Refex Industries Limited — Others, 26-06-2025: Shareholders meeting

Refex Industries Limited has announced a board meeting on July 18, 2025, to consider adoption of the financial results for the quarter and half-year and other routine business matters, including re-appointment of a director. Special business includes ratifying the remuneration of Cost Auditors for FY 2025-26, appointing M/s A. Mohan Kumar & Associates as Secretarial Auditors for five years, increasing authorized share capital from ₹40 Cr to ₹100 Cr, appointment of Dr. Vineet Kothari as Independent Director, and approval for up to ₹100 Cr of loans/advances to its wind power subsidiary, Venwind Refex Power Limited, for business purposes. The company reported a strong FY 2024-25 with consolidated revenue growth of 78% to approx. ₹2,468 Cr, driven primarily by over 100% growth in ash and coal handling, and an 87% increase in standalone net profit to approx. ₹190 Cr. Refex continues to advance its green mobility and wind power ventures and remains focused on ESG initiatives, including carbon neutrality by 2040 and water positivity by 2035. Robust governance and compliance measures were maintained, with no adverse audit qualifications or non-compliances.