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

Refex Renewables & Infrastructure's Board approved the allotment of 1,381 new equity shares to employees who exercised vested stock options under the company's ESOP Scheme 2022. This issuance increases the company's paid-up equity share capital from ₹4,49,65,540/- to ₹4,49,79,350/-. The exercise of these options generated ₹3,78,394/- for the company, with an exercise price of ₹274 per share. These newly allotted shares are identical to existing shares, offering the same rights to new shareholders. This action expands employee ownership and slightly increases the total shares outstanding.