Refex Industries Limited

Refex Industries Limited (RIL) has secured a significant order from a Maharatna CPSE for the transportation of ash to road construction projects. The contract, valued at approximately ₹21.15 Crore, involves supplying services to NHAI and other government road construction authorities. The order is to be executed within 12 months. This development is expected to bolster RIL's order book and contribute to its revenue stream in the infrastructure sector.

Refex Industries Limited has received an order from the Hon'ble NCLT, Chennai Bench, regarding a Composite Scheme of Amalgamation and Arrangement involving Refex Green Mobility Limited (RGML), Refex Industries Limited (RIL), and Refex Mobility Limited (RML). The NCLT has directed the convening of meetings for secured and unsecured creditors of RGML and RIL, as well as equity shareholders of RIL, on August 5, 2026, to consider and approve the scheme. Meetings for RML's shareholders and RGML's equity shareholders have been dispensed with. The scheme is still subject to applicable regulatory and other approvals.

Refex Industries Ltd has announced the closure of its trading window for designated persons and insiders. This closure is effective from July 1, 2026, and will continue until 48 hours after the declaration of the company's unaudited financial results for the first quarter of the fiscal year 2026-27, ending June 30, 2026. The purpose of this closure is to facilitate the consideration of both standalone and consolidated financial results. The specific date for the Board meeting to approve these results will be communicated separately.

Refex Industries Limited (RIL) has secured a significant order from a Maharatna CPSE for the transportation of pond ash to National Highways Authority of India (NHAI) road projects. The contract, valued at approximately ₹29.34 Crore, is for a duration of 12 months. This domestic order underscores RIL's role in supporting major infrastructure development in India. The company confirmed that promoters and their group entities have no interest in the awarding entity, and the transaction is not a related party transaction.

Refex Industries Ltd has announced that the Joint Commissioner (Appeals), Central GST, Raipur has quashed a Goods and Services Tax (GST) demand of ₹35,29,002/- for the Financial Year 2021-22. The demand comprised a tax liability of ₹31,90,002/- and a penalty of ₹3,39,000/-. The company had filed an appeal against the demand raised by the Assistant Commissioner, CGST & Central Excise, Raipur. The Appellate Authority's order, received on June 02, 2026, nullifies the entire demand, providing significant relief to the company.

Refex Holding Private Limited, the promoter of Refex Industries Limited, has disclosed the release of encumbrance on 3,163,694 equity shares. The release of these shares occurred on various dates between May 27 and June 2, 2026. This action reduces the encumbered shares held by the promoter to 30,276,529, representing 22.07% of the total share capital. The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Refex Industries Ltd has secured an order for excavation, loading, and transportation of pond ash to open cast mines, stone quarries, and NHAI project sites. The order, awarded by a major power producer company, is valued at approximately ₹36.91 crore and is to be executed over a period of 2 years. This contract does not involve any related party transactions or promoter interests.

Refex Industries Ltd announced its audited financial results for Q4 and FY26. The company reported revenue from operations of ₹701.03 crores for Q4FY26 and ₹2,039.20 crores for FY26. EBITDA stood at ₹141.15 crores for Q4FY26 and ₹350.02 crores for FY26. Profit after tax was ₹93.73 crores for Q4FY26 and ₹247.19 crores for FY26. The Ash & Coal Handling order book stood at nearly ₹1,500 crore as of March 31, 2026. The Wind Energy business contributed ₹233 crores during the quarter.

Refex Industries Ltd announced its audited financial results for Q4 and FY26. The company reported revenue from operations of ₹701.03 crores for Q4 and ₹2,039.20 crores for FY26. EBITDA stood at ₹141.15 crores for Q4 and ₹350 crores for FY26, while profit after tax was ₹93.73 crores for Q4 and ₹247 crores for FY26. The Ash & Coal Handling business order book stood at nearly ₹1,500 crore as of March 31, 2026. The Wind Energy business contributed ₹233 crores during the quarter.

Refex Industries Ltd's Board of Directors has recommended a final dividend of ₹1 per equity share with a face value of ₹2 each, which is equivalent to 50% for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the audited financial results for Q4 and the financial year ended March 31, 2026.