Refex Renewables & Infrastructure Ltd — Important, 04-11-2025: Company Update

Refex Renewables & Infrastructure Limited announced that a promoter, Avyan Pashupathy Capital Advisors Private Limited, has requested re-classification of its significant shareholding to the 'public' category. This entity holds 1,391,869 equity shares, representing 30.95% of the company's voting capital. Should this re-classification be approved, it would shift a substantial stake from the promoter group to the public. For investors, this could mean an increase in the public float, potentially boosting market liquidity and broadening the company's investor base. The company will now proceed with the necessary internal process for this request.