Refex Industries Limited — JV/Acquisition, 30-03-2026: Acquisition

Refex Industries has boosted its stake in subsidiary Venwind Refex Power Limited (VRPL), raising its holding from 73.28% to 77.39%. This 4.11% increase stems from converting ₹430 Cr worth of Optional Convertible Debentures into equity shares. The move aims to fortify VRPL's capital structure, fuel its future growth in the wind power sector, and improve its debt-equity ratio. This strategic financial adjustment enhances VRPL's stability without fresh capital infusion, supporting its operational expansion.