Refex Renewables & Infrastructure Ltd — Important, 11-02-2026: Company Update

Refex Renewables & Infrastructure's Board considered a request from Avyan Pashupathy Capital Advisors Private Limited (APCAPL), one of its promoters, to reclassify its shareholding from 'promoter' to 'public' category. After receiving legal opinion, the Board unanimously declined the request. The decision was based on APCAPL's current shareholding of 30.95%, which exceeds the 10% ceiling for reclassification to the public category. This means APCAPL will continue to be classified as a promoter, maintaining the current shareholding structure.