Refex Renewables & Infrastructure Ltd

Avyan Pashupathy Capital Advisors Private Limited, a promoter of Refex Renewables & Infrastructure Limited, has disposed of its entire 13,91,869 shares, representing 30.94% of the total shareholding. The shares were transferred via an inter-se transfer to Refex Holding Private Limited, also a promoter of the target company. This transaction does not alter the promoter group's overall control but represents a significant internal restructuring of shareholding within the promoter entities. The total equity share capital of the company remains unchanged at 44,97,935 shares.

Refex Renewables & Infrastructure Ltd has announced the full and final settlement of an insolvency petition filed by SILRES Energy Solutions Private Limited against its subsidiary, Sherisha Solar LLP (SS-LLP). As part of the settlement, SS-LLP paid ₹16.51 crore against a loan liability of ₹33.39 crore. Consequently, SILRES will withdraw its petition, and SS-LLP will withdraw its counter-application. The company also filed an oppression and mismanagement petition against SILRES, which will be withdrawn. The settlement also involves the transfer of subsidiary Ishaan Solar Power Private Limited to SILRES for ₹3.92 crore, the transfer of 0.064% stake in SILRES to Avyan Pashupathy Capital Advisors for ₹10 lakh, and the transfer of "SUNEDISON" trademarks to SILRES for ₹1 crore. These actions are part of an internal restructuring and dispute resolution process.

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.

Refex Holding Private Limited (RHPL) has acquired 13,91,869 equity shares, representing 30.94% of the paid-up equity share capital, of Refex Renewables & Infrastructure Limited through an inter-se transfer from Promoter Avyan Pashupathy Capital Advisors Private Limited. This acquisition, combined with RHPL's existing 43.92% shareholding, brings its total stake to 74.87%. Consequently, Refex Renewables & Infrastructure Limited has become a subsidiary of RHPL effective August 14, 2026, as per Section 2(87) of the Companies Act, 2013. The disclosure was made by RHPL on August 14, 2026, and disseminated by BSE Limited.

Refex Holding Private Limited has acquired 13,91,869 equity shares, representing 30.94% of the paid-up equity share capital of Refex Renewables & Infrastructure Limited. This acquisition was executed through inter-se transfers from promoter entity Avyan Pashupathy Capital Advisors Private Limited. The transaction, valued at ₹142.47 per share, is part of an internal restructuring among promoters and promoter group. Following the acquisition, Refex Holding's shareholding in Refex Renewables increases from 43.92% to 74.86%. This transaction is exempted from an open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011.

Refex Holding Private Limited (RHPL), a promoter of Refex Renewables & Infrastructure Limited, has acquired 13,91,869 equity shares, representing 30.94% of the total shareholding, from Avyan Pashupathy Capital Advisors Limited. This inter-se transfer of shares has increased RHPL's total shareholding in the target company from 43.92% to 74.86%. The total equity share capital of the company remains unchanged at 44,97,935 equity shares.

Catalyst Trusteeship Limited, acting as Debenture Trustee, has disclosed the full release of pledge over 10,05,600 equity shares of Refex Renewables & Infrastructure Limited. This represents 22.35% of the total share capital. The release pertains to shares held in trust for the benefit of debenture holders. The transaction occurred on August 11, 2026, and was formally disclosed on August 13, 2026. The total equity share capital of the company remains unchanged at ₹4,49,79,350.

Catalyst Trusteeship Limited, acting as Debenture Trustee, has disclosed the full release of pledge over 4,31,000 equity shares of Refex Renewables & Infrastructure Limited. This represents 9.58% of the total share capital. The release was executed on August 11, 2026, and the disclosure was made on August 13, 2026. Following the release, Catalyst Trusteeship holds no encumbered shares in the company. The total equity share capital of Refex Renewables & Infrastructure Limited remains unchanged at ₹4,49,79,350, comprising 44,97,935 equity shares of ₹10 face value each.

Refex Holding Private Limited, a promoter entity, has acquired 13,91,869 equity shares, representing 30.94% of the paid-up capital, of Refex Renewables & Infrastructure Limited. This acquisition was executed through inter-se transfers within the promoter and promoter group. The transaction, priced at ₹142.47 per share, increases Refex Holding's stake from 43.92% to 74.86%. The rationale cited is internal restructuring among promoters. This transaction is exempted from an open offer under SEBI SAST Regulations, specifically Regulation 10(1)(a)(ii), as the acquirer is a promoter and the transfer is among promoter group entities.

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.