Refex Industries Limited — JV/Acquisition, 11-08-2025: Acquisition

Refex Industries has increased its stake in subsidiary Venwind Refex Power Limited (VRPL) from 67% to 75.50%, an 8.50% rise. This strategic move converts an outstanding ₹59.93 Cr inter-company loan into equity, with no fresh capital infusion. The company aims to strengthen VRPL's capital structure, optimize its debt-equity ratio, and boost financial sustainability. This enhances support for VRPL's future growth and operational expansion in the Power & Energy sector, specifically wind power.