Refex Renewables Board Approves Promoter Reclassification Request

Refex Renewables & Infrastructure Ltd's Board of Directors has approved a reclassification request from Avyan Pashupathy Capital Advisors Private Limited, a promoter, to be moved from the 'Promoter' to the 'Public' category. This follows an inter-se transfer of 13,91,869 equity shares (30.94% stake) to Refex Holding Private Limited. The company will now seek no-objection from BSE Limited for this reclassification. The board confirmed compliance with SEBI LODR Regulations, noting the outgoing promoter holds no shares and will comply with post-reclassification conditions. Minimum public shareholding requirements will be maintained.