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.
While the company states operations are unaffected, an Income Tax search and the need to deny misleading reports suggest a medium-term impact on reputation and potential regulatory scrutiny.
The announcement addresses an Income Tax Department search operation and refutes misleading media reports, indicating a potentially negative event for the company.
Refex Industries Limited has issued a clarification regarding news reports about an Income Tax Department search operation at its registered office and other locations associated with the Refex Group, which commenced on December 9, 2025. The company stated that it has cooperated fully with the authorities and provided all necessary information.
Refex Industries categorically denies and strongly rejects speculative media reports circulating during the ongoing search, labeling them as incorrect, misleading, and baseless, circulated with mala fide intention. The company asserts that the facts, information, and numbers published in these media articles and social media posts are completely misleading and incorrect.
The company's business operations remain unaffected and continue without interruption. Refex Industries remains committed to transparency and will make further disclosures as required by applicable laws and upon the appropriate time, while adhering to the highest standards of ethical conduct and legal compliance.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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