Refex Industries Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors of Refex Industries Limited has approved several significant items, including investments, loans, guarantees, and securities totaling up to ₹2,500 Cr, surpassing specified limits under the Companies Act. Additionally, amendments to the Refex Employee Stock Option Scheme, 2021, and material related party transactions worth up to ₹1,860 Cr with subsidiary Venwind Refex Power Limited were sanctioned. Shareholder approval via postal ballot will be sought for these actions, with voting scheduled from April 3 to May 2. Ms. Mehak Gupta has been appointed as the scrutinizer for the e-voting process.