Refex Industries Limited — JV/Acquisition, 08-04-2026: Acquisition

Refex Industries has converted an outstanding loan of ₹4.85 Cr into equity shares of its subsidiary, Venwind Refex Power Limited (VRPL). This strategic move increases Refex's stake in VRPL by 0.38%, now standing at 77.77%. The conversion aims to strengthen VRPL's capital structure, optimize its debt-equity ratio, and support future growth in the Power & Energy industry, specifically wind power. This isn't a new funding round but a smart restructuring of existing company debt.