Board Meeting17 Oct 2026, 10:00 am
Refex Renewables Approves ESOP Allotment & Subsidiary Transfer
AI Summary
Refex Renewables & Infrastructure Ltd announced board approval for the allotment of 3,938 equity shares under its ESOP scheme, increasing the paid-up capital to ₹4,50,18,730. The board also approved the disinvestment of 100% equity stake in Refex Sustainable Fuel Limited to Refex Green Power Limited for ₹10 lakh. Additionally, the company will seek shareholder approval for increasing authorized share capital to ₹50 Crore, raising borrowing limits to ₹450 Crore, and a preferential issue of up to 4,50,000 equity shares at ₹360 per share, aggregating up to ₹16.20 Crore.
Key Highlights
- 3,938 ESOPs allotted, increasing share capital.
- 100% stake in Refex Sustainable Fuel transferred to subsidiary.
- Seeking shareholder nod for ₹50 Cr authorized capital.
- Proposing to increase borrowing limits to ₹450 Cr.
- Plan for preferential issue of ₹16.20 Cr at ₹360/share.
Price Impact
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