Refex Industries Limited — Others, 11-08-2025: Monitoring Agency Report

Refex Industries has received monitoring reports detailing the utilization of funds from two preferential issues. For the initial Rs. 220 crore issue, all received funds of Rs. 148.68 crore have been fully deployed for working capital, capital expenditure, and subsidiary investments, with no deviations. From the second Rs. 905.44 crore issue, the company has received Rs. 513.38 crore. Of this, Rs. 499.88 crore has been used for working capital, capex, subsidiary investments, and loan repayments. The remaining Rs. 13.50 crore is held in fixed deposits. A slight delay in the completion of loan repayments was noted.