Refex Industries Limited
All news and filings related to Refex Industries Limited.
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Madras High Court quashes ₹3,567 lakh income tax demand for Refex Industries
Refex Industries Limited announced that the Hon’ble Madras High Court has quashed an income tax demand of ₹3,567.22 lakh for AY 2016-17. The court set aside the assessment order, nullifying the demand. The company received the order on April 28, 2026.
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Madras HC quashes ₹3567 lakh Income Tax demand for Refex Industries
Refex Industries Limited's tax demand of ₹3,567.22 lakh for AY 2016-17 has been quashed by the Hon'ble Madras High Court. The court set aside the assessment order, ruling it was passed without due process. The tax demand is now nullified.
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Refex Industries Subsidiary VRPL Completes Rights Issue, Shareholding Adjusts
Refex Industries Limited's shareholding in subsidiary VRPL adjusted to 73.28% post Rights Issue and debenture conversions. The Rights Issue of ₹2.99 crore aims to boost VRPL's capital for growth in the power sector.
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Refex Industries bags ₹32.12 Crore order for pond ash transportation
Refex Industries Limited has received an order worth approximately ₹32.12 Crore for the transportation of pond ash to NHAI PWD Road Construction Sites. The contract is for a duration of 1 year, extendable by 6 months, and is with a domestic entity.
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Refex Industries Bags ₹32.45 Crore Order for Pond Ash Transportation
Refex Industries Limited has received an order for transporting pond ash to NHAI PWD road construction sites. The contract is valued at approximately ₹32.45 Crore (including GST) and has an execution period of one year, extendable by six months. The order is from a domestic Maharatna PSU.
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Refex Industries Ltd. Files SEBI Compliance Certificate for Q4 FY26
Refex Industries Limited has submitted a compliance certificate for the quarter ended March 31, 2026, under SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent confirmed the proper processing of dematerialization requests.
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Refex Industries' subsidiary redeems OCDs worth ₹3 Crore, converts ₹4.85 Crore loan to equity
Refex Industries Limited's subsidiary, Venwind Refex Power Limited (VRPL), redeemed OCDs worth ₹3 Crore on April 08, 2026. VRPL also converted ₹4.85 Crore loan into equity shares, increasing Refex Industries' stake in VRPL to 77.77%. This move aims to strengthen VRPL's capital structure.
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Refex Industries Bags ₹70.2 Crore Order for Bulk Industrial Commodity Supply
Refex Industries Limited has secured an order worth approximately ₹70.2 Crore for the supply of Bulk Industrial Commodity. The order is from a domestic Navratna PSU in the steel sector and is expected to be executed within two months. Promoters and group companies have no interest in the awarding entity.
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Refex Industries Ltd. Dispatches Postal Ballot Notice; E-voting from April 1 to April 30
Refex Industries Limited has dispatched its Postal Ballot Notice for members to vote on resolutions, including a related party transaction with a subsidiary. E-voting will be open from April 1 to April 30, 2026. Results will be declared within two working days post-voting.
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Refex Industries Increases Stake in Subsidiary VRPL to 77.39% via OCD Conversion
Refex Industries Limited increased its stake in subsidiary Venwind Refex Power Limited (VRPL) from 73.28% to 77.39% through the conversion of ₹43 crore in Class B OCDs into 24,866 equity shares. The conversion aims to strengthen VRPL's capital structure and support future growth. The transaction was completed on March 30, 2026.
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Refex Industries seeks shareholder approval for ₹3,300 Cr investment & ₹2,010 Cr transaction with subsidiary
Refex Industries is seeking shareholder approval via postal ballot for an enhanced investment and loan limit of ₹3,300 Crore. Additionally, approval is sought for related party transactions with subsidiary Venwind Refex Power Limited, not exceeding ₹2,010 Crore in FY27. E-voting period is April 1-30, 2026.
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Refex Industries: Trading Window Closed from April 1, 2026, for Q4/FY26 Results
Refex Industries' trading window will be closed from April 1, 2026. This is to consider the Q4 and FY26 standalone and consolidated audited financial results. The window will reopen 48 hours after the results are declared. The Board meeting date will be announced later.
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Refex Industries Files Application for Composite Scheme of Amalgamation with NCLT
Refex Industries Limited filed a Company Application with the NCLT on March 26, 2026, for a Composite Scheme of Amalgamation and Arrangement. This involves Refex Green Mobility Limited, Refex Industries Limited, and Refex Mobility Limited.
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Refex Industries Approves ₹3,300 Crore Investment Limit & Related Party Transaction
Refex Industries Limited's Board approved increasing the investment and loan limit to ₹3,300 Crore and a related party transaction of ₹2,010 Crore with its subsidiary, Venwind Refex Power Limited. Shareholder approval will be sought via postal ballot, with e-voting from April 1 to April 30, 2026. The Risk Management Committee was also reconstituted.
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Refex Industries receives 'no adverse observations' for scheme of amalgamation
Refex Industries Limited has received 'no adverse observations' from BSE and NSE for its proposed composite scheme of amalgamation and arrangement involving Refex Green Mobility Limited and Refex Mobility Limited. The observation letters are valid for six months, requiring submission to NCLT within this period.
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Refex Industries Engages MUFG Intime India as Investor Relations Agency
Refex Industries Limited has appointed MUFG Intime India Private Limited as its Investor Relations Agency. This engagement aims to enhance investor communication and market visibility. MUFG Intime India is a global leader in investor relations services.
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Refex Industries: SAT stays SEBI penalty on CMD Anil Jain, subject to deposit
Securities Appellate Tribunal (SAT) has stayed the recovery of SEBI's penalty on Refex Industries CMD, Anil Jain. The stay is conditional on a 50% penalty deposit within four weeks. No financial impact is expected on the company.
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Refex Industries Clarifies No IT Dept Press Release on Search Operations
Refex Industries Limited confirmed no Income Tax Department press release was issued regarding December 2025 search operations. This clarification was obtained via an RTI application, with the Income Tax Department confirming the absence of any official statement on February 10, 2026.
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Refex Industries Bags ₹49.22 Crore Material Handling Order for 3 Years
Refex Industries Limited secured a 3-year contract for material handling and transit operations of bulk commodity material. The domestic order is valued at ₹49.22 Crore. Promoter and group companies have no interest in the awarding entity.
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Refex Industries Ltd: Monitoring Agency Reports for Q3FY26 Released
Refex Industries Limited submitted Monitoring Agency Reports for Q3FY26. The report for a ₹220 crore preferential issue indicated deviations in fund utilization for 'Investment in Subsidiaries' and 'Capital Expenditure'. The report for a ₹905.44 crore preferential issue showed no deviations but noted funds parked as FDs. Both reports mention ongoing IT searches and a prior SEBI penalty on CMD Anil Jain.
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Refex Industries Q3 FY26 Earnings Call Transcript Released
Refex Industries reported a strong Q3 FY26 with revenue at ₹583 Crores, up 38% sequentially. Profit after tax was ₹67 Crores, up 29%. The company is exiting power trading and refrigerant gas businesses. The demerger of Refex Green Mobility is expected by April 2026. Wind business has ₹1860 Crores order book, ash/coal handling has ₹1500 Crores.
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Refex Industries Publishes Q3 FY26 Financial Results in Newspapers
Refex Industries Limited published its unaudited financial results for Q3 and nine months ended December 31, 2025. The results were approved by the Board on January 21, 2026, and published in Business Standard and Dinamani on January 22, 2026.
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Refex Industries Q3 FY26 Earnings Conference Call Audio Recording Available
Refex Industries announces the audio recording of its Q3 FY26 earnings conference call, held on January 21, 2026. The call discussed financial results for the quarter and nine months ending December 31, 2025. The recording is available on the company's website.
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Refex Industries Reports Q3 FY26 Revenue at ₹590.29 Cr, PAT at ₹66.91 Cr
Refex Industries reported Q3 FY26 standalone revenue of ₹590.29 crore, up 38% QoQ. EBITDA was ₹93.91 crore and Net Profit was ₹66.91 crore. The company is exiting its Power Trading and Refrigerant Gas businesses to focus on core operations.
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Refex Industries Q3 FY26 Results: Revenue ₹590 Cr, PAT ₹67 Cr
Refex Industries reported Q3 FY26 results with total income at ₹590.29 Cr and PAT at ₹66.91 Cr. Year-on-year, EBITDA margin improved significantly to 16.10% from 7.52% due to strategic realignment. For 9M FY26, PAT was ₹151.91 Cr, up from ₹132.32 Cr in 9M FY25.
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Refex Industries Approves Q3 Results, Discontinues Refrigerant Gas Business
Refex Industries Limited approved its Q3 FY26 results. The company is discontinuing its Refrigerant Gas business segment, which represented 2.50% of total revenue, due to competition and pricing pressures. This strategic move aims to improve capital efficiency and focus on core, higher-growth businesses.
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Refex Industries Approves Q3 FY26 Results & Discontinues Refrigerant Gas Business
Refex Industries Limited approved its Q3 and nine-month unaudited financial results ending December 31, 2025. The company also approved the strategic discontinuation of its Refrigerant Gas business segment to focus on core, high-growth areas. Amendments to the Policy on Related Party Transactions were also approved.
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Refex Industries Approves Q3 FY26 Results & Discontinues Refrigerant Gas Business
Refex Industries announced its Q3 FY26 results. The company's Board approved the discontinuation of its Refrigerant Gas business segment as part of a strategic decision to focus on core, higher-growth businesses. Amendments to the "Policy on Related Party Transactions" were also approved.
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Refex Industries Schedules Q3 FY26 Earnings Call for Jan 21
Refex Industries Limited will host an Earnings Call on January 21, 2026, at 04:30 PM IST to discuss Q3 FY26 financial results. Whole-time Director & CFO Dinesh Kumar Agarwal will address participants.
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Refex Industries' Bank Loan Facilities Reaffirmed with 'ACUITE A- | Stable' Rating
Refex Industries' long-term bank loan rating reaffirmed at 'ACUITE A- | Stable' for ₹165 Cr., and short-term at 'ACUITE A2+' for ₹135 Cr. The company reported FY25 consolidated revenue of ₹2,467.66 Cr. and FY25 net worth of ₹1,192.43 Cr. Gearing improved to 0.24x. The outlook is stable.
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Refex Industries Bags ₹34.61 Crore Order for Pond Ash Transportation
Refex Industries Limited has secured an order worth approximately ₹34.61 Crore for the excavation, loading, and transportation of pond ash to NHAI road projects. The contract is with a domestic entity based in Maharashtra and has an execution timeline of 4 months.
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Refex Industries Bags ₹43.74 Crore Order from Large Business Conglomerate
Refex Industries Limited secured an order worth approximately ₹43.74 Crore for the transportation of pond ash to NHAI road projects. The domestic contract involves excavation, loading, transportation, and unloading, with an execution period of 4 months.
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Refex Industries Ltd. Files SEBI Compliance Certificate for Q3 FY26
Refex Industries Limited submitted a SEBI compliance certificate for Q3 FY26 ended December 31, 2025. The certificate from Cameo Corporate Services Limited confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, regarding dematerialization of securities.
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Refex Industries Clarifies Volume Surge, Cites Market-Driven Activity
Refex Industries Limited clarified to the NSE that the recent increase in its stock's trading volume is market-driven. The company stated there are no undisclosed material announcements impacting the price or volume, emphasizing its compliance with SEBI regulations.
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Refex Industries: VP (ESG & Sustainability) Gagan Bihari Pattnaik Resigns
Mr. Gagan Bihari Pattnaik, Vice-President (ESG & Sustainability) and Head – ESG at Refex Group, has resigned. His cessation from Refex Industries Limited is effective December 29, 2025, to pursue external opportunities.
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Refex Industries Corrects Appointment Date of Senior Vice President
Refex Industries Limited corrected the approval date for the appointment of Mr. Harshvardhan Dugar as Senior Vice President – Business Development (Ash Business). The approval date has been corrected from October 24, 2025, to December 26, 2025.
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Refex Industries Appoints Harshvardhan Dugar as Senior Vice President - Business Development
Refex Industries Limited appointed Mr. Harshvardhan Dugar as Senior Vice President – Business Development (Ash Business), effective December 29, 2025. Mr. Dugar has over 20 years of experience in business development and operations across multiple sectors.
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Refex Industries: Trading Window Closed from Jan 1, 2026 for Q3 FY26 Results
Refex Industries Limited will close its trading window from January 1, 2026, for designated persons. This is for the consideration of Q3 FY26 standalone and consolidated un-audited financial results. The window will reopen 48 hours after the results are declared.
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Refex Industries receives ₹54.33 Lakh tax demand order; plans appeal
Refex Industries Limited received a tax demand order for FY 2018-19 from Rajasthan State Tax authorities. The total demand, including tax, interest, and penalty, amounts to ₹54,32,943. The company believes the demand is not maintainable and plans to appeal, stating no material impact on financials or operations.
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Refex Industries Subsidiary VRPL Secures 148 MW WTG Supply Order
Refex Industries subsidiary, VRPL, has signed a contract to supply Wind Turbine Generators (WTGs) for 148 MW wind power projects. The order is from a leading domestic Independent Power Producer and is expected to be executed by September 2026.
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Refex Industries Secures ₹27.50 Crore Order for Pond Ash Transportation from Major Power Producer
Refex Industries Limited has secured an order worth approximately ₹27.50 Crore for the transportation of pond ash to NHAI road projects. The contract is with a Major Power Producer (PSU) and is to be executed within 4 months. No promoter or group company interest is involved, and it's not a related party transaction.
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Refex Industries receives ₹35.29 Lakh CGST demand order for FY22, appeals ruling
Refex Industries Limited received a demand order from CGST Raipur for FY 2021-22, amounting to ₹35,29,002 for alleged RCM liability. The company disputes the demand and plans to appeal, stating it has no material financial or operational impact.
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Refex Industries Gets ESG Score of 70 for FY25 from NSE Sustainability Ratings
Refex Industries Limited received an ESG Score of 70 for FY2025 from NSE Sustainability Ratings, up from 69 in FY2024. Scores were 61 (Environment), 77 (Social), and 73 (Governance). A Core ESG Rating of 58 was also achieved. The rating is based on publicly available data.
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SEBI Imposes ₹10 Lakh Penalty on Refex CMD Anil Jain for Insider Trading
SEBI has imposed a ₹10 lakh penalty on Refex Industries Limited's Promoter, Chairman & Managing Director, Mr. Anil Jain, for alleged insider trading. The penalty stems from charges of communicating Unpublished Price Sensitive Information (UPSI), leading to unlawful gains of ₹12.33 lakh by certain entities. Mr. Jain intends to contest the order.
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Refex Industries Search Operations by Income-Tax Dept Concluded
Search operations by the Income-Tax Department at Refex Industries and associated locations have concluded. The company cooperated fully and has not received any adverse findings. Business operations remain unaffected.
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Refex Industries Clarifies Significant Volume Spurt, Cites Market Driven Factors
Refex Industries Limited clarified a significant increase in its share trading volume, stating there is no undisclosed material information. The company attributes the surge to market-driven factors and confirmed ongoing compliance with SEBI LODR Regulations.
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Refex Industries Denies Misleading Media Reports Amidst IT Search Operation
Refex Industries Limited clarifies that an Income Tax Department search operation commenced on December 9, 2025, at its registered office and other group locations. The company denies misleading media reports, stating its business operations are unaffected and it is cooperating fully with authorities. Further disclosures will be made as required.
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VRPL, Refex Industries' subsidiary, included in MNRE's ALMM (Wind)
Venwind Refex Power Limited (VRPL), a subsidiary of Refex Industries, has been included in the Approved List of Models and Manufacturers (ALMM) - Wind by the MNRE.
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Refex Industries bags order for Transportation of pond ash to NHAI Road Projects
Refex Industries Limited bags order for Transportation of pond ash to NHAI Road Projects worth ₹30.95 Crore. The order is domestic in nature and is to be executed in 05 months.
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Refex Industries bags order for transportation of pond ash to NHAI road projects
Refex Industries Limited has secured an order for the transportation of pond ash to NHAI road projects worth ₹ 32.89 Crore. The order is to be executed within 05 months.
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