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Refex Industries Limited specializes in trading eco-friendly refrigerant gases and providing comprehensive solutions for responsible coal procurement and ash disposal.
Refex Industries reported strong Q1 results: Revenue rose 76.4% to ₹619.3 Cr, and PAT jumped 122.8% to ₹73.6 Cr. Ash & Coal secured ₹279 Cr new orders, with Wind Energy starting turbine deliveries, signaling a new growth engine.
Refex Industries plans a composite scheme: its green mobility subsidiary (RGML) merges into RIL, then the green mobility business demerges into a new listed Refex Mobility (RML). RIL shareholders get 1 RML share for every 1 RIL share, aiming to unlock value and boost focused growth.
Refex Industries' (RIL) Board endorses a composite scheme to merge Refex Green Mobility into RIL, then demerge RIL's Green Mobility business into Refex Mobility. This aims to create separate listed entities and unlock value. An unsecured creditors' meeting is scheduled for approval. RIL reports 347.68 Cr unsecured and 158.91 Cr...
A court has mandated shareholder and creditor meetings for Refex Industries and Refex Green Mobility to approve a Composite Scheme of Amalgamation and Arrangement. This move aims to streamline group structure.
Refex Industries successfully appealed a ₹0.35 Cr GST demand. An appeal authority quashed the entire tax liability and penalty, providing immediate positive financial relief.