The National Company Law Tribunal (NCLT), Chennai Bench, has scheduled meetings for the creditors and shareholders of refex industries on August 5, 2026, to consider the Composite Scheme of Amalgamation and Arrangement involving Refex Industries Limited, Refex Green Mobility Limited, and Refex Mobility Limited. The order, dated June 18, 2026, outlines specific timelines for secured and unsecured creditors of both Refex Green Mobility Limited and Refex Industries Limited to approve the proposed scheme. The meetings will be held via video conferencing or at the registered offices of the respective companies.

The Tribunal has dispensed with the requirement to convene meetings for the equity shareholders of Refex Mobility Limited and Refex Green Mobility Limited. Additionally, the order notes that Refex Mobility Limited has no secured or unsecured creditors, eliminating the need for such meetings. The equity shareholders of Refex Industries Limited are, however, required to meet to approve the scheme. The composite scheme aims to amalgamate Refex Green Mobility Limited (Transferor Company) and Refex Industries Limited (Transferee Company) with Refex Mobility Limited (Resulting Company).

The meetings for the secured and unsecured creditors of Refex Green Mobility Limited are set for 10:00 am and 10:30 am respectively, while those for Refex Industries Limited are scheduled for 11:30 am and 12:00 pm. The equity shareholders of Refex Industries Limited will meet at 11:00 am. All times are in Indian Standard Time (IST). The scheme was initially approved by the Board of Directors of Refex Industries Limited on September 22, 2025, and is subject to the receipt of applicable regulatory and other approvals.

The following table details the schedule of meetings ordered by the NCLT:

The amalgamation scheme is pursuant to Sections 230 to 232 of the Companies Act, 2013. A certified copy of the NCLT order is currently awaited. The company stated that the information regarding the order and the scheduled meetings will be hosted on its website. Refex Industries Limited, a part of the Refex Group, informed the exchanges via its Company Secretary and Compliance Officer, Ankit Poddar.

Refex Holding Private Limited, the promoter of refex industries , has pledged 3,16,36,946 equity shares during the financial year 2025-26. The pledged shares represent 23.06% of the total paid-up share capital of the company. This disclosure was submitted to the stock exchanges pursuant to Regulation 31(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The promoter, formerly known as Sherisha Technologies Private Limited, holds a total of 7,66,23,085 equity shares, which constitutes 55.85% of the paid-up share capital. The encumbrance was declared in a letter dated April 06, 2026, signed by Anil Jain, Managing Director of Refex Holding Private Limited. The filing was submitted by Ankit Poddar, Company Secretary & Compliance Officer of Refex Industries Limited.

Shareholding and Encumbrance Details

The following table outlines the promoter's shareholding and the specific details of the encumbrance as on March 31, 2026:

Promoter Group Structure

The disclosure also identified the members of the Promoter and Promoter Group as per the shareholding pattern of Refex Industries. Along with Refex Holding Private Limited, the promoters include Mr. Tarachand Jain and Mr. T Anil Jain. The Promoter Group comprises Mrs. Dimple Jain, Mrs. Ugamdevi Jain, and Mr. Yash Jain.