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.
The appointment of a Senior Vice President in Business Development is significant for the company's strategic growth, particularly in the Ash Business segment, which could lead to future business expansion.
The announcement pertains to a key managerial appointment, which is a routine corporate event and does not inherently suggest a positive or negative financial impact on the company.
Refex Industries Limited has announced the appointment of Mr. Harshvardhan Dugar as Senior Vice President – Business Development (Ash Business) in the category of Senior Managerial Personnel (SMP).
The appointment was approved by the Board of Directors via a resolution passed through circulation on October 24, 2025. Mr. Dugar's appointment is effective from December 29, 2025.
Mr. Dugar brings over 20 years of extensive experience in sales, marketing, operations, business development, and government liaison across various sectors including sugar, coal mining, power generation, renewable energy, and ash utilization. He has a proven track record in achieving targets, expanding territories, securing clearances, commissioning projects, and liaising with government authorities and regulatory bodies. He is currently serving as Vice President (Operations) at Ashtech (India) Private Limited.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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