Refex Industries to hold 24th AGM on July 31, 2026, to approve FY26 results and ₹1 dividend
Refex Industries will hold its 24th AGM on July 31, 2026, to approve FY26 financial results and propose a final dividend of ₹1 per share. The meeting will also address a variation in the utilization of ₹219.69 crore preferential issue proceeds. E-voting is open July 28-30, 2026.
The AGM announcement itself is standard procedure. However, the proposed dividend, re-appointment of a director, and the variation in utilization of preferential issue proceeds are material events that shareholders will vote on, impacting the company's financial and operational direction.
The announcement is a routine corporate event (AGM notice) and includes standard financial reporting and dividend proposals, with no significant positive or negative surprises. The reallocation of funds is explained within a corporate governance context.
Refex Industries Limited has announced its 24th Annual General Meeting (AGM) will be held on Friday, July 31, 2026, at 11:00 a.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The meeting agenda includes the adoption of the audited financial statements for the financial year ended March 31, 2026, both standalone and consolidated, along with the Board of Directors' and Auditors' reports.
A final dividend of ₹1 per equity share (50% of face value) for the financial year 2025-26 is proposed for approval. The company also plans to seek approval for the re-appointment of Mr. Anil Jain as a Director, who retires by rotation.
Additionally, a special business item concerns the variation in the utilization of proceeds from a preferential issue. Out of the total ₹219.69 crore raised, ₹19.07 crore originally earmarked for Capital Expenditure will be reallocated to Working Capital Requirements. This adjusts the allocation for Capital Expenditure from ₹19.68 crore to ₹0.62 crore and increases the allocation for Working Capital from ₹96 crore to ₹115.06 crore.
The cut-off date for remote e-voting and attending the e-AGM is Friday, July 24, 2026. Remote e-voting will be open from Tuesday, July 28, 2026, at 9:00 a.m. IST until Thursday, July 30, 2026, at 5:00 p.m. IST. The notice of the AGM and the Annual Report for FY 2025-26 have been made available electronically to members and are also hosted on the company's website.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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