Refex Renewables Board Approves Promoter Reclassification

Refex Renewables & Infrastructure Ltd's Board of Directors has approved the reclassification request of Avyan Pashupathy Capital Advisors Private Limited from 'Promoter' to 'Public' category. This follows an inter-se transfer where Avyan Pashupathy transferred its entire 30.94% stake (13,91,869 equity shares) to Refex Holding Private Limited, another promoter. The outgoing promoter now holds no shares and has confirmed compliance with SEBI LODR Regulations. The company will apply to BSE for no-objection, and shareholder approval is exempted as the outgoing promoter holds nil voting rights. The reclassification is subject to BSE's no-objection.