Refex Renewables & Infrastructure Ltd

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.

Refex Renewables & Infrastructure Limited disclosed that Refex Holding Private Limited, formerly Sherisha Technologies Private Limited, acquired 13,91,869 equity shares, representing 30.94% of the company's paid-up equity share capital, through inter-se transfers from the promoter and promoter group. The acquisition, priced at Rs 142.47 per share, is part of an internal restructuring among promoters and triggers an exemption from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; Refex Holding Private Limited was previously holding 43.92% of the shares.

Refex Renewables & Infrastructure Limited announced that Sherisha Solar LLP, a step-down subsidiary, SILRES Energy Solutions Private Limited, and related entities have entered into a binding Memorandum of Understanding for the resolution of disputes, including the withdrawal of a Section 7 petition filed by SILRES against Sherisha Solar LLP under the Insolvency and Bankruptcy Code, 2016. As part of the settlement, Sherisha Solar LLP will pay Rs 16,51,26,975 to SILRES against a loan liability of Rs 33,39,39,339, and SILRES will withdraw the petition; Refex Renewables & Infrastructure Limited will transfer Ishaan Solar Power Private Limited to SILRES for Rs 3,92,58,420, transfer a 0.064% equity share holding in SILRES to Avyan Pashupathy Capital Advisors Private Limited for Rs 10,00,000, and transfer “SUNEDISON” trademarks to SILRES for Rs 1,00,00,000.

Refex Renewables & Infrastructure Limited announced that its wholly-owned subsidiary, Refex Green Power Limited, has secured a letter of award from Solar Energy Corporation of India Ltd. for the development of an 80-MW wind power project in Kurnool, Andhra Pradesh. The project, awarded through bids invited by SECI on April 21, 2026, involves a Power Purchase Agreement (PPA) for 25 years with a tariff of Rs 3.85/kWh, and is scheduled for commissioning within 24 months from the PPA’s effective date. The company confirmed that no related parties have any interest in SECI beyond their shareholding in Refex Green Power Limited.

Refex Renewables & Infrastructure Ltd share price ticked higher by 1% to Rs 324.3 after the company's net profit tumbled by 68.88% to Rs 3.14 crore, while revenue from operations edged up 14.73% to Rs 22.2 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.63 lakh crore, declining 2.70%. It has marginally improved by 3.56% over last one week and dipped slightly by 2.89% in last one month while the market capitalization of Refex Renewables & Infrastructure Ltd has inched up 1% and 0.93% in the same period respectively. Profit before tax (PBT) of Refex Renewables & Infrastructure Ltd stood at Rs 1.28 crore in Q2 FY26, tumbling by 76.43% year-on-year, and tanking 83.38% quarter-on-quarter. EBITDA came in at Rs 8 crore, rallying 21.76% YoY and easing 8.52% sequentially. Total expenses softened by 2.16% to Rs 15.38 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 1.65 crore, falling by 19.12% YoY, while employee benefits expense was at Rs 3.25 crore, surging 22.18% YoY. For the TTM ended FY26, revenue from operations dropped by 10.65% to Rs 67.99 crore, while net profit saw a mild growth of 5.72% to Rs 36.39 crore, compared to previous TTM. EBITDA surged by 2552% to Rs 25.67 crore, and PBT witnessed a strong rise of 172.72% to Rs 22.69 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 27.02 crore in FY26, as against Rs 120.5 crore in FY25. Refex Renewables & Infrastructure Ltd crashed 55.49% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.94% during the same period.

Refex Renewables & Infrastructure Limited will hold a board meeting on Tuesday, August 04, 2026, to approve the unaudited financial results for the first quarter ended June 30, 2026, both on a standalone and consolidated basis, according to a regulatory filing with the BSE Limited. The trading window for company insiders was closed from July 01, 2026, and will reopen on Friday, August 07, 2026.

Net Loss of Refex Renewables & Infrastructure reported to Rs 9.96 crore in the quarter ended March 2026 as against net loss of Rs 4.72 crore during the previous quarter ended March 2025. Sales declined 3.59% to Rs 19.35 crore in the quarter ended March 2026 as against Rs 20.07 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 42.02 crore in the year ended March 2026 as against net loss of Rs 36.31 crore during the previous year ended March 2025. Sales declined 2.24% to Rs 66.47 crore in the year ended March 2026 as against Rs 67.99 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales19.3520.07 -4 66.4767.99 -2 OPM %44.5551.37 -40.1546.55 - PBDT-2.713.58 PL -15.21-5.55 -174 PBT-7.70-1.01 -662 -34.77-23.60 -47 NP-9.96-4.72 -111 -42.02-36.31 -16 Powered by Capital Market - Live

Refex Renewables & Infrastructure will hold a meeting of the Board of Directors of the Company on 21 May 2026.