Refex Industries Allots ₹43 Crore Optionally Convertible Debentures to Subsidiary Venwind Refex Power
The allotment of Optionally Convertible Debentures worth ₹43 crore to its subsidiary, Venwind Refex Power Limited, represents a substantial financial commitment by Refex Industries. This investment is crucial for the subsidiary's funding requirements in the Power & Energy sector and could lead to future revenue streams or strategic advantages, although the immediate financial impact on the parent company is not explicitly detailed.
The company is investing a significant amount (₹43 crore) in its subsidiary, Venwind Refex Power Limited, by allotting Optionally Convertible Debentures. This investment is aimed at meeting the subsidiary's fund requirements, indicating support for its growth or operations in the Power & Energy industry.
* Refex Industries Limited has been allotted 4,30,00,000 (Four Crore Thirty Lakh) Class B - 0.01% Optionally Convertible Debentures (OCDs) in its subsidiary, Venwind Refex Power Limited (VRPL). * Each OCD has a face value of ₹10, making the total value of the subscribed OCDs ₹43,00,00,000 (Rupees Forty-Three Crore only). * This transaction, which occurred on September 6, 2025, is a conversion of a loan and is intended to meet VRPL's fund requirements. * VRPL, incorporated on December 20, 2024, operates in the Power & Energy Industry, focusing on wind power, and reported Nil turnover for FY2024-25. * The OCDs have a tenure of 10 years, with an option to convert into equity shares within 9 years and 11 months. * Refex Industries currently holds 75.50% equity shareholding in VRPL. The shareholding will be adjusted post-conversion of the OCDs based on a valuation report at that time.
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