Refex Renewables & Infrastructure Ltd — Important, 04-02-2026: Company Update

Refex Renewables & Infrastructure Limited provided an update on the insolvency proceedings against its step-down wholly-owned subsidiary, Sherisha Solar LLP. The subsidiary faces an application for an alleged payment default of 34.24 Cr rupees. The National Company Law Tribunal heard the case, listing it alongside a separate petition filed by Refex Renewables. At the hearing, the respondent's counsel committed to maintaining the status quo and sought time for detailed arguments, indicating potential for an amicable solution. The NCLT granted an adjournment, with both parties agreeing to explore settlement options before the next hearing.