Refex Renewables & Infrastructure Ltd — Important, 10-11-2025: Company Update

Refex Renewables & Infrastructure Limited's Board has considered a request from Avyan Pashupathy Capital Advisors Private Limited (APCAPL), a promoter holding 13,91,869 equity shares or 30.95% of voting capital, to re-classify to the 'public' shareholder category. The Board noted that APCAPL's request did not detail how specific conditions for this re-classification are met. To ensure adherence to established guidelines, the Board has instructed the Compliance Officer to seek a legal opinion on the matter. This step will help the Board determine the appropriate course of action before making a final decision on this significant change in shareholder classification.