StockWatch
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Civil Construction
Promoter Reclassification20 Aug 2026, 08:50 pm

Refex Renewables Seeks BSE Nod for Promoter Reclassification

AI Summary

Refex Renewables & Infrastructure Ltd has submitted an application to BSE Limited seeking no-objection for the re-classification of Avyan Pashupathy Capital Advisors Private Limited from 'promoter' to 'public' category. The Board of Directors, in a meeting held on August 20, 2026, approved this request after confirming compliance with SEBI LODR Regulations. This action follows earlier intimations and is in accordance with Regulation 31A of the SEBI LODR Regulations. The company will inform stakeholders of the stock exchange's decision once communicated.

Key Highlights

  • Company applied to BSE for promoter re-classification.
  • Avyan Pashupathy Capital Advisors seeks move from 'promoter' to 'public'.
  • Board approved the re-classification request.
  • Action complies with SEBI LODR Regulations.
  • BSE's decision is pending.