Promoter Reclassification14 Aug 2026, 07:30 pm
Refex Renewables: Promoter group seeks reclassification
AI Summary
Avyan Pashupathy Capital Advisors Private Limited (APCAPL), formerly holding 30.94% stake in Refex Renewables & Infrastructure Ltd, has requested reclassification from 'Promoter/Promoter group' to 'Public' category. This follows an inter-se transfer of shares among the promoter group, resulting in APCAPL holding zero equity shares as of August 14, 2026. The company will place this request before its Board of Directors for consideration as per SEBI LODR Regulations.
Key Highlights
- Promoter group entity APCAPL seeks reclassification to 'Public'.
- APCAPL previously held 30.94% stake in Refex Renewables.
- Reclassification follows inter-se transfer of shares within promoter group.
- APCAPL will hold zero equity shares post-transfer.
- Board of Directors to consider the reclassification request.
Price Impact
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