Refex Industries Ltd

Refex Industries Ltd — Trading Window closed from Oct 01, 2026 for standalone and consolidated unaudited 2Q FY 2026-27 results (quarter ended Sept 30, 2026) till 48 hours after the declaration of the aforesaid results.

Refex Industries Limited – Trading Window closed from Oct 01, 2026 for Q2 FY 2026-27 (ending Sept 30, 2026) till 48 hours after the declaration of the aforesaid financial results

Key Update

• Refex has commenced commercial operations for its Ready-Mix Concrete (RMC) business.
• RMC operations will use a lease-based, asset-light model for faster entry and expansion.
• First RMC plant at Wadmukhwadi, Pune, commenced operations with effect from September 25, 2026.

RMC launch

• Commenced commercial Ready-Mix Concrete operations at first plant in Wadmukhwadi, Pune, effective September 25, 2026.
• Leased asset-light model to enable rapid market entry and scalable expansion.
• RMC business led by Anil Kulkarni, Chief Business Officer.
• Supports residential, commercial, industrial, and infrastructure projects.
• Part of Refex's forward integration strategy to expand into construction materials.

Promoter encumbrance events

• Creation of pledge on RHPL promoter shares: 5,00,000 pledged to Minecs Finvest Private Limited.
• Promoter RHPL held 7,76,23,085 shares (56.56%).
• Encumbered shares before creation: 3,67,02,103 (26.75%).
• Post-creation encumbered shares: 3,72,02,103 (27.11%).
• Name of beneficiary: Minecs Finvest Private Limited.
• Release of pledge on 23-09-2026; beneficiary Ellenbarrie Industrial Gases Limited.
• Shares encumbered after release: 3,63,68,770 (26.50%).
• Released 8,33,333 pledged shares (1.07%).
• Total existing pledges on RHPL promoter shares to trustees; overall encumbrance around 26.50%.
• End use: Personal use by promoters and PACs.

Event Overview

• Creation of pledge over promoter RHPL's Refex Industries shares.
• Multiple pledges created in September 2026.

Key Details

• Target company: Refex Industries Limited (Promoter RHPL).
• Encumbrance type: Pledge on promoter shares.
• Promoter holding before event: 7,76,23,085 shares (56.56%).
• Promoter encumbered before event: 3,57,02,103 shares (26.02%).
• Post-event encumbered: 3,67,02,103 shares (26.75%).
• Total encumbered promoter shares: 3,67,02,103 (47.28% of RHPL holding).
• Favouring entities include Frazer Goods & Supply Private Limited; Infosoft Global Private Limited.
• Other counterparties include Beacon Trusteeship Limited; Catalyst Trusteeship Limited.
• Additional counterparties: Bhansali Fincom Private Limited; Shringee Packaging and Ancilliary Private Limited.
• Ellenbarrie Industrial Gases; Axis Securities; Northern Arc; KR Choksey.

Additional Notes

• End-use: Personal use by promoters and PACs for most pledges; some collateral for RHPL loans.
• No change in control indicated.

Release of promoter share encumbrance

• Target company: Refex Industries Limited.
• Event type: Release of encumbrance on promoter shares.
• Promoter RHPL held 7,76,23,085 shares (56.57%).
• Encumbered shares pre-release: 3,37,76,529 (24.61%).
• Encumbrances in favor of multiple lenders (Anadya, Infosoft, Comfort Fincap, Indian Chain, Shree Paharimata, Superior Vanijya).
• Release window: 03-08-2026 to 07-08-2026.
• Total encumbrance released: 2,407,917 shares (1.75%).
• Post-release encumbered holding: 31,368,612 shares (22.86%).

Encumbrance creation on promoter shares

• Creation date August 10, 2026; RHPL pledged promoter shares.
• No. of shares encumbered: 20,90,000; 1.52% of total share capital.
• Post-event encumbered total: 3,34,58,612 shares; 24.38% of total capital.
• Promoter: Refex Holding Private Limited; total promoter holding 7,76,23,085 shares (56.57%).
• Encumbrance in favour of: Northern Arc Capital Limited.
• End use: collateral for loans taken by the company.