NCLT Chennai Approves Refex Amalgamation Scheme Meetings

Refex Industries Limited has received an order from the Hon'ble NCLT, Chennai Bench, regarding a Composite Scheme of Amalgamation and Arrangement involving Refex Green Mobility Limited (RGML), Refex Industries Limited (RIL), and Refex Mobility Limited (RML). The NCLT has directed the convening of meetings for secured and unsecured creditors of RGML and RIL, as well as equity shareholders of RIL, on August 5, 2026, to consider and approve the scheme. Meetings for RML's shareholders and RGML's equity shareholders have been dispensed with. The scheme is still subject to applicable regulatory and other approvals.