Refex Renewables Promoter Share Transfer: 30.94% Stake Changes Hands

Refex Renewables & Infrastructure Ltd has received prior intimation regarding an inter-se transfer of 13,91,869 equity shares, representing 30.94% of the paid-up equity share capital. The transfer is between promoter entity Refex Holding Private Limited (RHPL) and another promoter entity, Avyan Pashupathy Capital Advisors Private Limited (Avyan). This transaction is being undertaken under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations. Definitive agreements are to be executed, and the company will make further disclosures. Post-transfer, steps will be taken for the re-classification of Avyan as an 'Outgoing Promoter', subject to regulatory and shareholder approvals.