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Refex Industries Board has declared a 1st Interim Dividend for FY26 of ₹0.50 per share (25% on ₹2 FV). The Record Date is August 19, with payout expected by September 11.
In a strategic move, the company is discontinuing its Power Trading business. This segment, which contributed 4.48% (~₹108.99 Cr) to last year's turnover, faced margin compression (₹0.07 to ₹0.02/unit) and high compliance costs, making it economically unviable. This aims to streamline operations and enhance value for shareholders by focusing on core strengths like ash and coal handling. Results for the quarter and half-year were also approved.