Refex Renewables & Infrastructure Ltd — Important, 23-12-2025: Company Update

Refex Renewables & Infrastructure received a tax demand order from authorities under the GST Act for ₹0.15 Cr, including penalty. This demand arises from an alleged discrepancy where the company utilized more input tax credit in its FY2021-22 returns than what was purportedly available. This action implies a potential overstatement of tax credits. The company maintains its position and has stated its firm intention to vigorously contest this demand through the available legal processes, confident in its ability to defend the assessment.