Refex Renewables Board Approves Promoter Reclassification

Refex Renewables & Infrastructure Ltd announced a revised outcome of its Board meeting held on August 20, 2026. The Board considered and approved the re-classification request of Avyan Pashupathy Capital Advisors Private Limited from 'Promoter' to 'Public' category. This follows an inter-se transfer of 13,91,869 equity shares (30.94% holding) to Refex Holding Private Limited. The company confirmed compliance with SEBI LODR Regulations and will seek BSE's no-objection for the re-classification. The outgoing promoter now holds nil shares and is exempted from shareholder approval due to disposal of entire shareholding.