Refex Renewables Completes 91.43% Acquisition of Spectrum Renewable Energy

Refex Renewables & Infrastructure Ltd's wholly-owned subsidiary, Refex Sustainability Solutions Limited (RSSL), has successfully completed the acquisition of 91.43% equity share capital / voting rights of Spectrum Renewable Energy Private Limited (SREPL) during FY26. The acquisition was carried out in three stages, with 26.07% acquired on August 05, 2025, 45.98% on August 08, 2025, and the final 19.38% on March 30, 2026. The acquisition is in line with the Share Purchase Agreement dated January 28, 2025, and RSSL intends to acquire the remaining 8.57% as per the agreement. SREPL is engaged in the generation of Compressed Bio-Gas (‘CBG’) and organic manure from press-mud and other biodegradable wastes at Warananagar, Kolhapur.