Refex Industries: Monitoring Agency Report for Q2 FY27

Refex Industries Ltd has submitted its Monitoring Agency Report for the second quarter and half-year ended September 30, 2026. The report, issued by CARE Ratings Limited, covers the utilization of funds raised through preferential issues of equity shares and warrants. Key findings indicate no deviation from the stated objects of the issue. The company had previously reallocated ₹19.07 crore of unutilized proceeds from Capital Expenditure to Working Capital, subject to shareholder approval. The report also notes recent events including Income Tax search operations and a penalty imposed by SEBI on the Promoter and CMD, with a subsequent stay granted by the Securities Appellate Tribunal.