced that its wholly-owned subsidiary, Refex Green Power Limited, has secured a letter of award from SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, for the development of an 80-MW wind power project in Kurnool, Andhra Pradesh. The project, awarded on September 4, 2026, will see power supplied under a 25-year Power Purchase Agreement at a tariff of Rs 3.88 per kWh, with the Scheduled Commencement of Supply of Power expected within 24 months from the PPA's effective date. The award does not specify a lump-sum contract value, with consideration based on actual energy supplied over the PPA tenure. Refex Renewables & Infrastructure Ltd. shares saw a trading volume of 898 today, a slight decrease of 2.39% from the one-week average volume. Refex Renewables & Infrastructure Ltd. experienced a sharp year-over-year decline of 46.64%, underperforming the NIFTY50 index's loss of 3.38%.

Refex Renewables & Infrastructure Limited said its board approved a request from Avyan Pashupathy Capital Advisors Private Limited, a promoter, to reclassify its status to the ‘public’ category. The transferor promoter, which held 30.94% of the company's equity share capital, transferred its 13,91,869 shares to Refex Holding Private Limited, another promoter, on August 14, 2026. Following the transfer, Avyan Pashupathy Capital Advisors Private Limited will no longer hold any shares in the company. The board will now seek no-objection from the BSE Limited for the reclassification.

Refex Holding Private Limited disclosed the acquisition of 13,91,869 equity shares, representing 30.94% of the paid-up equity share capital, of Refex Renewables & Infrastructure Limited through an inter-se transfer from Avyan Pashupathy Capital Advisors Private Limited. The acquisition, which occurred on August 14, 2026, was part of an internal restructuring among promoters and promoter group, resulting in Refex Holding Private Limited holding 33,67,425 shares, or 74.86% of the total share capital, while Avyan Pashupathy Capital Advisors Private Limited now holds no shares.